Oil prices surged more than three percent in early Asian trade on Friday following unconfirmed reports of explosions in Iran, Syria, and Iraq, sparking fears of an escalation of the Middle East crisis. West Texas Intermediate jumped 3.66 percent to $85.76, and Brent rose 3.44 percent to $90.11. The reports come after a missile attack on Israel by Iran last weekend that Israel's army chief General Herzi Halevi warned would be met with a response.
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