RIYADH: The impact of the war on Iran on global markets is set to be made clear today as numerous exchanges across the world open for the first time since the US-led attack began on Saturday. Oil prices surged by as much as 13 percent on Monday after shipping in the crucial Strait of Hormuz was disrupted by retaliatory Iranian attacks. In the Middle East, the UAE and Kuwait temporarily closed their stock markets citing “exceptional circumstances.” For Europe, EUROSTOXX 50 futures shed 1.3 percent and DAX futures slid 1.4 percent. FTSE futures fell 0.6 percent.

Global investors reacted to the weekend strikes in the Middle East by selling U.S. stocks in futures markets. Some assets may benefit, however.

Brent crude rose by 13% during early trading and stock markets came under pressure as US-Israeli strikes on Iran raised fears of disruption

Asian markets started the day lower across the board, with major markets in the region in negative territory.

RIYADH: The impact of the war on Iran on global markets is set to be made clear today as numerous exchanges across the world open for the first time since the US-led attack began…

JEDDAH: Oil prices surged by as much as 13 percent on March 2 after retaliatory Iranian attacks disrupted shipping in the Strait of Hormuz, following Israeli and US strikes on…

RIYADH: Global markets plunged on March 2 after US and Israeli strikes on Iran triggered Gulf-wide retaliation, disrupting energy and financial hubs and rattling investors…

Oil prices soared at the opening of the markets on Monday as traffic through the Strait of Hormuz, a vital artery for the movement of crude oil, faces serious disruption.

European indexes dropped around 2% at open, hit by a 10% jump in Brent crude prices and a 23% surge in gas prices. Defense companies and oil majors are benefiting from the war in…

Oil prices continue to rise Iran's Revolutionary Guard says it has closed the Strait of Hormuz,

The escalating war in the Middle East has ratcheted up fears of prolonged disruption to global trade via key maritime corridors.

The price of crude oil rose to $80 a barrel and the price of natural gas jumped 30% after Iran effectively sealed off the strategic Strait of Hormuz.

LONDON: Oil prices rose 3 percent on Wednesday as the US-Israeli war on Iran disrupted Middle East supplies, but the pace of gains slowed from past sessions after President…