Israel’s attack on Iran early Friday sent global stocks tumbling, led by a selloff in Wall Street futures and a surge in oil prices.
The uncertainty in the Middle East – a major oil producing region – has sent investors scrambling amid uncertainty for financial markets.
Per reporting from Reuters, crude oil jumped around 9%, with Brent futures rallying $6 to $75.36 per barrel and WTI futures $6.16 higher at $74.20 per barrel by 0228 GMT.
Gold climbed 1.5% to about $3,434 per ounce, nearing the record high of $3,500.05 from earlier this year.
U.S. S&P E-mini futures EScv1 slumped 1.7% and Nasdaq futures skidded 1.8%. Pan-European STOXX 50 futures STXEc1 tumbled 1.6%.