Stocks fall, oil rallies
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British equities opened lower on Tuesday with the ongoing hostilities between Iran and Israel weighing on market sentiment, and causing an investor shift to safe-haven assets.
As tensions escalate between Israel and Iran, North Texas energy experts are closely monitoring the impact on global oil markets — and warning that rising prices at the pump may not be far behind.
Blasts have been heard in Tehran and sirens have sounded in Israel as US president convenes National Security Council.
Middle East is causing a surge in oil prices, which may lead the South African Reserve Bank to reconsider its interest rate cuts. This article explores the implications of geopolitical tensions on inflation and monetary policy.
Emerging Asian currencies weakened on Tuesday against a largely steady dollar, as conflict in the Middle East kept investors on edge, while focus was also on central bank rate decisions this week.