US Stocks Sink, Oil Prices Spike After Israel Strikes Iran

Global financial markets are in turmoil on the heels of Israel’s full-scale strikes on Iran, targeting the nation’s nuclear facilities and military leadership.
U.S. stocks plunged on June 13, with the leading benchmarks down by about 1 percent.
The blue-chip Dow Jones Industrial Average declined by approximately 400 points, or 0.93 percent. The tech-heavy Nasdaq Composite Index declined by approximately 250 points, or 1.16 percent. The broader S&P 500 erased nearly 53 points, or 0.87 percent.
Asian markets also settled the session lower. The Hang Seng Index slumped by 0.59 percent, the Shanghai Composite Index tumbled by 0.75 percent, and the Nikkei declined by 0.9 percent.
Israel launched an attack on Tehran’s nuclear and military sites and high-ranking officials as part of an operation called “Rising Lion.”…