WS #15031
The US has formally rejected a Qatari-brokered ceasefire proposal, escalating tensions in the Strait of Hormuz and prompting Iran to demand a US response on oil access by Tuesday. This refusal to de-escalate has driven Brent crude toward $100, triggering a broad risk-off response across global markets. Asian indices like the Sensex and Nifty have slipped on inflation fears, while European sentiment is pressured by rising bond yields and energy costs.
Geopolitical Escalation and Energy Shock
The US has formally rejected a Qatari-brokered ceasefire proposal, escalating tensions in the Strait of Hormuz and prompting Iran to demand a US response on oil access by Tuesday. This refusal to de-escalate has driven Brent crude toward $100, triggering a broad risk-off response across global markets. Asian indices like the Sensex and Nifty have slipped on inflation fears, while European sentiment is pressured by rising bond yields and energy costs.