Rising oil prices due to Iran conflict risk impacting markets despite recent tech sell-off.

The ongoing conflict in Iran and its impact on oil prices pose a significant risk to global markets, despite recent sell-offs in the tech sector. Oil prices remain high around $90 per barrel, with emergency reserves nearing four-decade lows, raising concerns about supply if the Strait of Hormuz remains blocked. While peace talks offer hope, prolonged conflict could push oil prices even higher, potentially reaching $150-$160 per barrel. Investors are advised to stay cautious and prepared for volatility as geopolitical tensions continue to influence energy markets.