Oil Surges To 6% To $110 After Trump's $5000 'Trump Dividend' Promise | Iran War Impact On Oil

By Oneindia News

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Global markets are facing a fresh wave of pressure as Brent crude surges nearly 6% to $109.97 a barrel, reaching its highest level in four months. Rising tensions across the Middle East, disruptions around the Strait of Hormuz and Red Sea, and growing fears over energy supplies are sending shockwaves through oil, bonds and global stocks. The oil surge is also fueling inflation fears, pushing U.S. Treasury yields sharply higher and increasing expectations that the Federal Reserve and other major central banks could keep interest rates higher for longer. Japan’s Nikkei and South Korea’s Kospi have already suffered steep declines as investors reassess the global economic outlook. With RBC warning that worsening Yemen fighting could push Brent toward $121.99, markets are now watching whether this is simply a short-term oil shock—or the beginning of a much broader global inflation and market crisis. #OilShock #BrentCrude #OilPrices #BrentOil #CrudeOil #GlobalMarkets #OilCrisis #Mid

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