London, June 13, 2025 (AFP) - Oil prices soar, stocks slide after Israel strikes Iran

NAMPA / AFP

2025-06-13

Oil prices soared and stocks sank Friday after Israel launched strikes on nuclear and military sites in Iran, stoking fears of a full-blown war. Oil futures rocketed more than 13 percent at one point, reaching the highest levels since January and reigniting worries about a renewed spike to inflation. Fears of a higher-cost environment sent share prices sliding for a majority of companies across Asia and Europe. Energy majors jumped, however, as d......

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