Global stocks faltered and oil prices advanced after a U.S. airstrike in Baghdad killed an Iranian military leader, recharging tensions in the oil-rich Middle East.
The news put a brake on a recent winning stretch for U.S. stocks, with all three major indexes falling from record levels, and spurred a dash for haven assets like gold and government bonds. Brent crude gained 3.5% to $68.60, capping off a fifth straight week of gains and settling at the highest level since September.
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Source Article from https://www.wsj.com/articles/geopolitical-tensions-put-brakes-on-global-stock-rally-11578038726
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