Global Markets and Oil Prices Affected by US-Iran Tensions
Global stock markets experienced volatility, and oil prices remained above $100 a barrel due to escalating tensions between the United States and Iran. The situation intensified after Iran released footage of commandos boarding a cargo ship in the Strait of Hormuz, and reports emerged of Tehran's air defenses engaging 'hostile targets.' This has led to concerns about a potential military escalation in the Middle East, affecting investor sentiment and market stability. The ongoing conflict has resulted in a significant increase in oil prices, with a weekly rise of over 18%, marking the largest increase since the onset of the conflict. 
