Global Markets Rattle as Middle East Tensions Escalate

Concerns over potential Israeli strikes on Iran and strong US economic data create market volatility.

Oil prices surged, with Brent crude climbing over 4% due to fears of conflict in the Middle East affecting energy shipments.
US stock indexes, including the Dow and Nasdaq, fell as investors weighed geopolitical risks against positive economic indicators.
Emerging-market currencies weakened as the US dollar strengthened, driven by demand for safe-haven assets amid regional conflict.
US economic data showed robust growth in the services sector and a slight increase in unemployment claims, influencing Federal Reserve rate expectations.
Levi Strauss shares dropped significantly following disappointing quarterly sales results and a strategic review of its Dockers brand.