LONDON: Concerns that probable military strikes by Western powers against Syria could cause upheaval in the Middle East pushed oil up by over $2 a barrel on Wednesday, sent world shares lower for a second day and extended a rout in emerging markets.
Washington and its allies appeared to be gearing up for a strike against President Bashar al-Assad's forces, blamed for last week's chemical weapons attacks, a move which could prompt retaliatory action and hit crude supply in the region.
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