Oil jumps 3%, spot gold hits record high after Israel launches strikes on Iran

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Oil jumps 3%, spot gold hits record high after Israel launches strikes on Iran
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Oil prices jumped more than 3% after unconfirmed reports of explosions near the Iranian city of Isfahan.

Iran's Fars news agency reported that explosions were heard near the Isfahan airport, but emphasized that the reasons are still unknown.

Iran's Fars news agency reported that explosions were heard near the airport in the Iranian city of Isfahan. "With Israel's apparent strikes on Iran today, retaliating for Iran's attack on Israel last Sunday, we now have a direct nation-on-nation hot war," said Rapidan Energy's Director of Global Oil Service, Clay Seigle.He maintained that's it's still too early to determine what could happen next.

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