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Oil jumps 3%, spot gold hits record high after Israel launches strike in Iran [MSNBC.com]
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A view of oil-well in action during sunset at Elk Hills Oil Field as gas prices on the rise in California, United States on April 14, 2024.Tayfun Coskun | Anadolu | Getty ImagesOil prices jumped more than 3% on Friday in Asia after Israel launched strikes on Iran, triggering fears of an expanding war in the Middle East.A U.S. official confirmed with NBC News that Israel is conducting an operation in Iran.Global benchmark BrentWest Texas IntermediateSafe haven assets also rose. Spot gold prices surged to a fresh all-time high of 2,411.09 per ounce, while the yen strengthened 0.45% to 153.93 against the U.S. dollar.Iran's Fars news agency reported that explosions were heard near the airport in the Iranian city of Isfahan, and that flights to Tehran, Isfahan and Shiraz airports have been suspended.Flight tracking site Flight Radar 24 showed that multiple flights were diverted over Iranian airspace early Friday.Israel on Sunday vowed to"exact a price""With Israel's apparent strikes on Ira
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