US President Donald Trump's warning to Iran triggered a global market meltdown, with oil prices surging and stocks plummeting amid fears of an escalating Iran-US war.
Crude oil prices jumped more than $5 after Trump's address, with Brent crude futures rising 6.3% to $107.49 per barrel and US West Texas Intermediate crude futures climbing 5.3% to $105.40 per barrel.
The Indian Sensex tanked 1.96% to 71,700.60, while Bitcoin dropped 2.8% to below $66,300.
Analysts attributed the market response to Trump's unclear messaging on a possible ceasefire or diplomatic engagement with Iran.
