Washington's 'War of Choice' with Iran Extends Beyond 100 Days, Impacting Global Markets
The conflict between the United States and Iran has surpassed the 100-day mark, defying initial expectations of a short engagement. Initially anticipated to last only four to five weeks, the conflict has evolved into a prolonged engagement with no clear end in sight. Recent developments include Iran's missile attacks on Israel, further escalating tensions. The Strait of Hormuz remains closed, complicating global oil supply chains. The ongoing conflict has rattled financial markets, with U.S. futures slipping and oil prices climbing. The international benchmark Brent crude rose by 2.34% to $93.09, while U.S. West Texas Intermediate futures increased by 2.19% to $90.54. The situation has also affected Asian markets, with South Korea's Kospi index dropping over 8%. The conflict's continuation has led to increased volatility in global markets, with investors closely monitoring geopolitical developments. 
