Investor sentiment has been shaken further by the escalating conflict across the Middle East, which has now entered its seventh day.
Continued fears around global energy supplies have continued, with the struggles of supplies passing through The Strait of Hormuz which contributes to one-fifth of global Oil supply.
Oil prices have continued to climb throughout this week, as traders are now pricing in further supply disruption, with Oil prices having already jumped more than 15% this week alone. A backdrop of higher oil prices has seen rising inflation risks, particularly for The U.S.
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