International financial markets and energy sectors have become very unstable after the official end of a ceasefire agreement between the United States and Iran. This situation was caused by maritime attacks in the Strait of Hormuz.

在美國與伊朗的停火協議正式結束後，國際金融市場與能源部門變得非常不穩定。此情況是由霍爾木茲海峽的海上襲擊所引起。

The current political instability began after the US administration cancelled a sanctions waiver for Iranian oil and started military strikes against Iranian targets. These actions were a response to Iranian attacks on commercial ships in the Strait of Hormuz, which is a vital route for about twenty percent of the world's energy supplies. President Donald Trump described the previous agreement as a 'waste of time,' showing that diplomatic efforts had stopped. Consequently, Brent crude oil prices rose toward $80 per barrel, while major stock indices, such as the S&P 500 and the Dow Jones, fell as investors became more cautious.

目前的政治不穩定始於美國政府取消對伊朗石油的制裁豁免，並開始對伊朗目標進行軍事打擊。這些行動是為了回應伊朗在霍爾木茲海峽攻擊商船，而該海峽是全球約百分之二十能源供應的重要航道。川普總統將之前的協議描述為「浪費時間」，顯示外交努力已經停止。隨後，布倫特原油價格升向每桶 80 美元，而 S&P 500 與道瓊斯等主要股指則因投資者變得更加謹慎而下跌。

At the same time, the technology sector is being re-evaluated. Although Samsung Electronics reported a large increase in operating profit due to the demand for AI memory chips, its stock value still dropped. This suggests that investors are no longer blindly optimistic; instead, they now require evidence of long-term productivity rather than just short-term growth. Furthermore, some analysts emphasize that software companies may be stronger than semiconductor firms, as software providers could benefit more from AI integration.

與此同時，科技部門正被重新評估。雖然三星電子報告由於 AI 記憶體晶片的需求使營業利潤大幅增加，但其股價依然下跌。這表明投資者不再盲目樂觀；相反，他們現在要求看到長期生產力的證據，而非僅僅是短期增長。此外，部分分析師強調，軟體公司可能比半導體公司更強，因為軟體供應商能從 AI 整合中獲益更多。

These developments have also increased concerns about monetary policy. Meeting notes from the Federal Reserve, led by Chairman Kevin Warsh, show that officials disagree on inflation trends. The combination of rising energy costs and the high cost of AI infrastructure is seen as a possible cause for lasting inflation. As a result, markets now expect the Federal Reserve to take a stricter approach, with a higher chance of interest rate hikes in the second half of the year to keep prices stable.

這些發展也增加了對貨幣政策的擔憂。由主席 Kevin Warsh 領導的聯準會會議紀錄顯示，官員們對通貨膨脹趨勢持有分歧。能源成本上升與 AI 基礎設施高成本的結合，被視為導致持久通膨的可能原因。因此，市場現在預期聯準會將採取更嚴格的作法，下半年調高利率的可能性增加，以維持物價穩定。

The global economy remains vulnerable to further shocks as the US-Iran conflict continues and investors question whether the AI-driven market growth is sustainable.

由於美伊衝突持續，且投資者質疑 AI 驅動的市場增長是否可持續，全球經濟面對進一步衝擊仍顯脆弱。