Oil jumps to highest price since 2023 amid Iran war, weak US jobs data rattles Wall Street stocks
Washington: Global financial markets witnessed a turbulent week as oil prices surged to their highest level since 2023 amid escalating tensions linked to the ongoing conflict in the Middle East. The spike in energy prices, combined with disappointing US employment data, triggered a sharp sell-off across Wall Street and raised fresh concerns about the health of the global economy. Brent crude, the international benchmark for oil prices, jumped sharply and settled at USD 92.69 per barrel after rising as much as 8.5 per cent during trading. At one point it crossed USD 94, marking its highest level since September 2023.…