London, March 18, 2026 (AFP) - Stocks fall, oil surges as US inflation jumps and Israel strikes gas facilities

NAMPA / AFP

2026-03-18

Stocks markets fell and oil prices surged Wednesday after a closely watched US inflation gauge came in hotter than expected and Iran said that Israel struck one of its gas facilities. Brent oil rose five percent to over $108 a barrel after Iran vowed to hit energy facilities throughout the Gulf in retaliation to what it said was an Israeli attack on a facility on the Gulf coast serving a massive gas field it shares with Qatar. The three main U......

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