Oil prices surge following Iranian missile strikes on Israel amid escalating Middle East crisis – live updates | Business

Eurozone unemployment remained at a record low of 6.4% despite a weakening economy, with expectations of an increase in the coming months due to job losses. Israel is considering targeting Iranian oil facilities in retaliation for a missile attack, with US lawmakers backing a strike against Iranian oil production. Maersk continues to send ships to Beirut despite the incursion of Israeli troops into Lebanon. Saudi Arabia warns of oil prices potentially dropping to $50 per barrel, ahead of an OPEC+ meeting. AO World agrees to a £10m takeover of musicMagpie, whose share price surged after a £200m listing in 2021. JD Sports struggles with Red Sea disruption and wet weather, leading to falling profits. Oil prices rise as investors await Israel’s response to Iran’s missile attacks, impacting global stock markets. Asian markets slide following the US lead, except for Hong Kong due to Beijing’s stimulus. Investors are monitoring the Middle East conflict for potential market impacts. Eurozone unemployment rate data and US ADP employment change figures are scheduled for release.

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