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War in Iran: Global markets set to open as oil prices rise
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.
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usatoday.com
Oil jumps, stocks sell off as trading gets underway amid Iran strikes
Global investors reacted to the weekend strikes in the Middle East by selling U.S. stocks in futures markets. Some assets may benefit, however.
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cnbc.com
Asia-Pacific markets set to plunge after Iran strikes, oil futures spike by over 8%
Oil futures on Monday jumped by over 8%, with West Texas Intermediate futures and Brent trading at $72.52 and $79.04 per barrel respectively.
