Oil up 13% after Israel attack on Iran; Asian stocks fall

Higher oil prices could rekindle U.S. and global inflation

20250613 Tehran2

Debris from an apartment building is seen on top of parked cars after an Israeli strike in Tehran, Iran, on June 13. © AP

LISA KIM, JADA NAGUMO and SHOTARO TANI

TOKYO -- Oil prices jumped and Asian stocks dropped Friday after Israel's attack on Iran escalated political tensions, affecting risk sentiment.  

Israel said early Friday that it had launched "preemptive strikes" against Iran, and Reuters reported that the attacks targeted Iranian nuclear and military sites. Israel said Iran launched more than 100 drones toward Israel in response to the attack. 

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