Oil price rises as markets question durability of Middle East ceasefire
Gas prices also increase, while global stock markets slip back after strong rally on WednesdayBusiness live – latest updatesOil and gas prices rose on Thursday and Asian stock markets retreated...
By Julia Kollewe · The Guardian World
Gas prices also increase, while global stock markets slip back after strong rally on Wednesday Business live – latest updates Oil and gas prices rose on Thursday and Asian stock markets retreated as the two-week ceasefire in Iran looked increasingly shaky , with Israel continuing attacks on Lebanon and the US and Iran threatening a return to military action. A day after the US and Iran announced an 11th-hour ceasefire , including an agreement to reopen the strait of Hormuz, many questions remain and there were signs that the truce was already being broken, causing jitters in the markets. Continue reading...