Oil Prices React to U.S.-Israel-Iran Conflict

[gwolf666]

Oil prices reacting to the U.S.-Israel-Iran conflict is notable. Personally, I think it reflects the fragility of global markets. What surprises me is the speed of fluctuations. For me, the most important aspect is stability—economies depend on energy. I believe this reaction will shape strategies. In the end, prices are not just numbers, they are reflections of risk.

 

[Webster]

(The Guardian) Oil prices soared and stock markets came under pressure on Monday after intense US-Israeli strikes on Iran prompted fears of significant global economic disruption, reports the Guardian's Callum Jones.

Brent crude jumped by as much as 13% during early trading – to hit $82 per barrel, a 14-month high – as the effective closure of the strait of Hormuz, one of the most important arteries for global trade, intensified concerns over oil supplies. In Tokyo, the Nikkei 225 fell by nearly 2.4% as traders in Asia responded to the weekend’s developments. It later pulled back, to trade down 1.5%. Pre-market trading also put Wall Street on course to open lower on Monday.

In Sydney the ASX 200 opened down sharply, before recovering, to trade about 0.4% lower. In Shanghai the CSI 300 fell 0.6%

Gold, often deemed a safe-haven asset by investors during times of crisis, rose 2.8% to $5,397.10 an ounce.

Oil prices rise as Iran war threatens shipping through strait of Hormuz

Brent crude jumped by 13% during early trading and stock markets came under pressure as US-Israeli strikes on Iran raised fears of disruption

www.theguardian.com