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Oil Surges, Asian Stocks Sink After Iran Strikes Israel

NYT > Business·June 8, 2026
Oil Surges, Asian Stocks Sink After Iran Strikes Israel

She reports that oil prices have surged and Asian stocks have plummeted following Iran's missile strikes on Israel. The attack has raised concerns about the stability of the fragile cease-fire in the Middle East, leading to market volatility. As a result, investors are becoming increasingly cautious, driving down stock prices and pushing up oil prices. Global markets are now closely watching the situation, awaiting further developments.

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