US equity indexes fell on Wednesday after the Federal Open Market Committee kept the Federal Funds rate target unchanged at 3.50% to 3.75%. The committee stated that the implications of the Middle East conflict are 'uncertain' amid a surge in Brent crude oil prices to over $109 per barrel.
After Israel's missile strike on Iran's South Pars gas field, Iran unleashed a barrage of missiles and drones targeting the energy infrastructure of Gulf nations. Iran damaged the Ras Laffan Industrial City in Qatar, which houses the largest liquefied natural gas plant in the world.
