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Stocks Rise and Oil Slips on Middle East Diplomacy Efforts Ahead of Big Tech Earnings
Regional stocks climbed as Saudi, Turkish and Pakistani officials held talks in Tehran and Brent crude fell 1.67% on easing war fears.
- On Tuesday, global stocks rose as diplomatic efforts to de-escalate the Middle East conflict gathered pace, following high-level talks in Tehran between Iran, Saudi Arabia, Turkey, and Pakistan.
- The US-Israeli war with Iran has spread to Saudi Arabia and Yemen, creating acute tensions and shipping disruptions around the Strait of Hormuz that threaten global energy supplies.
- Brent crude futures settled down 1.67 per cent at $113.88 a barrel on Tuesday, while investors weighed mixed quarterly earnings reports from companies reporting throughout this week.
- Parliamentary elections in Israel on Tuesday could determine Prime Minister Benjamin Netanyahu's political future and influence conflict policy with Iran, analysts noted.
- UBS analysts expect Brent to remain elevated near $110 through year-end, citing geopolitical uncertainty and a significant risk premium as markets watch for potential escalation in the coming weeks.
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29 Articles
29 Articles
(New York = Yonhap News) Correspondent Kim Yeon-sook = International oil prices fell on the 27th (local time) due to expectations of progress in peace talks in the Middle East.
·Seoul, Korea (the Republic of)
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Prices of the crude oil fell further on Tuesday, the market measuring diplomatic efforts in the Middle East, while monitoring clashes between the Yemeni Houthis and the Saudi-led coalition. ...
·Brussels, Belgium
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Most equity markets in the Gulf region were closed at an altitude, today Tuesday, amid diplomatic efforts to reduce escalation in the Middle East, and gains in the shares of a number of large companies.
·Syrian Arab Republic (the)
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Total News Sources29
Leaning Left2Leaning Right3Center4Last UpdatedBias Distribution45% Center
Bias Distribution
- 45% of the sources are Center
45% Center
L 22%
C 45%
R 33%
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