US EditionOil prices surge 10% after Israel launches unilateral airstrikes against Iran
- On Thursday, Israel launched airstrikes on Iran targeting nuclear and military sites in Tehran, Natanz, Arak, and Isfahan.
- The strikes followed intensified tensions and resulted in the deaths of senior Iranian military commanders and nuclear scientists.
- Iran retaliated by launching about 100 drones at Israel while Israeli Prime Minister Netanyahu said the military action could last several days.
- Following the attacks, Brent crude rose 7.81% to $74.78 per barrel, U.S. crude rose 8.48% to $73.81, and U.S. stock indexes, including the Dow, dropped nearly 1%.
- Markets reacted over fears the conflict may disrupt oil exports via the Strait of Hormuz, potentially causing short-term crude price spikes and economic uncertainty globally.
421 Articles
421 Articles
Oil prices leap 7% and Dow drops 800 points on worries about what will happen to the crude market
Oil prices are leaping, and stocks are falling on worries that escalating violence following Israel’s attack on Iranian nuclear and military targets could damage the flow of crude around the world, along with the global economy. The S&P 500 fell…
Equities Stumble as Middle East Tensions Unsettle Markets - Real News Now
Equities took a beating while oil prices leaped on Friday, due to Israel initiating actions against Iran’s nuclear program and its essential staff, stirring up fears of a regional conflict escalating. At one point in the afternoon, the Dow Jones Industrial Average plummeted by 1.5%, translating into a loss of more than 600 points. Concurrently, the S&P 500 and the tech-dominated Nasdaq Composite were relatively less affected, recording a 0.7% de…
Unrest in the Middle East threatens to send some prices higher
By MATT OTT, AP Business Writer Israel’s attack on Iran Friday has catapulted their long-running conflict into what could become a wider, more dangerous regional war and potentially drive prices higher for both businesses and households. Oil and gold surged and the dollar rose as markets retreated, signaling a flight to investments perceived as more safe. After years of sky-high inflation in the aftermath of the COVID-19 pandemic, Americans have…
The Herald Journal
Antigo Daily JournalOil prices leap 7% and stocks fall on worries about what will happen to the crude market
Oil prices are leaping, and stocks are falling on worries that Israel’s attack on Iranian nuclear and military targets could escalate further and damage the flow of crude around the world, along with the global economy. The S&P 500 fell…
Coverage Details
Bias Distribution
- 50% of the sources are Center
To view factuality data please Upgrade to Premium
