Oil prices jump 7% and stocks drop
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Middle East, Oil
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Iran, Trump and Israel
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6h
Stocktwits on MSNExxon, Chevron, Shell Gain As Oil Prices Climb Amid Rising Israel-Iran Tensions – This Energy Stock More Than Doubled In ValueShares of energy companies rallied on Tuesday as oil prices popped amid the conflict between Iran and Israel escalating. Both West Texas Intermediate (WTI) and Brent crude futures rose more than 3% in afternoon trading,
6h
Sourcing Journal on MSNAmid Israel-Iran Tensions, Shipping Slows Down in Strait of HormuzAs the conflict escalates, container shipping faces growing risks from a potential chokepoint closure, rising insurance costs and surcharges from major carriers.
Global markets have remained relatively calm amid the escalating tensions between Israel and Iran. But that sentiment could quickly shift, according to experts, if the conflict affects the Strait of Hormuz.
Iran and Israel continued to exchange attacks into Monday amid the latest round of conflict between the two nations.
Iran unleashed a barrage of missile strikes on Israeli cities early Monday, after Israel struck military targets deep inside Iran, with both sides threatening further devastation. AFP images showed gutted residential buildings in Tel Aviv and fires smouldering outside the coastal city of Haifa,
The conflict between Israel and Iran is heating up as damaging missile strikes continue on both sides. CBS News' Courtney Kealy has the latest updates.