Oil Surges Above $110 as Iran Tensions Shake Global and Crypto Markets

Oil prices jumped above $110 after rising tensions in the Middle East raised fears of supply disruption. The move pressured global markets and weakened risk sentiment, while crypto showed relative stability as investors reacted to inflation risks and uncertainty around the Strait of Hormuz.

Oil rallied after U.S. President Donald Trump warned that military action against Iran could continue. Markets reacted negatively as no clear timeline was given for ending the conflict or reopening key shipping routes.

Brent crude moved above $110, while global equities declined. The jump reflected growing fears of supply disruption and prolonged geopolitical risk.