The escalation of the US-Iran military conflict and a spike in US inflation are sending shockwaves through the global market as of June 2026.
Brent crude prices have surged close to USD 95/barrel due to threats of closing the Strait of Hormuz.
Asian stock markets are taking a hit, with the South Korean KOSPI index plummeting by 3%.
US inflation has risen to 4.2%, triggering forecasts for a rate hike by the Fed in October.
#USIranConflictLiftsOilAsianStocksFall
Brent crude prices have surged close to USD 95/barrel due to threats of closing the Strait of Hormuz.
Asian stock markets are taking a hit, with the South Korean KOSPI index plummeting by 3%.
US inflation has risen to 4.2%, triggering forecasts for a rate hike by the Fed in October.
#USIranConflictLiftsOilAsianStocksFall