Global markets are reacting sharply as oil prices surge past $120, driven by escalating geopolitical tensions and supply disruptions. The ripple effects are now hitting inflation, trade flows, and economic stability across every major region.

Global markets are recalibrating as oil surges past $100 amid geopolitical escalation, while central banks, tech earnings, and trade data signal a tightening, uneven global economy.

Markets surged and oil prices dropped after a US Iran ceasefire, triggering economic ripple effects across Canada, US, Africa and global regions.