Global Turmoil Hits Markets: Crude Surges, US Tumbles, Nifty Plunges Over 300 Points

• Domestic stock markets witnessed a sharp decline on Friday, with the Nifty closing over 300 points down.
• Global market signals are deteriorating further; Brent crude surged past $91 per barrel.
• US markets tumbled over 1%, with the Dow falling to its lowest level in 3 months, driven by Middle East tensions and US job market weakness.
• US unemployment rate rose to 4.4%, increasing hopes for a Federal Reserve rate cut, but rising crude oil prices pose an inflation risk.
• Qatar's Energy Minister warned of potential halt of Gulf exports, possibly pushing oil prices to $150 per barrel.