WASHINGTON (HRNW) – Following reciprocal missile strikes between the United States and Iran, crude oil prices in the global market have witnessed another surge. In the international market, Brent crude oil traded at $98 per barrel, while West Texas Intermediate (WTI) crude oil traded at $95 per barrel.
Concurrently, Asian and European stock markets exhibited a mixed trend. In Pakistan, the Pakistan Stock Exchange (PSX) Benchmark 100-Index closed at the level of 170,190 points after shedding 831 points.
On the global front, stock markets in Germany, France, the United Kingdom, Hong Kong, and India experienced a downturn. Conversely, Japan’s Nikkei Index bucked the trend, closing with a gain of over 2%.
According to market experts, the escalating tensions in the Middle East have sustained an atmosphere of uncertainty across global financial and energy markets.
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