00:00Oil prices soared on Friday while stocks fell over concerns that Israel's attack on Iran could spiral into a wider war and damage the flow of crude around the world.
00:12Iran is one of the world's major oil producers and China its largest customer.
00:17Despite Western sanctions, a slowdown in Iranian oil could keep the price of crude and gasoline higher for buyers everywhere.
00:25It was a different story for stocks, which fell across the globe.
00:31On Wall Street, the Dow Jones Industrial Average was down 1.4% at 10am but recovered some losses as the morning went on.
00:39Europe saw similar losses, with airlines the worst performing sector.
