US-Iran tensions are rattling markets, with oil prices spiking due to fears of supply disruptions in the critical Strait of Hormuz. This could ignite inflation fears, hurting profits and slowing growth, which in turn wobbles stocks 📉.$NOM

Here's what's happening:$INIT

- *Oil Prices*: Brent crude futures rose to $65.92 a barrel, while US West Texas Intermediate crude hit $61.13, up 3%.

- *Market Shift*: Risk-off mode kicks in, with money flowing into safe-havens like cash, bonds, gold.$G

The situation remains volatile, with investors closely monitoring geopolitical developments and potential US sanctions on Iran.