Oil prices surge amid mixed signals on US-Iran peace talks
Oil prices surged five percent on Monday as investors monitored escalating tensions between Iran and the United States, with the ceasefire set to expire on Wednesday.
UK Foreign Secretary Yvette Cooper warned in Japan that the Strait of Hormuz blockade is affecting global energy, economic and national security, emphasising the urgent need to reopen the waterway. Despite the energy supply concerns, major Asian equity indexes advanced, with South Korean markets recovering losses incurred since the start of the conflict.
Analysts suggest investors may have priced in the worst-case scenario, though any shift in the standoff could trigger fresh volatility across the region.
Al Jazeera’s Patrick Fok reports from Singapore.
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#IranWar #USIranTalks #USIranCeasefire #OilPrices #BrentCrude #StraitOfHormuz #USIranTensions #SouthKorea #India #Singapore #AsianMarkets #EnergySecurity #GlobalSupplyChains #AlJazeeraEnglish
26 Comments
Thanks for supporting Israel đ
Iran has a major problem, of fighting an honest war whilst it's opponents are playing every level of sabotage.
trump is giving positive vibes during week days and then playing a separate deck of cards over weekends to play the markets, the guy sees the globe as a giant CASINO
What peace talk? The one Vance try to push Trump ideas??? And without Iran delegations come?
It's time for Iran to lay explosives on ever cargo ship entering and exiting the strait..and the only time those explosives defuse is when they have reached their correct destination…
Placing on random ships should give the Americans something to worry about sincerely
Even for Iran to announce there could be explosives on the cargo ships, will be enough to get the US army something to worry about
by the politics of Donald Trump American oil companies making money and European are paying the prices by inflation!
Trump is a failed Commander in Chief and a terrible negotiator.
Iran is right and following legal ways, till now in all his aspects. Strait of Hormuz is Iran and Oman Water, not Internationals water. Iran and Oman has the right to put toll. It is quite legal, such as Panama canal and Suez Canal.
UAE đĻđĒ starting business with yuan no lore dollar đĩ đthanks MR. Trump stop that crazy Israeli war đ
That guy hopes oil reached it's high mark already. *Rump administration says, "here hold my beer". Iran and Israel are holding all the cards and *Rump is throwing a temper tantrum again. This ain't even close to being as bad as it will get.
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đđđđđ
The cause and foundation of the problem is Italy and France Paris,, America,, in jesus mighty name Amen, Salam Aleikum, wa Aleikum Salam,,,
Has anyone seen Mojtaba Khamenei ?
The rump is to weak to go to negotiations, he changes his mind more than his diapers!
đ¨đŗđŽđˇ
Looks like the gilf and US are enjoying the music played by Iran, good for them , Iran had warned this will happen before the war started, so lame , they call themaelf leader đ đ đđ
Arab countries should stop trading oil in dollars, America will go bankrupt in a month.đĢĄđŗđĒđŽđˇđŽđˇ
Imagine goin to war.for Israel smfh
we really need to end oil dependence from the middle east
Thanks trump
Everyone is has higher gas prices but it has to be done so everyone will be safe
Zionism is Terrorism
it's not Iran's war. it's Trump's war. give credit to the moron that started it!!