Global stocks diverge, oil rises after fresh US-Iran clashes
3 Articles
3 Articles
Global stocks diverge, oil rises after fresh US-Iran clashes
Global stock markets diverged and oil prices rose Friday as fresh US-Iran clashes in the Strait of Hormuz jolted hopes for a deal to end the Middle East war and reopen the crucial waterway. While European bourses retreated, the S&P 500 and Nasdaq indices both pushed to fresh records on solid US jobs numbers. The Dow ended flat. "No negative news sticks to this bull market, and it just keeps working its way higher," said CFRA Research's Sam Stova…
Oil rises by 3% after Iran claimed to have attacked a U.S. warship; United States denies report Oil prices rose by more than 3% on Monday after Iran claimed to have attacked a U.S. warship and forced it to turn around before entering the Strait of Ormuz, although the U.S. denied that no U.S. ship had been attacked. Brent oil futures rose by $3.64, or 3.4 per cent, to $111.81 per barrel at 11:24 GMT, after closing Friday with a $2.23 drop.
Chaos has flared up around the Strait of Hormuz, with the United States attacking Iranian military targets after Iran fired missiles, drones and small warships at three American destroyers. Oil prices are rising slightly on the news, while Asian stock markets have fallen, and declines are also seen in Europe, and the mood is not helped by Donald Trump's renewed mention of tariffs. Investors are paying attention to MOL at home, the oil company pu…
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