Oil prices surge and stocks slump amid Israel-Iran strikes
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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 prices jumped following Israel’s attack. A de-escalation could bring oil back below $70 a barrel but a broader escalation could push it toward $90-$100, Swissquote Bank said.