Oil prices surged nearly 30% as escalating conflict between Iran, Israel, and the United States raised fears of major disruptions to Middle Eastern energy supply.

Oil prices jumped to as high as $119 a barrel, the highest since 2022, as concerns over global oil supply ripped through ...

The All Ordinaries has shed 2.9pc, or about $90 billion in value, as global markets crumble and oil prices surge 25pc above ...