The escalating war in the Middle East has seen extreme volatility in global markets, particularly in the US.
Brent crude recorded a monthly surge of nearly 70%. It was trading above $115 per barrel by month’s end, its highest level in years. The closure of key shipping routes through the region sent shockwaves through energy markets worldwide.
The ASX 200 experienced a volatile month, driven by geopolitical tension, energy price fears, and inflation concerns. It recorded a decline of around 8% - its worst monthly performance since March 2020, although the index is still higher than it was a year ago.
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