Hong Kong CNN —
Oil prices jumped on Friday while Asian markets tumbled, with global investors worrying about an escalation in conflict in the Middle East after explosions were reported near the Iranian city of Isfahan.
US crude futures rose 2.1% to trade at $84.5 per barrel during Asian morning trading hours. Brent crude, the global oil benchmark, was up 2%.
Israel has carried out a strike inside Iran, a US official told CNN, a move that threatens to push the region deeper into conflict. The Israeli military said they “don’t have a comment at this time,” when asked
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