🌍 Morning Update - 12 March Markets opened the day under pressure as renewed tensions in the Middle East pushed energy back to the centre of attention. Oil surged sharply, reviving inflation concerns and weakening overall risk appetite. 🛢️ Brent crude moved back above $100 per barrel, while WTI climbed into the mid-$90s. The spike followed fresh attacks on Gulf shipping and growing fears over possible supply disruptions through the Strait of Hormuz. 📉 Asian stock markets fell, with the regional benchmark down around 1.6%. Japan’s Nikkei lost about 1.5%, while Hong Kong equities also moved lower as traders reacted to rising geopolitical and energy risks. 💵 The US dollar stayed firm on safe-haven demand, while bond yields edged higher as the oil jump raised fresh doubts over how quickly central banks may be able to move towards easier policy. 🥇 Gold remained near historically elevated levels, but the stronger dollar limited further upside, keeping bullion in a more cautious range despite the broader risk-off mood. 📊 Today, traders will also be watching the economic calendar closely, with US labour-market data, housing figures, and remarks from Bank of England Governor Andrew Bailey all capable of adding volatility to forex and index trading. ⚠️ The main market driver remains clear for now: oil first, inflation second, risk sentiment third. If crude continues to rise, pressure on stock indices and risk-sensitive currencies may deepen further. Trade wisely with NordFX and stay ready for the next move 🚀