Brent Crude Surges 4% as US-Israeli Airstrikes Hit Tehran

A major escalation in Middle East tensions occurred on Monday as US and Israeli forces conducted airstrikes targeting Tehran, specifically striking the Sharif University of Technology campus. The strikes represent a significant and direct military action against Iran's capital. Iran's Foreign Ministry swiftly condemned the attack, calling it a "criminal act" and vowing retaliation. The development sent immediate shockwaves through global financial markets. Crude oil prices surged, with Brent crude jumping over 4% to a six-month high, as traders braced for potential supply disruptions from the region. Concurrently, global bond markets experienced heightened volatility, with yields on US Treasuries and German Bunds swinging sharply as investors sought safe-haven assets amid the geopolitical uncertainty. Market analysts noted that the conflict introduces a new layer of risk for an already fragile global economy, with energy costs and risk sentiment now heavily pressured by the unfolding military confrontation.