Oil Markets on Edge as Iran Vows Retaliation

Global oil markets are bracing for another wild week after the United States launched direct strikes on Iranian territory over the weekend, raising fears of a retaliatory escalation that could threaten vital energy infrastructure and shipping lanes in the Middle East. Prices spiked to their highest levels in five months in early trading on Monday…

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LIVE: Oil Prices Surge As Israel-Iran Conflict Heats Up

Israel’s large-scale military strikes on Iran’s military leaders, nuclear facilities and missile factories sent global markets into turmoil, with oil prices soaring and stocks plummeting.  Safe-haven assets rallied, with gold climbing to $3,416 per ounce, nearing its April high of $3,500.05, while the U.S. dollar index gained 0.8% to 98.50. The Swiss franc and Japanese…

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