Oil hits four-year high amid geopolitical tensions, sparking sharp market selloff across Asia and Europe.

Oil hits four-year high amid geopolitical tensions , sparking sharp market selloff across Asia and Europe. Crude prices surged past $115 per barrel following escalating regional conflicts and threats to critical shipping routes, particularly the Strait of Hormuz, a vital chokepoint for global energy supplies. The sharp commodity spike triggered immediate sell-offs in major Asian indices, with futures markets in Europe also showing weakness ahead of the open. Energy stocks benefited from higher oil prices, but broader market sentiment turned negative as investors worried about inflation impacts and economic slowdown risks. The supply disruption concerns have reignited stagflation fears among traders, pushing safe-haven assets higher while equities face pressure. Markets remain volatile as geopolitical developments continue to unfold.