Oil prices surge over 7% due to Israeli-Iran conflict, leading to market unease

From Investing.com: 2025-06-12 23:50:00

Oil prices surged over 7% as Israel reportedly struck Iran, sparking fears of wider conflict in the Middle East. Global markets reacted with unease, anticipating potential disruptions to oil supply and increased geopolitical tensions. The attack targeted Iranian military sites, escalating longstanding tensions between the two nations. Energy markets are on high alert, with oil prices hitting multi-month highs and concerns over global inflation rising. Stock indices fell, while safe-haven assets like gold and the U.S. dollar gained ground. The days ahead are expected to be volatile as markets await further developments in the situation.



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