Oil prices jump on toughening US posture on Iran as US stocks advance

NEW YORK, United States — Global stock markets rose Wednesday as traders assessed company earnings and economic data. Meanwhile, oil prices surged more than four percent on a toughening US posture towards Iran. All three major US indices advanced, with the broad-based S&P 500 winning 0.6 percent. READ: PSEi snaps 3-day slide amid bargain hunt, rate-cut