Oil surged more than five percent Thursday and stocks sank as Iran carried out a series of attacks on Gulf energy facilities and warned of more following a strike on one of its key gas fields, while warnings of higher US inflation also soured the mood.
After spending much of Wednesday hovering around $100, crude soared as Tehran threatened to target regional installations in reply to what it said was an Israeli hit on a site serving its massive South Pars field, which it shares with Qatar. Â
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