Middle East Meltdown Tehran announced it had struck 85 US military sites in Bahrain and Kuwait, sending shockwaves through global markets and pushing up oil prices.
The immediate impact is clear: Brent crude oil prices have surged to $78 per barrel, while major stock indices are down across the board.
The price spike is a direct result of renewed tensions in the Gulf, where Iran's actions have disrupted shipping traffic and raised concerns about the safety of passage through the Strait of Hormuz.