Crude oil prices have recorded a significant increase due to concerns about the possible collapse of the ceasefire in the region, while a sharp decline is being seen in global stock markets. The price of Brent crude oil in the international market has increased to $98 per barrel, while US crude oil (WTI) is trading at $95 per barrel. According to experts, concerns about the impact of the energy supply chain due to the ongoing tension in the Middle East have increased, which is causing uncertainty among investors.

Meanwhile, a negative trend has also been seen in the global stock markets. The Pakistan Stock Exchange’s 100 index was seen at 168,998 points after a decline of 1,480 points during trading activities. The market witnessed a decline due to selling pressure from investors and global uncertainty.

Other major Asian markets also came under heavy pressure. South Korea’s Kospi index fell more than 8 percent, while Japan’s Nikkei index fell more than 3 percent. According to experts, the decline is the result of a decline in investor confidence and growing geopolitical risks in the region.

Similarly, a bearish trend was also seen in European and other global markets, including the stock markets of Germany, France, the United Kingdom, Hong Kong and India. Analysts say that until tensions in the Middle East subside, volatility and uncertainty are likely to persist in global financial markets.

On the other hand, global political leaders and financial institutions are closely monitoring the situation and are urging diplomatic efforts to reduce tensions in order to provide stability to energy and financial markets.