HONG KONG: Oil prices soared more than 12 per cent and stocks sank Friday (June 13) after Israel launched "preemptive" strikes on Iranian nuclear and military sites and warned of more to come, stoking fears of a full-blown war.
Investors ran for the hills on news of the attacks and a warning from Tehran that its regional foe faced a "bitter and painful" fate, while US President Donald Trump said a "massive conflict" in the region was possible.
