3 graphics show how the war in Iran is roiling markets
New York — The war in Iran has jolted financial markets, sending oil prices surging and stocks and bonds falling.
The market gyrations can be dizzying. Here’s a look at how the Middle East conflict has impacted markets this month:
Oil
Oil prices have surged since the war began.
Oil has climbed due to the effective closure of the Strait of Hormuz, disruptions to oil facilities in the Middle East and uncertainty about the duration of the conflict.
Brent crude, the global benchmark, rose 4.22% Friday to settle at $112.57, its highest level since 2022. Brent traded around $73 per barrel before the United States and Israel attacked Iran on February 28.
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