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.

On Sunday, global financial markets became the epicenter of turmoil. Major US futures entered the new trading week with a significant slump, signaling growing investor concerns about the economy's future. The steep decline in S&P 500, Dow, and Nasdaq futures drew particular attention, triggered by the escalation of trade tensions between the US and key partners.

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.