Markets on edge as fresh U.S.-Iran attacks dent optimism over a peace deal

Markets have become uncertain after recent U.S.-Iran escalations threatened a fragile ceasefire that had been gaining traction as a potential path to a longer-term peace deal. Fresh Iranian attacks on the UAE and tensions over the Strait of Hormuz in the past 48 hours have raised concerns among analysts that conflict could resume, disrupting global energy supplies that are already strained by the waterway's closure. Market strategists warn this represents a critical inflection point, with the situation remaining highly delicate as inventories dwindle and the economic impact of energy shortages becomes increasingly acute.