Global markets slide as US.-Iran peace hopes fade, inflation spikes
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Global markets are experiencing a downturn as hopes for a U.S.-Iran ceasefire fade, with Trump stating it is "on life support" after Iran rejected a proposal, causing oil prices to surge. Additionally, U.S. inflation reached a three-year high of 3.8% year-over-year in April, primarily due to rising energy costs. This has led to a decline in global equities as concerns grow over sustained inflation and tighter monetary policies.
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