Oil Prices Surge and Markets React to Iran-USA Military Conflicts

Global oil prices surged after Iran launched missile strikes against Israeli and American bases and threatened shipping in the Strait of Hormuz.Broadcom shares jumped over 6% following reports that its quarterly artificial intelligence revenue doubled to 8.4 billion dollars.South Korea’s Kospi index rebounded by 9.6% as the government deployed a 100 trillion won emergency financial package.Analysts like Mark Newton at Fundstrat suggest the Standard and Poor's 500 must surpass recent highs to confirm market stability.