Oil and gas prices surged and global stock markets fell Monday as the conflict involving Iran intensified. European natural gas prices jumped more than 50 percent after Qatar halted LNG production following Iranian attacks, while crude oil futures climbed nearly nine percent amid disruptions around the Strait of Hormuz and reports of ships being targeted.
Investors moved into safe-haven assets such as the U.S. dollar and gold, and major stock markets in the United States and Europe posted losses.
Credit : CGTN