Oil Prices Soar as Israel Strikes Iran. Exxon and Chevron Stocks Jump.
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Oil prices were surging Friday after Israel launched a surprise attack on Iran’s nuclear sites and other targets, escalating tensions in the Middle East. Brent crude futures jumped 7.3% to $74.39 a barrel, and West Texas Intermediate crude futures, the U.S. benchmark, rose 7.8% to $73.31. The head of Iran’s Islamic Revolutionary Guard Corps, Hossein Salami, was killed, according to Iranian media, while dozens of targets were hit.