Oil prices surge while global shares retreat after Israel’s strike on Iran

News Snapshot:

Currency traders watch monitors near a screen showing the Korea Composite Stock Price Index (KOSPI) and the foreign exchange rate between U.S. dollar and South Korean won, right, at the foreign exchange dealing room of the KEB Hana Bank headquarters in Seoul, South Korea, Friday, June 13, 2025. (AP Photo/Ahn Young-joon) HONG KONG — Oil prices surged while global shares were lower Friday after Israel struck Iranian nuclear and military targets in an attack that raised the risk of all-out war between them. U.S. benchmark crude oil rose by US$4,14, or 6.1%, to $72.18 per barrel. Brent crude, the international...