Equities continued their downward trend on Thursday, driven by renewed anxieties over inflation. These fears were triggered by a significant increase in oil prices following reports suggesting former President Donald Trump is contemplating further military strikes against Iran. The potential for escalation in the region raises concerns about disruptions to global oil supply, which would likely push prices even higher. This surge in oil prices directly contributes to inflationary pressures, impacting economies worldwide. The report has prompted investors to offload stocks, leading to further losses in the market. The situation remains volatile as markets react to geopolitical developments and economic forecasts. This news originated from Iraqi News.