London —
Oil prices climbed and stocks slipped Thursday, after inflammatory remarks by US President Donald Trump and Iranian officials sparked fears that the conflict could still escalate significantly.
Brent crude, the global oil benchmark, rose 7.4% in early trade to more than $108 a barrel. WTI, the US benchmark, climbed 7% to $107 a barrel.
Stock markets fell, after gains earlier in the week. South Korea’s Kospi led declines in Asia, closing 4.5% lower. In Europe, major indexes were overwhelmingly in the red and US futures also pointed to a lower open.
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