Oil prices briefly surged and stock markets slid Friday on reports Israel had carried out retaliatory strikes againstIran’s state media reported explosions in the central province of Isfahan on Friday, as US media quoted officials saying Israel had carried out retaliatory strikes against its arch-rival.
The rush for safety also saw the yen rally against the dollar and gold jump back past $2,400 per ounce, while the Swiss franc and US government bonds won support. Fears of a major regional spillover from the war in Gaza between Israel and Iran-backed Palestinian militants have since soared. Appeals by world leaders for de-escalation again echoed on Friday.
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