Iran War Intensifies, Threatening European Farmers and Global Economy
Oil prices surge past $100 a barrel as the Iran war intensifies, disrupting transit through the Strait of Hormuz and causing mixed reactions in stocks. European farmers and consumers could face high costs due to the closure of a key route for fossil fuels and fertilizers caused by the attack on Iran, with geopolitical factors and oil prices now overshadowing inflation data for investors.
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Oil rises further above $100, stocks mixed as Iran war rages
Oil prices surge past $100 a barrel as the Iran war intensifies, disrupting transit through the Strait of Hormuz and causing mixed reactions in stocks. Read More: https://punchng.com/oil-rises-further-above-100-stocks-mixed-as-iran-war-rages/
By Punch Newspapers
Read full article →Oil rises further above $100, most Asian stocks fall as Iran war rages
Oil prices jumped further above $100 Monday and Asian stocks mostly fell as the Iran war moved into a third week with both sides showing no sign of backing down and diplomats trying to ensure safe passage for tankers through the crucial Strait of Hormuz. The post Oil rises further above $100, most Asian stocks fall as Iran war rages appeared first on Vanguard News.
By Ayobami
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