Reuters: Oil surges after Gulf tanker attacks, stocks claw higher
LONDON (Reuters) - Suspected attacks on two tankers off the coast of Iran saw oil markets erupt out of their recent slump on Thursday and kept traders gobbling up ultra-safe government bonds, gold and the Japanese yen.
Brent surged as much 4% after reports of the attacks added to already heightened tensions between Iran and the United States. The area is near the Strait of Hormuz through which a fifth of global oil consumption passes from Middle East producers.
The crude spike helped Europe’s oil producers pull stock markets there higher and lift Wall Street futures. There were also some stellar gains in the telecoms sector as Germany dished out new 5G mobile network licenses to some new entrants.
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More News On Oil Prices
Oil price jumps after Gulf of Oman tanker 'attacks' - business live -- The Guardian
Oil surges on Mideast tanker incident, stocks rise -- AP
Oil prices surge after two tankers reportedly attacked near Strait of Hormuz -- Market Watch
Oil Surges as Tankers Report Violent Attacks in Gulf of Oman; U.S. Navy Responds -- The Street
Oil prices jump following suspected attacks on two oil tankers in Sea of Oman -- Press TV
Crude prices surge after tanker incidents in Gulf -- Al Jazeera
Oil Surges as Tankers in Gulf Suffer Another Suspected Attack -- Bloomberg
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