Crude oil jumped and US equity-index futures fell after fighting erupted in the Middle East, reigniting tensions after several days of calm and reviving concerns over energy supplies.
American crude jumped around 5% to top $83 a barrel, snapping a three-day decline, after the US military said it successfully intercepted an Iranian “attempted surprise attack” on troops based in the Middle East. A few days of calm saw global benchmark Brent post its biggest three-day decline since April 2020, settling at $84.09 on Tuesday. Treasury futures also inched lower, while the dollar was a touch stronger against most of its Group-of-10 peers.
