<h1>Global markets fall amid Middle East tensions while Fed holds rates steady</h1> Global financial markets declined as Middle East tensions escalated on the seventh day of conflict. European markets fell 0.5-0.9 percent, with Asian markets also retreating amid heavy tech selling. The Federal Reserve maintained interest rates while signaling two cuts expected this year, citing concerns over import tariffs fueling inflation. Central banks in Switzerland cut rates while England held steady. Oil prices rose due to supply disruption fears, as one nation sits near crucial shipping routes. A steel acquisition was completed despite government opposition, while unemployment claims decreased but housing starts fell below expectations.