Dow Industrials Falter, Oil Climbs After U.S. Airstrike Kills Iranian Military Leader

from The Wall Street Journal,

Investors dash for haven assets like gold and government bonds.

Oil prices advanced and global stocks faltered after a U.S. airstrike in Baghdad killed an Iranian military leader, recharging tensions in the oil-rich Middle East. Brent crude gained as much as 4.2%, hitting an eight-month high at $69.01. U.S. crude climbed 3.7% to $63.44 in recent trading. In the U.S., a recent stock rally came to a halt, with all three major indexes falling sharply after the opening bell.

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