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Middle East Conflict Escalates as IDF Targets Tehran; Oil Surges to 4-Year Highs
Stock Market News· 2026-03-02 21:38
Key TakeawaysIsrael's IDF announced imminent strikes on military infrastructure in Tehran, marking a significant escalation as Iran's Revolutionary Guards threaten to "burn any ship" passing through the Strait of Hormuz.Brent crude oil surged above $80 per barrel, reaching a four-year high as military conflict threatens to halt a fifth of the world’s global crude flow.U.S. Secretary of State Marco Rubio warned that the "hardest hits" against Iran are yet to come, while confirming that six U.S. service membe ...