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Your email address will not be published.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-Howland trade grows in FY21

The State Bank of Pakistan (SBP) reported that Pakistan’s trade with Howland…

‘Pakistan can ride out rising external account pressure’: Governor SBP

State Bank Governor Dr. Reza Baqir said that he believed the country…

Saudi shares on a rise amidst Covid-19 surge

On Jan 2, It was reported that Saudi Arabian shares began 2022…

Noted industrialist S M Muneer passes away

Karachi: Renowned business tycoon and Korangi Association of Trade and Industry (KATI)…