From Yahoo Finance: 2024-04-12 21:13:00

Oil prices surged on Friday as reports emerged of Israel preparing for a potential attack by Iran. Israeli PM Benjamin Netanyahu vowed to retaliate directly against any aggression. WTI crude oil rose 2%, nearing $86 a barrel, while Brent surged over $90. The conflict escalation in the Middle East comes after the killing of seven Iranian military personnel by Israel in Syria. Broader financial markets are on edge, with stocks falling, S&P 500 down 1.5% and Dow Jones down nearly 500 points. Safe-haven assets like gold hit a record high and US government bond yields fell as tensions rise.



Read more at Yahoo Finance: Oil prices spike as markets fear escalation of Middle East conflict amid reports of Israel bracing for attack by Iran