OIL PRICES ON FIRE 🔥🛢️: ISRAEL–IRAN CONFLICT STIRE THINGS UP ‼️
A sharp escalation between Israel and Iran has sent Brent crude surging past $90, igniting fears across global markets. Investors are grappling with the possibility of a prolonged conflict in the Middle East and it’s not just about oil. The Strait of Hormuz, through which a third of the world’s seaborne oil passes, is now in question.
Higher fuel costs could ripple through supply chains, driving inflation back up and forcing central banks to stay hawkish. Airlines, travel, and transport sectors are already taking a hit, while energy and defense stocks are surging. With oil climbing and safe-haven assets like gold gaining ground, market volatility is here to stay 🌍💣📉