US Stock Futures, Global Markets Plunge As Energy Prices Explode

Global stocks are in freefall after a fresh surge in oil and gas prices deepened concerns that the war in the Middle East will fuel inflation and hit growth. We saw clear escalation in Iran conflicts yesterday given the South Pars gas field strike and Qatar LNG facilities strike, both of which have effectively shut down all hope for a quick resumption of LNG flows from the Gulf. Bonds also tumbled amid a second day of major central bank meetings, and just to keep everyone on the same pace, gold and bitcoin ...