Oil jumped to the highest since October and US Treasuries rallied sharply on Friday, pulling yields from near year-to-date highs, as anticipated escalation of Middle East warfare stoked demand for havens.
An assault by Iran on Israel is expected to come as soon as the next 48 hours, which would mark a significant widening of the Middle East conflict that has roiled oil markets. Global benchmark Brent rallied above $US92 a barrel. Futures have surged 19 per cent this year with the war adding risk premium to the market.
