US EditionStocks Mostly Decline as the Iran War Standoff Pushes Oil Prices Higher
Brent crude rose 3.1% to $105.07 a barrel as stalled U.S.-Iran talks kept supply fears alive, analysts said.
- Asian stocks mostly fell Friday while oil prices extended gains as peace negotiations between the United States and Iran remained stalled.
- Tensions escalated after the United States imposed a blockade on Iranian ports last week, prompting Iran to attack three ships and seize two in The Strait on Wednesday.
- On Thursday, President Donald Trump ordered the military to "shoot and kill" small Iranian boats in The Strait, following his Tuesday announcement that the United States was extending a two-week ceasefire.
- Brent crude prices rose 3.1% on Thursday to settle at $105.07, reflecting pressure on global energy supplies since the war began Feb. 28.
- Despite the instability, Wall Street has maintained record highs supported by strong corporate earnings, with ING Bank analysts suggesting markets remain patient as optimism builds that the conflict will end soon.
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43 Articles
The Toronto Star
Asian stocks slip, tracking Wall Street losses, and Iran war doubts push oil higher
HONG KONG (AP) — Asian stocks were mostly lower and oil prices extended their gains Friday as talks on ending the war between the U.S. and Iran remained stalled.
Stocks mostly decline as the Iran war standoff pushes oil prices higher
World shares were mostly lower while oil prices pushed higher Friday as talks on ending the war between the U.S. and Iran remained stalled.U.S. futures also wavered after Wall Street pulled back from its all-time highs. The future for the S&P 500 edged 0.1% higher, while that for the Dow Jones Industrial Average lost 0.2%.In early European trading, Germany's DAX lost 0.2% to 24,106.17 and the CAC 40 in Paris dropped 1% to 8,147.70. Britain's FTS…
Asian Markets: Asian stocks today: Markets retreat after record highs as oil surge, Iran tensions weigh on sentiment - The Times of India
International Business News: Asian markets slipped on Thursday after briefly hitting record highs, as rising oil prices and uncertainty over US-Iran peace talks dampened investor .
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