Israel's conflict with Iran takes focus
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The initial round of Israeli attacks sent oil prices 7 percent higher on Friday. Still, at about $74 a barrel, Brent crude remains below the $80 average for 2024, the Deutsche Bank analysts wrote. The market continued to waver, though, and by Monday, oil prices had fallen about 3 percent.
In their fourth day of fighting, with no end in sight, ripples from the Israeli-Iranian conflict are beginning to rock global supply chains. Some oil tanker owners and managers have paused offering their vessels for Middle Eastern routes as they assess the risks,
Investors are regaining some appetite for risk amid rising optimism that the conflict won't spill over into a broader regional crisis.
Global investors may be underpricing the impact of a conflict between Israel and Iran, market watchers warned on Monday, as stocks rallied despite escalating warfare in the Middle East.The two regional powers continued trading fire on Monday,
Israel's conflict with Iran represents far more than another Middle Eastern crisis—it marks the emergence of a dangerous new chapter in nuclear rivalries that has the potential to reshape global proliferation risks for decades to come.
Stock futures rebounded slightly early Monday as the spike in oil prices due to the escalating conflict between Israel and Iran eased for a moment. Stock gains were muted as investors remained concerned about the rising geopolitical risk to the global economy.
Italian Foreign Minister Antonio Tajani calls on Israel to resume dialogue through negotiations and urged Iran to both return to negotiating table and ensure Strait of Hormuz remains open - Anadolu Aj
Israel and Iran bombarded each other for a third day, with international concern growing that the conflict will spread across one of the world’s key oil-producing regions.
A dramatic spike in the potential for all-out war between Israel and Iran would typically be expected to spark an immediate and strong rally in the U.S. dollar, with investors seeking the safety and liquidity of the world's reserve currency.
The Centre for the Promotion of Private Enterprise (CPPE) says the ongoing conflict between Israel and Iran could trigger significant economic disruptions for Nigeria
An exchange of strikes on refineries and gas facilities was limited but raised the risks to an industry with broad economic impacts.