Global Markets in Turmoil Amid Gulf Conflict and Rising Oil Prices

Global Markets in Turmoil Amid Gulf Conflict and Rising Oil Prices

Global Markets in Turmoil Amid Gulf Conflict and Rising Oil Prices Brent crude oil prices soared by 3% on Monday, nearing historic monthly highs as the brewing Gulf conflict grips global investors with worries of skyrocketing inflation and potential recession. This uncertainty has seen Asian markets, particularly Japan’s Nikkei index, plummet by 2.8% due to their dependency on Gulf oil exports.Conflicting reports from the region have investors o…