Oil surges as Iran ceasefire hangs in the balance, but Asian markets defy the gloom

Oil surges as Iran ceasefire hangs in the balance, but Asian markets defy the gloom

Oil prices jumped and US stock futures fell on Monday as mounting tensions over a seized Iranian cargo ship cast fresh doubt on the Middle East ceasefire, though Asian equity markets largely shrugged off the risks, with Taiwan’s shares touching a record high. Brent crude futures rose around 6% to $95.36 a barrel, while S&P […]

By Newsroom