Oil Prices Surge as Iran War Widens, Asian Stocks Slide and UK Weighs Emergency Measures
Brent crude headed for its biggest monthly rise since 1988 after Houthi attacks on Israel and Trump’s remarks on seizing Iranian oil rattled markets. German inflation rose to 2.8% in March, and UK petrol hit 152 pence a litre. Japan’s Nikkei fell 2.8%, while London’s FTSE 100 gained 0.6%. EU energy ministers plan emergency talks Tuesday as Shell warned of possible refined fuel shortages in April.