Oil prices surge, global stocks slide amid Middle East conflict

Oil prices surge, global stocks slide amid Middle East conflict

Global markets fell sharply on Thursday as oil prices surged after Iran attacked energy sites across the Gulf. Brent crude crossed $115 per barrel, raising fears of inflation and slower growth. Stocks dropped across Europe, Asia and United States. Experts warn the US-Israel-Iran conflict could turn into an energy crisis affecting fuel prices, food supply and the global economy.

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