Middle East Escalation Triggers Global Market Selloff

The global markets experienced significant turmoil on July 24, 2026, as tensions escalated in the Middle East and President Donald Trump announced new tariffs on 60 U.S. trading partners.

Stocks plummeted in response to the escalating conflict, with investors becoming increasingly anxious about the potential impact on oil prices and global economic stability.

Oil surged to a high of $120 per barrel as concerns grew about disruptions to oil supplies due to the conflict.