Dhaka, June 14 -- 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 despite a pullback heading into the Wall Street open, crude was still up by around 8.5 percent.The dollar jumped, while gold - viewed as a safe haven investment - was close to its record high of above $3,500 an ounce set in April."Global markets are being rattled by an escalation of ...
Click here to read full article from source
To read the full article or to get the complete feed from this publication, please
Contact Us.