Oil Prices Surge Amid US-Iran Missile Exchange; Global Markets Rattled
Global crude oil prices jumped sharply following missile strikes between the United States and Iran, raising fears of a wider conflict in the Middle East. Brent crude climbed to $98 per barrel while WTI traded at $95, as markets reacted to the escalating tensions.Asian and European markets posted mixed results. Pakistan’s KSE-100 Index fell 831…
Global crude oil prices jumped sharply following missile strikes between the United States and Iran, raising fears of a wider conflict in the Middle East. Brent crude climbed to $98 per barrel while WTI traded at $95, as markets reacted to the escalating tensions.
Asian and European markets posted mixed results. Pakistan’s KSE-100 Index fell 831 points, closing at 170,190. Stock markets in Germany, France, the United Kingdom, Hong Kong, and India also declined. Japan’s Nikkei Index bucked the trend, gaining over 2 percent.
Analysts warn that prolonged US-Iran hostilities could further disrupt global energy supplies and fuel inflationary pressures worldwide.
