Global Markets
Oil Surges as US Launches Strikes on Iran: Energy Markets Brace for Volatility
724FinanceKaptan Rıza Deniz

Oil prices surged over 3% to $90 a barrel after the US confirmed a wave of strikes against Iran, reigniting fears of supply disruptions in the energy sector. The Baltic Dry Index rose 4.1% as tanker freight rates spiked amid heightened geopolitical tensions. While investors sought refuge in energy assets, the market reaction remained measured despite concerns over Iran’s role in global oil supply chains. Analysts warn that prolonged conflict could strain shipping routes and commodity markets further.