Global Markets Shaken as Iranian Strikes on Qatar Energy Hub Send Oil to $112

Key TakeawaysBrent crude surged 4% to $112 per barrel following Iranian ballistic missile strikes on Qatar’s Ras Laffan Industrial City, sparking immediate global energy supply fears.Asian equity markets tumbled in early trading, with Hang Seng Tech futures indicating a 2.1% lower open and Taiwan’s main index dropping 1.5%.Japan and South Korea issued urgent warnings of market intervention as currency volatility spiked and the Indian rupee (INR) weakened past 93 per dollar in NDF trading.The Reserve Bank of ...