Oil and gold prices soar and stock markets fall after Israel’s attacks on Iran
by Mark Sweney and Joanna Partridge from World news | The Guardian on (#6XYZ1)
Brent crude hits highest level since April while airline shares slide amid escalation of conflict in Middle East
The price of oil and gold has soared and stock markets have fallen after Israel's strikes against targets in Iran.
The escalation of the conflict in the Middle East, the focal point of global oil production, prompted a sharp increase in wholesale prices. Brent crude surged by more than 7% after news of the attacks broke, briefly moving above $75 (55) a barrel to its highest level since April.
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