Middle East, Oil Prices
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AAP Newsroom on MSNEnergy stocks surge on Middle East conflictIsrael and Iran's escalating conflict has lifted oil prices and energy stocks, but the resulting hike in inflation expectations is weighing on other sectors.
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The Israeli shekel suffered widespread selling on Friday along with some government bonds and equity markets across the Middle East after Israel launched missile strikes against Iran.
US and Brent crude prices jumped on fears of supply disruption from the Middle East as Iran has repeatedly threatened to close a key shipping route.
Bitcoin witnessed a dramatic fall, dropping below $103,000 as the news of Israel's airstrikes on Iran emerged. The cryptocurrency market as a whole felt the impact of the escalating geopolitical tensions,
Stock markets in the Middle East ended lower on Thursday with uncertainty looming after the U.S. decided to relocate personnel from the region ahead of nuclear talks with Iran.