Oil Prices Soar & Stock Prices Fall

BANGKOK (AP) — The U.S. and Israeli attacks on Iran have sent a chill through world markets, with U.S. futures falling more than 1%. European markets opened lower early Monday and oil prices were up about 9%. The U.S. dollar rose against the Japanese yen and the euro. In Asian trading, shares slipped in Tokyo and most other markets but they rose in Shanghai, where higher oil prices lifted stocks in oil companies. War in the Middle East is expected to disrupt oil supplies. On Friday, the S&P 500 fell 0.4% to finish just its second losing month in the last 10. The Dow industrials dropped 1.1%, and the Nasdaq composite fell 0.9%.