US EditionUS Stocks Fall Again as Iran Worries Lift Oil Prices
Oil prices rose 1.4% as unrest in Iran, including funerals for over 100 security forces, raised concerns about supply disruptions and geopolitical risks.
- On Wednesday, oil prices rose further as traders reacted to political instability in Iran, lifting Brent North Sea Crude and West Texas Intermediate by 1.4.
- In Tehran, a funeral began on Wednesday for over 100 security forces killed in protests, while analysts said traders watch unrest and possible US intervention threatening oil supply.
- European and Asian stock markets mostly gained on Wednesday, with Tokyo up and Frankfurt down, while Joshua Mahony said `We are seeing a shift in sentiment that could see European and Asian equities gain ground on their US counterparts`.
- The shift lifted safe-haven gold to a record high and weighed on the dollar, while British energy giant BP revealed a $5 billion write-down tied to its energy transition.
- Amid geopolitical uncertainty, global trade shows resilience as traders await a US Supreme Court ruling on President Donald Trump's tariffs, while China said its trade last year reached a 'new historical high'.
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49 Articles
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finanzen100.deWhile the oil markets have reacted relatively calmly in the case of Venezuela, the unrest and a possible escalation in Iran provide for significantly more nervousness. Right?
Daily Journal
Oil prices extend gains on Iran unrest
Oil prices rose further Wednesday on the political instability in major crude producer Iran, helping safe-haven gold to a new record high and weighing on the dollar.
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