Oil prices surged due to escalating tensions with Iran, impacting global stock markets negatively. Brent crude briefly exceeded $119 before settling at $110.80. The conflict raised concerns about potential disruptions in Gulf oil production, contributing to inflation. Major stock indices fell, with the S&P 500 on a four-week losing streak. The Federal Reserve's cautious stance on interest rates amid rising inflation fears added to market uncertainty. Despite losses in many sectors, tech stocks like Rivian Automotive showed resilience. Teljes cikk (Euronews.com)