🚨 Oil Prices Soar Amid Israel-Iran Conflict – Markets Rattled! 🌍🛢️📉
Oil just saw its biggest single-day spike since 2022:
Brent Crude ↑ 5.9% to ~$71
US Oil (WTI) ↑ 8.6% to ~$74
This massive surge came after Israel launched a targeted attack on Iran’s nuclear and missile sites, killing top commanders. In response, Iran vowed “severe punishment.” A state of emergency has been declared in Israel.
📉 Stock Markets Tumbled:
Dow -665 pts (1.55%)
S&P 500 -1%
Nasdaq -1.15%
VIX (fear index) ↑ 12%
✈️ Airline & Travel Stocks Dropped:
United, Delta, American Airlines, and cruise companies all fell sharply.
🛡️ Defense Stocks Rose:
Lockheed Martin and General Dynamics gained.
🏦 Gold & USD Strengthened:
Gold ↑ 1.7% to $3,444/oz as a safe haven.
📈 If the Strait of Hormuz, the world's key oil chokepoint is disrupted, experts warn we could see $100 oil again, potentially reigniting global inflation.
💬 “Markets had been too calm about Middle East risk,” analysts now say. With retaliation underway, expect more volatility in oil, stocks, and inflation-sensitive assets.