Energy prices soar on Iran war fallout, stocks mostly fall

NEW YORK, United States – Oil and gas prices soared, stock markets mostly retreated and the dollar rallied on Monday as the widening Iran war shook financial markets across the globe. European natural gas prices surged more than 39 percent after Qatar’s state-run energy firm said it had halted liquefied natural gas production following Iranian attacks on facilities at two of its main gas processing bases. READ: https://globalnation.inquirer.net/311960/war-widens-to-include-iranian-backed-militias World crude futures jumped more than six percent on fears of disruption to supplies, with the vital Strait of Hormuz — through which around 20 percent of global seaborne oil passes — effectively shut […]... Keep on reading: Energy prices soar on Iran war fallout, stocks mostly fall