Global markets lost optimism Tuesday as oil prices rose amid diplomatic deadlock between Tehran and Washington, following Trump's statements questioning the Middle East ceasefire's viability and threatening to block the Strait of Hormuz.
Oil prices rose 1.5 percent to $101.43 amid US-Iran military exchanges in the Strait of Hormuz, threatening their fragile ceasefire and straining global markets as the vital waterway remains effectively closed, disrupting a fifth of worldwide energy supplies.
Oil prices retreated Friday but posted sharp weekly gains as Iran-US tensions kept the Strait of Hormuz largely closed, disrupting roughly one-fifth of global crude supply and driving Brent crude up nine percent weekly amid escalating geopolitical risks.
Singapore stocks closed higher as the STI briefly broke past 4,300, with the index up 0.5 percent.
Iranian attacks on strategic plants have raised aluminum prices by 6%. This increase is due to logistical bottlenecks and military tensions.
UK natural gas prices fell 2% after a significant jump. The price decrease occurred in early trading on Friday.
The International Energy Agency intervened in the oil market, releasing 400m barrels. This move aims to address the largest disruption in oil market history, triggered by the Middle East war.
Oil prices surge 18% in a week due to Middle East crisis
Oil prices rose amid Middle East tensions as Trump signaled a stalled Iran cease-fire, while U.S. markets hit records Monday despite expected inflation data Tuesday potentially reaching 3.7%, threatening equity valuations if higher than forecast.
Global stocks surged while oil plunged over 10% Wednesday after reports of a U.S.-Iran peace deal, with AI-driven gains accelerating across markets as investors front-ran positive outcomes despite lingering uncertainty about final agreement prospects.
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Singapore stocks closed higher as the Straits Times Index briefly crossed 4,300 points, rising 0.5 percent to 4,298.51.
Middle East tensions escalate, causing oil and aluminium prices to surge. Oil prices increased by 5%, aluminium by 3%.
Iran tensions impact FTSE 100. Natwest shares fell 7% to 539.20p, a £3.5bn loss.
Oil prices fluctuate due to US Energy Minister's post, Ukraine shares drone takedown experience with Middle East.
Oil and gas price surge prompts investors to doubt interest rate cut by Bank of England due to inflation concerns
President Trump rejected Iran's peace proposal, triggering a 5 percent oil price surge as markets feared continued supply disruptions through the Strait of Hormuz, with crude climbing to $105.70 per barrel amid escalating geopolitical tensions.
Global stocks surged and oil prices plummeted after reports suggested the White House was nearing a peace deal with Iran, with Brent crude dropping 10.6% and major indices climbing on geopolitical optimism and artificial intelligence momentum.
Middle East stock markets experienced their worst decline since 2020 after Trump's tariff announcements and falling oil prices, with Saudi Arabia's Tadawul index dropping 6.78 percent, reflecting broader global trade concerns.
European shares ended a holiday-shortened week near record highs, supported by easing interest rates and fiscal spending.
Iran's oil passage via Hormuz is valued at $2b. This development involves the US, as it is described as a 'gift' for Trump.
US President Trump threatened to target an Iran energy site, causing oil prices to surge. Brent crude reached $113, a high since the conflict began.
Oil prices surge 30% to over $115/barrel amid Ukraine invasion