Oil prices jump 7% and stocks drop
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Middle Eastern markets dropped on Sunday as investors signaled growing concerns of a wider conflict amid tit-for-tat attacks by Israel and Iran.
Israel's strike on Iran spurred an immediate risk-off move across markets as stocks tumbled and gold surged.
The International Energy Agency is "actively monitoring the impact on oil markets from the Israel-Iran situation," executive director Faith Birol said in a post on X Friday. "Markets are well supplied today but we're ready to act if needed,
Rising oil prices, tariffs, and high debt levels are reigniting stagflation risks. Read more on strategies to navigate inflation and economic stagnation.
As with any Commander-in-Chief working in the Oval Office, President Trump's policies undoubtedly have an impact on the stock market. Benchmarks like the S&P 500 and Nasdaq Composite did