Oil Surges, Global Markets Slide as Iran Conflict Fuels Supply Fears

Global financial markets tumbled Monday while U.S. oil prices surged sharply to around $73 per barrel after American and Israeli strikes on Iran and Tehran’s retaliatory attacks heightened fears of prolonged disruption to global energy supplies. U.S. futures for the S&P 500 and Dow Jones Industrial Average fell about 1.7%, pointing to a weaker open … Continue reading Oil Surges, Global Markets Slide as Iran Conflict Fuels Supply Fears