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Your email address will not be published.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

Digitisation to contribute $60bn to Pakistan’s economy: Report

Digitisation can contribute $60 billion to Pakistan’s economy and provide innovative employment…

Saudi Arabia halts fuel supply to PIA

The fuel supply has been suspended to the Pakistan International Airlines (PIA)…

Imran Khan suggests China-inspired policy of waste import ban

PM Imran Khan directed the concerned authority to constitute an effective plan…