Oil prices jumped and stocks mostly fell Tuesday after US President Donald Trump abruptly departed G7 talks to monitor the conflict between Israel and Iran and called for Tehran residents to evacuate. Investors’ optimism the previous day that the conflict would not spread throughout the Middle East gave way to fears of further escalation as the conflict entered its fifth day. “Middle East tensions are showing no signs of easing back, putting investors on high alert,” said Russ Mould, investment director at AJ Bell.

Leave a Reply

Your email address will not be published. Required fields are marked *

You May Also Like

Pakistan bans export of 212 items to Afghanistan

The Ministry of Commerce has banned the export of 212 items to…

RLNG cargoes arrive in Pakistan, easing gas crisis

In a recent development, multiple cargoes of Regasified Liquefied Natural Gas (RLNG)…

Pak Suzuki announces motorcycle plant shutdown

Pak Suzuki Motor Company Limited has once again announced its motorcycle plant…

Pakistan seeks oil deal with Russia as energy ministries hold talks

Pakistan and Russia are in talks on a potential oil-sector agreement, Finance…