Stock markets slide and oil prices surge after Israel attack on Iran

Stock markets globally fell and oil prices surged following Israel’s military strikes on Iran, targeting nuclear facilities and military figures. The S&P 500 futures dropped 1.1%, while U.S. crude oil prices rose 7.3% to $72.91 per barrel; analysts warn that increased energy costs could hinder U.S. inflation progress, despite no immediate impact on Iranian oil exports.

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