Global markets reel from Iran war

The global economy is facing renewed pressure as the war in Iran enters a more volatile phase, with crude oil prices hitting their highest levels in years.

President Trump's recent prime-time address failed to provide a definitive timeline for the cessation of hostilities, leading to a sharp sell-off in international stock markets.

The ongoing blockade of the Strait of Hormuz remains a primary concern for energy analysts, who warn of potential fuel shortages and inflationary spikes.

Allied nations are reportedly meeting to discuss diplomatic alternatives to military intervention to secure vital shipping lanes.