Iran, Israel and oil prices
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NEW YORK (Reuters) -Dual risks kept investors on edge ahead of markets reopening late on Sunday, from heightened prospects of a broad Middle East war to U.S.-wide protests against U.S. President Donald Trump that threatened more domestic chaos.
"A heightening of Middle Eastern tensions has investors running for cover," says José Torres, senior economist at Interactive Brokers. "The conflict is propelling inflation expectations via the cost of crude oil … on worries that supplies could be disrupted in the region."
Israel's strike on Iran spurred an immediate risk-off move across markets as stocks tumbled and gold surged.
Stock index futures slide as Israel attacks Iran. Kenvue considering selling some skin, beauty brands - report. Frito-Lay shutting down production at Southern California plant.
Oil futures shot higher and U.S. stock-market futures sank Thursday evening as Israel said it attacked sites in Iran, raising new fears of an all-out conflict in the Middle East. "We struck at the ...