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International Business Times
International Business Times
World
AFP News

Oil Extends Rally After Iran Attack, Hong Kong Resumes Surge

Fears over an escalation in the Middle East crisis after Iran's attack on Israel have sent oil prices soaring (Credit: AFP)

Oil prices rose more than one percent Wednesday, extending the previous day's rally, and safe haven gold pushed towards a record high after Iran's missile attack on Israel ramped up fears about an escalation in the Middle East.

News of the launch rattled US and European traders and sparked a sell-off on most markets, though Asia fared slightly better, with Hong Kong resuming its China stimulus-fuelled rally as it reopened after a one-day break.

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