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Global Markets: Asian stocks fall as Iran war keeps oil at $100, upends rate outlook
SINGAPORE: Asian stocks slumped on Friday, poised for a second straight weekly decline as fast-dwindling hopes of a resolution to the US and Israel’s war with Iran kept oil prices aloft, casting a shadow over global markets and spurring inflation fears. The US dollar has become the safe-haven of choice during the tumult, putting most other currencies under pressure. The dollar was set for a second consecutive week of gains and is up 2 percent since the war broke out at the end of February.
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arabnews.com
Global Markets: Asian stocks fall as Iran war keeps oil at $100, upends rate outlook
SINGAPORE: Asian stocks slumped on Friday, poised for a second straight weekly decline as fast-dwindling hopes of a resolution to the US and Israel’s war with Iran kept oil…
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huffpost.com
Stocks Fall As Iran War Keeps Oil Just Above $100, Upends Rate Outlook
Oil prices moderated somewhat after the U.S. issued a 30-day license for countries to buy sanctioned Russian oil and petroleum products that were stranded at sea.