Oil surges, stocks fall on Middle East fears as Israel strikes Iran

Hong Kong (AFP) June 13, 2025 Oil prices soared more than 12 percent and stocks sank Friday after Israel launched "preemptive" strikes on Iranian nuclear and military sites and warned of more to come, stoking fears of a full-blown war. Investors ran for the hills on news of the attacks and a warning from Tehran that its regional foe faced a "bitter and painful" fate, while US President Donald Trump said a "massive confli

Jun 13, 2025 - 07:05
 0
Oil surges, stocks fall on Middle East fears as Israel strikes Iran
Hong Kong (AFP) June 13, 2025
Oil prices soared more than 12 percent and stocks sank Friday after Israel launched "preemptive" strikes on Iranian nuclear and military sites and warned of more to come, stoking fears of a full-blown war. Investors ran for the hills on news of the attacks and a warning from Tehran that its regional foe faced a "bitter and painful" fate, while US President Donald Trump said a "massive confli