US EditionOil prices hold above $100 and Wall Street rebounds as US exchanges strikes with Iran
Oil prices climbed about 40% since the war began, driven by Strait of Hormuz disruptions and ongoing conflict between Iran, Israel, and Gulf allies, analysts said.
- Oil prices rose above $98 per barrel amid ongoing conflict between the U.S. and Iran, with the Strait of Hormuz remaining largely closed, affecting global oil supply.
- Asian stock markets mostly declined due to uncertainty about de-escalation in the Iran conflict, while Wall Street stocks rebounded with gains in the S&P 500, Dow Jones, and Nasdaq.
- Tehran rejected a U.S. ceasefire proposal as the conflict continued, with ongoing attacks and preparations for more U.S. troop deployments in the Middle East.
- The Strait of Hormuz remains largely closed, disrupting a critical oil passageway and contributing to tensions affecting maritime traffic and energy supplies.
106 Articles
106 Articles
Oil price steadies for now but cost of petrol soars around the world
The price of a barrel of oil has steadied with signs the US is open to ending the war against Iran, even if the Strait of Hormuz remains closed. But at the petrol pump, consumers are still paying the price for the global supply chain disruption.
Indices on central Asian stock exchanges are mostly in the red today. While some optimism emerged during trading following news that US President Donald Trump is ready to withdraw the United States from the war against Iran even without opening the Strait of Hormuz, this was then dampened by great uncertainty due to the war situation in the Middle East.
Idaho State Journal
World shares fall and oil climbs over Iran war de-escalation uncertainties
World shares are lower and oil prices have risen again as a de-escalation of the Iran war remains uncertain. U.S. futures are down 0.6%. Brent crude, the international standard, rose more than 3% to around $100 per barrel on Thursday.…
The Bakersfield Californian
Asian stocks fall and oil climbs again over Iran war de-escalation uncertainties
Asian stocks are lower and oil prices have risen as a de-escalation of the Iran war remains uncertain. U.S. futures are down 0.5%. Brent crude, the international standard, rose more than 3% to around $100 per barrel on Thursday. Meanwhile…
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