Middle East Tensions Trigger Surge in Oil Prices and Market Turmoil
Tokyo, Japan – Global oil prices experienced a significant surge today, driven by growing concerns over a potential escalation of tensions in the Middle East. The increase in oil prices sparked a ripple effect across financial markets, with major oil contracts soaring by more than 3 percent. This spike was fueled by apprehensions regarding the supply of oil from the oil-rich region, leading to a sharp decline in equities worldwide. The morning reports of heightened …