Crude prices surge, stocks sink as Iran warns of regional energy strikes

After spending much of Wednesday hovering around $100, crude soared as Tehran threatened to target regional installations in reply to what it said was an Israeli hit on a site serving its massive South Pars field, which it shares with Qatar. Abu Dhabi later shut down operations at a gas facility due to falling debris from missile interceptions, while Qatar's Ras Laffan site was hit, with QatarEnergy saying emergency teams had been "deployed immediately to contain the resulting fires". Iranian...