Global Markets in Free Fall: When Fear Trumps Reason Global markets have been on edge for weeks, with yesterday's events exacerbating uncertainty. The escalation of strikes in the Iran conflict and a 6.
12% spike in oil prices sent shockwaves through international markets, causing shares to plummet worldwide.
The Oil Price Paradox Oil prices have been volatile since the outbreak of the Iran conflict, initially surging to nearly $120 a barrel before dropping back down to pre war levels only to spike again yesterday.