
Iran Strikes Shake Global Markets, Oil Prices Surge
Oakland News Today | 2 Min News | The Daily News Now! · The Daily News Now!
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Show Notes
Global markets plummeted Monday following U.S. and Israeli strikes on Iran, with oil prices surging and European markets opening lower. Asian trading showed a mixed response, with Shanghais Composite rising and Japans Nikkei closing down. The U.S. dollar strengthened against the yen, while traders feared disruptions in the Strait of Hormuz could spike fuel and gas prices worldwide. The reaction was contained as attacks were anticipated, shifting focus from AI hype, and U.S. stocks ended Friday lower due to hotter-than-expected wholesale inflation.
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