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CNBC Daily Open: Hostilities Heat up, Market Rally Cools

On Thursday, global stocks and bonds declined while oil prices surged as fresh Middle East attacks and conflicting signals from the United States and Iran regarding a potential peace deal rattled investors.
American forces launched fresh strikes against an Iranian military site near the Strait of Hormuz, while intercepting multiple one-way Iranian attack drones, deepening the four-month conflict.
Brent crude climbed more than 3% to above $97 a barrel as the latest clashes demonstrated the difficulty of resolving the war, despite earlier optimism regarding a potential ceasefire.
U.S. Secretary of State Marco Rubio said negotiating a deal could "take a few days," while President Donald Trump stated he was "not satisfied" with ongoing talks, damping hopes for immediate breakthroughs.
Market participants are focusing on Thursday's release of the personal consumption expenditures index, as investors weigh how elevated energy prices and inflation risks might influence the Federal Reserve's policy path.

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13 Articles

Michael West

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Business News

Left

Shares drop and oil surges as US, Iran trade strikes

Australian shares have had their worst day since mid-March after a re-escalation in the US-Iran conflict dimmed peace deal hopes and boosted oil prices. The S&P/ASX200 fell 124.8 points on Thursday, down 1.43 per cent, to 8,592.9, as the broader All Ordinaries dropped 125.6 points, or 1.4 per cent, to 8,819.6. Gold fell to a two-month low and oil surged more than three per cent after Iran’s Revolutionary Guard claimed to have targeted a US milit…

2 days ago·Australia

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Tagesschau

Center

Market Report: New US Attacks in Iran Dampen Optimism

The US and Iran have once again launched mutual attacks in the Straits of Hormus, which dampens the hope of a peace agreement - and makes oil prices rise again.

2 days ago·Hamburg, Germany

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CNBC

Lean Left

CNBC Daily Open: Hostilities heat up, market rally cools

Stocks in Asia sink and oil prices rally as the U.S. and Iran trade fresh strikes and intercept drone attacks.

2 days ago·Englewood Cliffs, United States

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Bloomberg

Lean Left

Stocks Drop, Oil Spikes on Renewed Attacks in Middle East

Get caught up.

2 days ago·New York, United States

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SWI swissinfo.ch

Lean Left

Asian Stocks Drop, Oil Gains on Fresh Iran Strikes: Markets Wrap

(Bloomberg) -- Asian equities eased from all-time highs after conflicting signals from the US and Iran on prospects for a deal to end the war. Crude oil gained.

2 days ago·Bern, Switzerland

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