Iran war escalation threatens global markets

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The Iran conflict is the most consequential developing story because any renewed U.S. military action could disrupt energy supplies and trigger a broader regional crisis. Oil prices have recently eased on hopes of de-escalation, but investors remain concerned that escalation would reverse that move, intensify inflationary pressure and further damage economic growth. Global markets are also absorbing a sharp technology-stock selloff and rising government borrowing costs, amplifying the potential fallout from geopolitical shocks.

Sources: Reuters, Associated Press, Anadolu Agency, Euronews