Iran Tensions Spike Oil, US Stocks Rally, Fed Signals Liquidity Injection

Market News
1. Geopolitical tensions surrounding Iran and warnings from the IEA/IMF have pushed crude oil prices (Brent & WTI) to surge significantly, adding to global inflation concerns.
2. The U.S. stock market closed higher, with the Dow Jones index up approximately 0.59% and the Nasdaq gaining 1.00%, indicating positive investor sentiment amid uncertainty.
3. The New York Fed announced it will conduct a total of about $40.5 billion in asset purchases ($15.5 billion in reinvestments & $25 billion in reserve management) over the next month, potentially boosting market liquidity.