Middle East escalation triggers major market shock. Iran's retaliatory strikes on U.S. and allied targets across the Persian Gulf have ignited a sharp risk-off selloff in global equities. Brent crude is surging toward one hundred dollars per barrel as shipping firms suspend Strait of Hormuz transit, threatening critical energy supplies. European markets are set to plunge at open, with investors fleeing to safe havens like gold and government bonds. The U.S. Embassy in Kuwait is reportedly under attack, while military engagements have expanded into the Mediterranean with RAF Akrotiri targeted overnight. Analysts warn of five to ten dollar immediate oil price premiums. This geopolitical escalation represents a significant threat to economic stability and corporate earnings across energy-dependent sectors globally.
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