The escalating conflict in the Middle East dragged stocks lower and sent oil prices surging on Friday, marking the latest geopolitical episode to rattle the markets this year. Stocks fell sharply after Israel launched a wide-ranging attack against Iran’s nuclear facilities and military leadership,

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Oil prices leapt, and stocks fell on worries that escalating violence following Israel's attack on Iranian nuclear and military targets could damage the flow of crude around the world, along with the global economy.