Stocks sink, oil surges on reports of Middle East attacks
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Oil prices jump on escalating tensions in the Middle East
By Laura He, CNN Hong Kong (CNN) — Oil prices jumped on Friday while Asian markets tumbled, with global investors worrying about an escalation in conflict in the Middle East after explosions were reported near the Iranian city of Isfahan. US crude futures rose 2.1% to trade at $84.5 per barrel during Asian morning trading
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FTSE 100 surges to record high as Middle East tensions ease
The FTSE 100 has closed at a record high after fears about an escalating conflict in the Middle East eased.]]>
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Middle East escalation could trigger oil price shock that fuels inflation, World Bank warns
Oil prices could rise to $102 per barrel if a major conflict in the Middle East breaks out involving one or more oil producers, according to the World Bank.