Global markets retreated as escalating tensions over Iran rattled investors, sending stocks lower and oil prices sharply higher.
Oil prices climbed above $100 per barrel after US President Donald Trump warned of continued military action, offering no clear timeline for an end to the conflict.
Investors grew concerned over prolonged disruptions to the Strait of Hormuz, a critical route for global oil shipments, which remains a key factor driving market volatility.
Asian, European, and US markets all posted declines, while the US dollar strengthened as investors sought safer assets amid the uncertainty.
Analysts warned that prolonged conflict could further fuel inflation and slow economic growth, raising fears of stagflation in the global economy.
