Iran, Israel and Oil
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As Israel and Iran exchanged more attacks, stock markets mostly rose even as worries remained about possible oil supply interruptions.
NEW YORK (AP) — Some calm is returning to Wall Street, and U.S. stocks are rising on Monday, while oil prices are giving back some of their initial spurts following Israel’s attack on Iranian nuclear and military targets at the end of last week.
The conflict between Israel and Iran has the potential to considerably disrupt global energy markets, with each nation attacking the other’s oil and gas infrastructure. Images of blazing oil fields, refineries and distribution hubs have sent prices of ...
Ukrainian President Volodymyr Zelenskyy says rising global oil prices following Israeli strikes on Iran will strengthen Russia by increasing its oil revenues, aiding its war effort in Ukraine.
Oil futures soared in electronic trade late Thursday after Israel's attack on Iran, with West Texas Intermediate crude, the U.S. benchmark, up nearly 10% in electronic trade on the New York Mercantile Exchange.
Israel unleashed airstrikes across Iran for a third day Sunday and threatened even greater force as some Iranian missiles evaded Israeli air defenses to strike buildings in the heart of the country. Planned talks on Iran’s nuclear program,