Breaking: Oil jumps 5% after Iran launches surprise strike on U.S. base in Jordan

Iran's reported surprise attack on a US base in Jordan triggered a sharp 5% jump in oil, signaling elevated Middle East geopolitical risk and potential supply disruption concerns. The immediate market implication is higher energy risk premia, which can tighten financial conditions via inflation expectations and increase volatility across risk assets, while benefiting crude-linked instruments in the near term.