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Middle East Conflict Escalates as Iran Strikes US Bases; Global Markets Shaken by Strait of Hormuz Crisis
Stock Market News· 2026-03-30 04:38
Key TakeawaysIranian missile and drone attacks on U.S. military bases across Bahrain, Kuwait, Qatar, and the UAE have triggered a global security crisis, sending shockwaves through energy and commodity markets.Platinum prices surged 3% to $1,919.64 per ounce as geopolitical risk premiums spiked, while Asian equity markets saw sharp declines, with the Philippine stock index dropping 2.5%.The Strait of Hormuz crisis is threatening 20% of the world's oil and LNG supply, causing major industrial delays for firm ...