US Edition
Oil steadies and Asian stocks are mostly lower on mixed signs on Iran
Oil prices rose about 40% since the Iran war began as Tehran rejected a U.S. ceasefire and maritime disruptions tightened supply, while Asian stocks mostly declined.
- Asian stocks fell and oil prices climbed back to around $100 per barrel on Thursday as uncertainty over Iran war de-escalation persisted.
- The conflict, now in its fourth week, has kept the Strait of Hormuz closed, disrupting a crucial waterway that typically transports one-fifth of the world's oil supply.
- Tehran dismissed a U.S. ceasefire plan on Wednesday, while President Donald Trump delayed a self-imposed deadline to "obliterate" power plants to force the Strait of Hormuz to reopen.
- As Israel conducted airstrikes on Tehran, Iran launched further attacks on Israel and Gulf Arab countries, prompting the U.S. to prepare deploying additional troops to the region.
- Reflecting market instability, gold dropped 0.8 per cent to $4,513 per ounce, while US-listed shares of Arm Holdings jumped 16.4 per cent following a chip-launch announcement.
82 Articles
82 Articles
Oil price steadies for now but cost of petrol soars around the world
The price of a barrel of oil has steadied with signs the US is open to ending the war against Iran, even if the Strait of Hormuz remains closed. But at the petrol pump, consumers are still paying the price for the global supply chain disruption.
Indices on central Asian stock exchanges are mostly in the red today. While some optimism emerged during trading following news that US President Donald Trump is ready to withdraw the United States from the war against Iran even without opening the Strait of Hormuz, this was then dampened by great uncertainty due to the war situation in the Middle East.
Idaho State Journal
World shares fall and oil climbs over Iran war de-escalation uncertainties
World shares are lower and oil prices have risen again as a de-escalation of the Iran war remains uncertain. U.S. futures are down 0.6%. Brent crude, the international standard, rose more than 3% to around $100 per barrel on Thursday.…
The Bakersfield Californian
Asian stocks fall and oil climbs again over Iran war de-escalation uncertainties
Asian stocks are lower and oil prices have risen as a de-escalation of the Iran war remains uncertain. U.S. futures are down 0.5%. Brent crude, the international standard, rose more than 3% to around $100 per barrel on Thursday. Meanwhile…
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