Oil Prices Surge And US Futures Slump As Israel Strikes Iran
1. Global crude oil prices spiked after Israeli airstrikes on Iran. 2. Brent Crude Futures hit $78 per barrel, marking a significant increase. 3. S&P 500 Futures dropped 1.2% following the geopolitical escalation. 4. The conflict resulted in key Iranian military and scientific losses. 5. High oil prices may lead to increased inflation risks.