Oil prices soared and U.S. stocks fell sharply Friday as investors reacted to rising geopolitical tensions following Israel’s strikes on Iranian nuclear and military facilities. The escalation raised fears of disruptions to global oil supplies and broader economic fallout.

However, safe-haven gold bullion ETF SPDR Gold Trust (GLD) advanced 3.6% (read: S&P 500 ETFs Hover Near Record Highs: 5 Stocks Aiding the Rally). Last week, Israel launched a series of airstrikes on Iran’s nuclear and ballistic missile facilities,

Crude oil prices surged by more than 8% on Friday to hit 4-month highs after Israel’s attacks on Iran’s nuclear sites sparked supply concerns. Friday’s spike in crude oil prices is the largest single-day rise since Russia attacked Ukraine in 2022.

He has more than two decades of experience as a journalist and newsroom leader, including 25 years at Dow Jones and ... experts predict oil prices will settle after Friday's surge.

There are palpable fears that the escalating tension in the Middle East could drive up energy costs in Nigeria as crude oil prices continue to surge.

0513 GMT - Israel's strike on Iran has put geopolitical worries back on the agenda, sparking sizeable risk-off moves, but that doesn't mean market participants should tear up long-term views, says ...

Some calm is returning to Wall Street, and U.S. stocks are rising on Monday, while oil prices are giving back some of their initial spurts.