Oil prices shoot up and US stocks decline as Hamas' attack on Israel rattles markets

Mon, 10/09/2023 - 05:06

Israeli forces, dispatched to the border with Gaza in southern Israel, scan the area near Ashdod on October 8, 2023 as the battle against holdout Hamas fighters continues
Gil Cohen-Magen/AFP via Getty Images

Oil prices jumped as much as 5% Monday on fears Hamas' attack on Israel could lead to supply disruptions.
US stock futures fell, while safe-haven assets like gold and the dollar surged.
Wall Street is worried that Saturday's strikes could snowball into a wider conflict.

Oil prices jumped Monday, while US stock futures fell as investors fretted that Hamas' surprise attack on Israel could snowball into a wider conflict.