Crude Prices Rise on US-Iran Strikes, Equities Mixed After Warsh Remarks
Oil climbed after U.S. forces struck Iranian launchers near the Strait of Hormuz, while Asian shares fell on expectations the Federal Reserve may raise rates.
- On Monday, Brent crude surged 2.9% to $90.61 per barrel while benchmark crude jumped 2.7% to $85.66, following military strikes on Iranian rocket launchers in the Strait of Hormuz.
- Oil prices surged about 3% after forces struck Iranian rocket launchers on the Strait of Hormuz, marking the first military action in the region in a month.
- Markets in Asia fell Monday on expectations the Fed may raise interest rates, with Fed Chairman Kevin Warsh stating Friday that "short-term interest rates are the predominant tool" for the central bank.
- The two-year Treasury yield jumped to 4.35% from 4.22% following Warsh's speech in Wyoming, while the 10-year yield climbed to 4.72% from 4.67% late Thursday.
- Shares in Chinese-founded giant Shein prepare for a Hong Kong trading debut on Tuesday, marking the city's largest offering this year, while the Nikkei 225 lost 0.4% and the Sensex in India slipped 0.6%.
22 Articles
22 Articles
Oil prices skyrocketed by more than 2% on Monday following a further upsurge in the US-Iran war, while the stock markets recorded mixed results, as the warlike comments of Federal Reserve President Kevin Warsh led investors to increase their bets on a rise in interest rates in the US. After a downward streak for most of last week, crude prices went off again on Monday, a day after the U.S. announced that it had attacked Iranian rocket launchers …
Asian shares, US futures retreat and oil prices surge after US strike on Iranian rocket launchers - Regional Media News
BANGKOK (AP) - Shares were mostly lower in Asia and U.S. futures also declined Monday on expectations that the U.S. Federal Reserve may raise interest rates soon. Oil prices surged about 3% after U.S. forces struck Iranian rocket launchers on the Strait of Hormuz, marking their first military action in a month. The Trump administration just days earlier had shifted its focus to economic pressure, and a return to open conflict would be dangerous …
Crude prices rise on US-Iran strikes, equities mixed after Warsh remarks
Oil prices spiked more than two percent Monday after a fresh flare-up in the US-Iran war, while stocks were mixed as hawkish comments from Federal Reserve boss Kevin Warsh saw investors ramp up bets on a US interest rate hike.
Brent crude jumped about 3 percent to above $90 a barrel on Monday in response to the exchange of military strikes between the United States and Iran overnight, with the United States reportedly striking Iranian missile launchers that could have been used to mine the Strait of Hormuz.
The largest increases in the Portuguese stock exchange go to Galp Energia, which values 1.44% for the 21.13 euros, followed by Banco Comercial Português (BCP) which rises 0.49% for the 1.12 euros, and Ibersol advances 0.39% for the 10.40 euros.
Oil Prices Rise, Stocks Drop As US, Iran Resume Strikes
The news revived concerns about the conflict, with attempts at peace talks appearing to be going nowhere and the strait -- through which a fifth of global crude and gas passes -- largely closed. The post Oil Prices Rise, Stocks Drop As US, Iran Resume Strikes appeared first on Channels Television.
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