Oil prices soar, stocks slide after Israel strikes Iran

Oil prices soared and stocks sank Friday after Israel launched strikes on nuclear and military sites in Iran, stoking fears of a full-blown war.

Oil futures rocketed more than 13 percent at one point, reaching the highest levels since January and reigniting worries about a renewed spike to inflation.

Fears of a higher-cost environment sent share prices sliding for a majority of companies across Asia and Europe.

Energy majors jumped, however, as despite a pullback heading into the Wall Street…