Global Markets Jitter as Peace Talks Falter and Oil Prices Surge
Published on: July 8, 2026, 2:50 a.m. | Source: Devdiscourse
Global markets witnessed volatility as oil prices soared and U.S. stocks declined, spurred by renewed tensions between the U.S. and Iran. Technology stocks were hit hardest, with the Nasdaq experiencing a significant drop. Geopolitical unrest in the Middle East further fueled market concerns, leading to a spike in crude oil prices and affecting currency and bond markets.
