Oil Prices Rise Amid Middle East Tensions, US Markets Drop
TL;DR Summary
Oil prices surged over 4% amid fears of broader conflict involving Israel, Iran, and possibly the US, as tensions escalate with Israel bombing Iranian facilities and US rhetoric against Iran intensifying, leading to declines in US stocks and concerns over global energy supply disruptions.
- Oil prices spike, US stocks fall on Israel-Iran crisis Al Jazeera
- Oil stabilises after surge, stocks drop as Mideast crisis fuels jitters Yahoo Finance
- Oil Rally Builds as Middle East Unrest Deepens: Markets Wrap Bloomberg.com
- Oil Prices Climb as Trump Calls for Iran’s ‘Surrender’ The New York Times
- This Is a Better Hedge Than Bonds as Israel-Iran War Heats Up Barron's
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