Oil Prices Spike and Global Markets Retreat as Middle East Conflict Escalates

Key TakeawaysGlobal oil prices surged over $2 per barrel, with Brent Crude reaching $115.29 and US Crude climbing to $102.00 following Houthi missile strikes on Israel.US stock futures declined in Sunday evening trading, with S&P 500 E-minis falling 0.5% and Nasdaq futures dropping 0.6% ahead of a holiday-shortened week.A UNIFIL peacekeeper was killed and another critically injured after a projectile explosion at a UN position in southern Lebanon; an investigation into the origin of the strike is underway.I ...