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Oil Surge Above $100 Sends Shockwaves Through Global Markets as Iran Conflict Escalates

Oil prices surged above $100 per barrel Monday as escalating conflict involving Iran disrupted global supply routes and heightened fears of a prolonged energy shock. The rapid rise in crude prices rattled equity markets and reignited inflation concerns, forcing investors to reassess sector exposure as energy stocks rallied while airlines, consumer companies, and technology shares faced renewed pressure.