Oil Near $80: Global Markets Reel After US Strike on Iran | Vantage with Palki Sharma
The US attack on Iran has sent shockwaves through global markets. Brent crude is trading close to USD 80 per barrel, up more than 10 percent since the crisis began. With over 40 percent of the world’s oil coming from West Asia, supply fears are driving prices higher.Equity markets from Asia to Europe and the United States have fallen sharply. The Sensex dropped over 1,000 points, while the Dow fell more than 500 points at the open. Meanwhile, investors are moving into gold, which has crossed USD 5,400 per ounce, reflecting rising uncertainty.
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