Oil prices surge 6% as stocks and FX crash at first market open after Friday’s war-driven selloff

Following Israeli strikes on Iranian oil facilities, crude oil prices surged over 6%, with US crude reaching 75.67 USD per barrel. This spike triggered instability in global markets and sent other assets tumbling, including a drop of over 700 points in the Dow Jones.

Amid the turmoil, Bitcoin experienced a slight decrease to 105,182 USD, while Ethereum climbed marginally. Investors shifted towards gold as a safer asset, reflecting market concerns about fluctuation and supply disruptions.

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