Global tensions between Iran and Israel are causing significant economic instability. 

Oil prices have surged by 14%, exceeding $77 a barrel, due to fears of supply disruptions from the Middle East. Stock markets are also experiencing a downturn, with the Dow Jones dropping 770 points and European markets also declining. The cryptocurrency market has been severely impacted, losing over $250 billion in value in a single day, with Bitcoin falling below $105,000 and Ethereum and Solana dropping 7% and 9% respectively.