Oil Prices Tumble, Global Stocks Rise As Iran fears Ease

Oil prices fell and global stocks rose Monday on relief that Israel’s strikes on Iran avoided the country’s energy infrastructure. Israel spared oil and nuclear facilities in its air strikes on Iranian military targets Saturday, easing investor concerns about the extent of Israel’s retaliation to Tehran’s October 1 missile barrage. Investors breathed a sigh of relief as the attack was more restrained than expected,” said Ipek Ozkardeskaya, senior analyst at Swissquote Bank. Oil prices have swung wildly in recent weeks, with investors concerned that an attack on Iran’s oil facilities…

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