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International Business Times
International Business Times
Business
AFP News

Equities Sink, Oil Rallies On Fears Of Iran-Israel Conflict

Israeli army chief General Herzi Halevi (L) warned Iran's attack at the weekend would be 'met with a response' (Credit: AFP)

Asian stocks fell and oil prices climbed Tuesday on growing fears of a wider war in the Middle East after Israel's army chief vowed a response to Iran's unprecedented attack on his country at the weekend.

The selling came after Wall Street's three main indexes tanked in response to forecast-beating US retail sales data that reinforced the view that the world's top economy remained in rude health and further dented hopes for interest rate cuts this year.

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