Middle East Conflict Sparks Surge in Oil Prices and Market Turmoil
Tokyo, Japan – Oil prices surged today amid escalating tensions in the Middle East, sending shockwaves through global markets. Both main oil contracts experienced a significant increase of over 3 percent, fueling concerns about potential disruptions in the crude-rich region. The heightened fears of a regional conflict were reflected in the sharp decline of equities, with major Asian markets like Tokyo, Seoul, and Taipei plummeting by more than 3 percent. Other markets in Hong Kong, …