The Wall Street Journal

Oil prices, defence stocks rise as Israel-Hamas conflict rattles markets

Oil prices, defence stocks rise as Israel-Hamas conflict rattles markets
Energy prices rose on fears tensions between Hamas and Israel could escalate further after the weekend's surprise attack. (Image: Getty)
The Wall Street Journal
By Eric WallersteinOil prices and defence stocks climbed Monday after the worst attack on Israel in decades shook financial markets.Concerns that the Israel-Hamas war would escalate into a broader conflict in the Middle East that limits oil supply sent energy prices higher. Brent crude futures, the global benchmark for oil, added 4.2%. West Texas Intermediate rose 4.3% to US$86.38 (NZ$143.26) a barrel.Shares of defence contractors jumped as well. Lockheed Martin gained 8.9%, and Northrop Grumman climbed 11%, both posting their best days since M...

More World

Trump lifts sanctions on Syria as it holds talks on diplomatic ties with Israel
World

Trump lifts sanctions on Syria as it holds talks on diplomatic ties with Israel

Foes Israel and Syria have been talking for weeks, officials say.

Oil prices fall over 6% after Iran attacks US military base
World

Oil prices fall over 6% after Iran attacks US military base

A US defence official said there were no known American casualties.

AFP 24 Jun 2025
CEO pink: This muted, dusty shade means power in the office
The Life

CEO pink: This muted, dusty shade means power in the office

In this hue, ‘I can totally own a situation,’ says one exec.