Economic Watch: Global oil price surge, market turmoil -- economic fallout of U.S.-Israel strikes on Iran
The current market volatility highlights escalating concerns over the long-term structural damage caused by the U.S.-Israel strikes on Iran.
BEIJING, March 9 (Xinhua) -- The strikes launched by the United States and Israel against Iran have triggered a sharp spike in global oil prices, thereby sending shockwaves across the share market and adding to global economic instability.
U.S. crude o