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Stocks Sell Off, Oil Surges as Israel Strikes Iran

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"Israel's 'pre-emptive' strike on Iran has sent volatility surging during Asian trade on Friday. Traders are now on edge over the prospects of a full-blown Middle East conflict, given Iran had already warned it would target Israel's nuclear facilities if attacked first.
The article discusses a significant sell-off in global stock markets and a surge in oil prices following reports of Israeli strikes on Iranian soil, escalating tensions in the Middle East. The MSCI All-World index dropped by 0.9%, with major indices like the S&P 500, Dow Jones, and Nasdaq also experiencing declines. Oil prices jumped nearly 4% due to fears of potential disruptions in oil supply from the region. Additionally, the article mentions that gold prices rose as investors sought safe-haven assets amidst the geopolitical uncertainty. The situation remains fluid, with markets reacting to the unfolding events and the potential for further escalation.

Read the Full Reuters Article at:
[ https://www.msn.com/en-ca/money/topstories/stocks-sell-off-oil-surges-as-israel-strikes-iran/ar-AA1GEgky ]