🌍 1. Middle East tensions push oil prices sharply higher

Oil prices have surged close to $120 per barrel, a massive jump driven by rising conflict fears. �

The Economic Times

Tensions involving the U.S., Iran, and regional groups are threatening key shipping routes like the Strait of Hormuz. �

Reuters

Around 50,000+ U.S. troops are reportedly deployed, raising concerns of a wider war. �

Reuters

👉 Impact: Possible global inflation, higher fuel prices, and economic pressure worldwide.

💰 2. Global markets on edge

The oil surge is shaking financial markets and could force central banks (like in Europe and the U.S.) to keep interest rates high. �

Reuters

G7 countries are planning urgent talks to deal with the economic fallout. �

Reuters