Israel-Iran Conflict Triggers 6% Surge in Oil Prices as Global Markets Brace for Volatility

The recent escalation between Israel and Iran has triggered a significant surge in crude oil prices, leading to market volatility across the globe. The Israeli military’s targeted strikes on Iranian nuclear facilities have resulted in a 6% increase in oil prices, marking one of the most impactful price jumps since early 2025. This action has added further fuel to geopolitical tensions, creating uncertainty for investors and potentially impacting safe-haven assets like gold and cryptocurrencies.