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Markets Shake as U.S. and Iran Clash | US News
Description
Global markets are rattled as U.S. airstrikes on Iran trigger a volatile week, sending oil prices soaring and tech stocks—especially in South Korea—plummeting amid fears AI valuations are unsustainable. After a brief reprieve following a deal to reopen the Strait of Hormuz, Iran’s attack on a container ship reignited tensions, prompting U.S. retaliation and Iran’s retaliatory strikes across the Middle East. Investors brace for bank earnings amid inflation and rate concerns, while the dollar strengthens against the yen and euro.
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