Oil prices rise while stock futures decline following U.S. strikes on Iran

Oil prices surged following U.S. and Israeli strikes in Iran that resulted in the death of its supreme leader, with U.S. crude rising 12% and Brent crude climbing 14%. Analysts predict that consumers may see gas prices increase by around 20 cents per gallon due to this spike. Stock futures fell sharply, and investors shifted towards safe assets like gold amid rising tensions. Shipping companies began diverting vessels from the Strait of Hormuz, heightening concerns over potential disruptions in oil and natural gas supplies.

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