Middle East energy crisis sends shockwaves through global markets. Iran and Israel escalate attacks on critical infrastructure, with Tehran striking Qatar's Ras Laffan LNG terminal in retaliation for Israeli strikes on South Pars gas field. President Trump threatened to "massively blow up" South Pars if attacks continue, intensifying geopolitical tensions. The conflict is roiling oil and gas prices, triggering sharp selloffs across Asian and European markets. The Dow dropped over 750 points overnight to a new yearly closing low. Central banks responded cautiously, with the Federal Reserve and Bank of Japan holding rates steady amid inflation concerns tied to rising energy costs. Fed Chair Powell signaled no immediate rate cuts despite market volatility. European stocks are set to open sharply lower as investors brace for further escalation in the Middle East conflict.
