London, June 8, 2026 (AFP) - Oil surges on Mideast war escalation, tech stocks slide

NAMPA / AFP

2026-06-08

Oil prices surged Monday after Iran and Israel resumed strikes against one another despite a purported ceasefire, while technology stocks slumped following heavy pre-weekend losses on Wall Street. The world's main crude contracts, Brent North Sea and West Texas Intermediate, both gained more than five percent in Asian trading hours and again neared $100 a barrel before easing. The Israeli-Iran strikes were the first against one another since a sh......

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