Escalating conflict in the Middle East—specifically, between Israel and Iran—is beginning to send ripples through global oil markets. After Israeli strikes reportedly hit several critical Iranian energy facilities over the weekend, oil prices climbed by approximately 1% during Asian trading on Monday. With Brent crude hovering around $75 per barrel, concerns over energy-driven inflation are once again mounting in the United States.

Recent data on U.S. stock futures indicates a continued downturn. According to Odaily, Nasdaq $^NDX futures have dropped by 2%, S&P 500 $^SPX futures are down 1.66%, and Dow Jones Industrial Average $^DJI futures have fallen 1.4%. This trend raises concerns among analysts and traders, who are keen to understand the factors behind this decline and its potential impact on future market dynamics.