India, May 28 -- US Isreal Iran War Latest Live Update: The stock markets around the world fell drastically on Thursday, May 28, 2026 following the military actions taken by the United States against Iran, which it termed to be 'defensive'. This heightened the geo-political situation between both countries and brought in uncertainty to the rest of the world economically. There was turmoil in the world shares, foreign exchange market, commodities, and energy market due to this confrontation between the two nations.

Oil Prices Surge Amid Strait of Hormuz Supply Concerns

The newest development in the Middle East crisis also contributed to the increase in oil prices. The price of crude oil rose above USD 2 per barrel following huge declines...