Oil heads for $100, Asia stocks subdued as Middle East tensions escalate - Reuters

Oil prices are approaching $100 as escalating tensions and strikes in the Middle East raise significant fears regarding supply disruptions. This geopolitical instability has left Asia stocks subdued while increasing volatility across global energy markets. Experts warn that the rising cost of oil, driven by these regional conflicts, could potentially lead to broader global economic instability. Market participants remain cautious as the situation evolves, monitoring the impact of Middle East strikes on energy availability.