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News in English (USA) / 02.03.2026 / 13:00

Global Markets in Turmoil Amid Rising US-Iran Tensions and Oil Prices

U.S. stock futures plunged over 550 points following a sharp increase in oil prices amid escalating tensions between the U.S. and Iran. The Brent crude oil price approached $80 as the conflict intensified, prompting significant reactions in the financial markets. Analysts predict a turbulent week ahead, with investors advised to watch for pivotal job data and earnings reports, which could further impact market dynamics. As geopolitical risks loom, experts suggest cautious approaches, with some advocating for inaction while awaiting clearer signals from the market. Meanwhile, major retail earnings are set to test consumer resilience against this backdrop of instability.
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