Oil jumps as Iran and Israel trade strikes
Iran and Yemen launched missiles towards Israel, prompting Israel to strike targets in Iran.
The conflict escalated after Israeli strikes on Beirut, followed by Iran firing at Israel.
Markets reacted with WTI crude oil up $3.33 to $93.53 and US 10-year yields up 3 bps to 4.56%.
The S&P 500 futures rose 0.2%, while the Nikkei fell 3.6%.