Stocks fall, oil prices rise on darkening economic outlook from Middle East war
Global stock markets fell and oil prices rose due to the ongoing Middle East conflict, which is disrupting world oil supply and dragging on growth. The Dow Jones Industrial Average fell 1.73%, while Brent crude futures rose 4.22% to settle at $112.57 a barrel.
Global stock markets fell on Friday due to the Middle East conflict. Oil prices rose as the conflict disrupts world oil supply. The Dow Jones Industrial Average fell 1.73%, while the S&P 500 lost 1.67%. Brent crude futures rose 4.22% to $112.57 a barrel. The conflict is affecting consumer and business confidence, leading to inflation and growth concerns. Economists believe the situation will continue to impact the global economy.
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