Oil jumps, stocks sell off as trading gets underway amid Iran strikes

Oil prices surged and global stock markets declined sharply as trading commenced following Iranian missile strikes, signaling intensified geopolitical tensions in the Middle East. Investors are bracing for potential disruptions to oil supply and economic stability, shifting capital towards safe-haven assets. The immediate concern is the breadth of the conflict and its impact on global trade and energy costs, which could significantly dampen growth prospects if sustained.