Global markets after Iran strikes: oil surges, airlines sink, bonds defy safe-haven playbook
Asian markets started the day lower across the board, with major markets in the region in negative territory.
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Asian markets started the day lower across the board, with major markets in the region in negative territory.
European stocks are expected to start the new trading week firmly in negative territory.
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The U.S.-Israel conflict with Iran is extending into its third day with each side pledging escalation.
Oil futures on Monday jumped by over 8%, with West Texas Intermediate futures and Brent trading at $72.52 and $79.04 per barrel respectively.
So, what's the plan?
Investors will grapple with how to trade the fallout of the U.S. and Israel's joint action in Iran.
It is unclear who is governing Iran, the fourth-largest oil producer in OPEC, after U.S.-Israel strikes killed Ayatollah Ali Khamenei.