The value of oil has clocked its largest single-day acquire in six years – with Brent crude surging by greater than 20% to $114 (£85) a barrel.
It comes as investor uncertainty surrounding the warfare in Iran deepens, with fears rising of a chronic battle throughout the Middle East.
Stock markets throughout Asia additionally fell early on Monday – with South Korea’s KOSPI index plunging by greater than 6%.
The sudden drop meant an emergency circuit breaker was activated that halted buying and selling for 20 minutes.
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