Oil Prices Surge and Markets Drop Following Israeli Attacks

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Source: The New York Times
Oil Prices Surge and Markets Drop Following Israeli Attacks
Photo: The New York Times
TL;DR Summary

Israel's military strikes against Iran caused a nearly 9% surge in Brent crude oil prices and led to declines in global stock markets due to fears of a broader Mideast conflict disrupting energy supplies, with concerns particularly about Iran's strategic position and its impact on global oil exports.

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