Global Markets Retreat as Middle East Conflict Hits Kuwaiti Energy Infrastructure

Key TakeawaysKuwait’s Al Ahmadi refinery shut down multiple units following a drone strike, intensifying fears over global energy supply stability.JPMorgan Chase & Co. (JPM) issued a hawkish pivot, now forecasting 25 bps interest rate hikes from both the ECB and Bank of England in April and July 2026.The ASX 200 fell 0.8% to close at 8,428.40 points, extending a weekly decline driven by surging oil prices and regional geopolitical tension.An industrial blaze in Daejeon, South Korea, injured 25 people at an ...