Hong Kong CNN —
Oil prices surged late Sunday in Wall Street’s first reaction to America’s strikes on three Iranian nuclear facilities on Saturday evening, a major escalation of the Iran-Israel conflict.
US oil futures jumped 2.7% to about $75.80 per barrel at 930 pm ET. Brent futures, the global benchmark for oil prices, increased 2.44%, hitting $78.88 per barrel.
US stock futures fell in response to the attacks. Dow futures dropped 175 points, or 0.4%. S&P 500 futures fell 0.4%, while Nasdaq futures tumbled 0.5%.
The US dollar, however, rose 0.3%,
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