Oil Shock and Middle East Escalation Send Global Markets into Tailspin
Business
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Oil Shock and Middle East Escalation Send Global Markets into Tailspin

March 4, 2026
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Global markets sank deeper into turmoil as a surge in oil prices and intensifying conflict in the Middle East rattled investor confidence, unleashing broad sell-offs from Asia to Wall Street. In South Korea, the benchmark KOSPI posted one of its sharpest three-day declines in years, tumbling between 14 and 16

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