Oil prices surge and stocks drop
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Gas prices "will likely start to rise across much of the country later this evening in response to Israel's attacks on Iran, which have caused oil prices to surge," Patrick de Haan, the head of petroleum analysis at GasBuddy, said on Friday in a post on X.
Israel’s stunning attacks on Iran’s nuclear program and military leadership are embroiling the Middle East in another deadly war — and could imperil President Donald Trump’s pledge to slash oil prices for American consumers.
Global airlines on Friday cancelled flights to Tel Aviv, Tehran and other Middle East destinations, or rerouted planes, as airspaces were shut off following Israeli strikes on Iran.Emirates, the Middle East's largest airline,
Global airline stocks tumbled on Friday as Israel's widescale strikes on Iran drove a more than 9% surge in oil prices and prompted carriers to clear out the airspace over Israel, Iran, Iraq and Jordan.