Rolling coverage of the latest economic and financial news
The oil price is climbing back towards the $100 a barrel milestone, after new missile strikes in the Middle East today.
Brent crude, the international benchmark, has jumped by 4.8% to $97.60 a barrel, after Iran launched missiles at Israel on Sunday in response to Israeli strikes on Beirut’s southern suburbs.
Things could get a bit hairier today in the markets after a flare-up in geopolitical tensions over the weekend.
Iran launched strikes on Israel for its attacks on Hezbollah targets in Beirut, leaving a nervous wait for the Israeli response. There is the heightened risk the war escalates again as peace talks between the US and a clearly emboldened Iran stall.
7am BST: German factory orders
4pm BST: US inflation expectations
Continue reading…Rolling coverage of the latest economic and financial newsThe oil price is climbing back towards the $100 a barrel milestone, after new missile strikes in the Middle East today.Brent crude, the international benchmark, has jumped by 4.8% to $97.60 a barrel, after Iran launched missiles at Israel on Sunday in response to Israeli strikes on Beirut’s southern suburbs.Things could get a bit hairier today in the markets after a flare-up in geopolitical tensions over the weekend.Iran launched strikes on Israel for its attacks on Hezbollah targets in Beirut, leaving a nervous wait for the Israeli response. There is the heightened risk the war escalates again as peace talks between the US and a clearly emboldened Iran stall.7am BST: German factory orders4pm BST: US inflation expectations Continue reading…