16
Mar
Oil markets surged on Monday after the United States and Israel executed coordinated strikes on Iran, intensifying worries about a wider Middle East conflict and potential disruptions to global energy flows.Markets react to Middle East tensionsUS crude futures climbed about 7.5% in early trading, while Brent crude, the international benchmark, jumped 6.2%, momentarily topping $82 per barrel before easing to roughly $77. The rally came after weeks of speculation over possible military action, which had already pushed oil prices upward as markets braced for potential conflict.Meanwhile, stock futures for major indices tumbled. The S&P 500, Nasdaq, and Dow Jones all…
