US Futures Plunge 2%; Oil Spike Rekindles Inflation Fears, Global Markets Bleed

• Wall Street futures, including E-mini Nasdaq-100 and S&P 500, tumbled up to 2% amid rising West Asia tensions.
• Crude oil prices surged, with Crude Oil up 6.71% to $76.007 and Brent crude jumping 7.05% to $83.222 per barrel.
• The oil spike renewed inflation concerns, unsettling investors hoping for interest rate stability.
• Asian markets saw sharp selling: Japan's benchmark plunged 3.06%, and South Korea's KOSPI tumbled 7.24%.
• Indian markets face a weak start, with GIFT Nifty (SGX Nifty) indicating a sharp 2.13% gap-down opening.