Oil prices rose sharply when market trading began Sunday over concerns that the supply from Iran and elsewhere in the Middle East would slow or grind to a halt.

Wall Street is reacting to joint attacks from the US and Israel on Iran. Oil and currencies have seen the greatest jumps.

Wall Street is reacting to joint attacks from the US and Israel on Iran. Oil and currencies have seen the greatest jumps.

Wall Street is reacting to joint attacks from the US and Israel on Iran, which has spurred a retreat from risk assets.

Wall Street is reacting to joint attacks from the US and Israel on Iran, which has spurred a retreat from risk assets.

Wall Street is reacting to joint attacks from the US and Israel on Iran, which has spurred a retreat from risk assets.

Wall Street is reacting to joint attacks from the US and Israel on Iran, which has spurred a retreat from risk assets.

The impact on oil prices and in turn, on inflation is the focus for investors already uneasy about the backdrop for stocks.

Global investors reacted to the weekend strikes in the Middle East by selling U.S. stocks in futures markets. Some assets may benefit, however.

Oil prices jumped 13% to cross $80 per barrel for the first time since 2024 as traders began rapidly pricing in major disruption to oil flows through the Middle East.

Oil prices jumped 13% to cross $80 per barrel for the first time since 2024 as traders began rapidly pricing in major disruption to oil flows through the Middle East.

The price of oil surged Sunday after U.S. and Israeli strikes on Iran, which killed its supreme leader.U.S.

Middle Eastern states are investing tens of billions of dollars in renewable energy, nuclear power, hydrogen and carbon capture to diversify their economies and reduce long-term dependence on oil and gas revenues.

Expect short-term disruption and uncertainty, analysts say. But unless there's prolonged conflict, markets should settle down relatively quickly.

Eight countries that are part of the OPEC+ oil cartel announced Sunday they will boost production of crude as U.S. and Israeli forces launched a major attack on Iran and the country responded with retaliatory strikes against Israel and U.S. military inst