Brace for impact: With Iran in crisis, markets fear $100-a-barrel oil

There is no easy way to shape our words on what happened over the past two days. As the markets approached the end of the working week, it took just a couple of hours to experience a shocking ‘cold plunge’ effect. US and Israeli forces launched an attack on Iran, a development that many had anticipated, but it took an unexpected turn following a week of fluctuating negotiations.