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European stock markets tumble and defense stocks soar amid Middle East conflict
European indexes dropped around 2% at open, hit by a 10% jump in Brent crude prices and a 23% surge in gas prices. Defense companies and oil majors are benefiting from the war in Iran.
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usatoday.com
Oil jumps, stocks sell off as trading gets underway amid Iran strikes
Global investors reacted to the weekend strikes in the Middle East by selling U.S. stocks in futures markets. Some assets may benefit, however.
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cnbc.com
Asia-Pacific markets set to plunge after Iran strikes, oil futures spike by over 8%
Oil futures on Monday jumped by over 8%, with West Texas Intermediate futures and Brent trading at $72.52 and $79.04 per barrel respectively.
