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Your email address will not be published.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

Govt announces power subsidy for export industries

On Thursday, Finance Minister Ishaq Dar endorsed a power subsidy package for…

Pakistan repays $1 bln in Eurobonds

Pakistan has repaid $1 billion in Eurobonds as a scheduled payment ahead…

In a first, Pakistan starts export of SUVs to Africa

Master Changan Motors Ltd (MCML), a joint venture between Pakistan’s Master Group…

Hike in diesel, petrol prices challenged in LHC

A petition was filed in the Lahore High Court (LHC), challenging the…