Middle East, Oil
Digest more
Iran, Israel and oil market
Digest more
Top News
Overview
Impacts
It's often more important in times of heightened tensions in the Middle East to look more at what is not happening, rather than fixating on the dramatic headlines of tit-for-tat air and missile strikes between Israel and Iran.
Asset managers chase $12 trillion Middle East opportunity with local offices, strategic partnerships
Asset managers continue to go all in on the Middle East, opening offices in the emirates and putting high-level boots on the ground. But as competition increases for pieces of the huge pools of capital they are all chasing,
6hon MSN
Asia stock markets were little changed on Monday, following Friday’s sharp sell-off on Wall Street amid escalating Middle East tensions and global economic concerns. Investors digested a batch of mixed Chinese economic data.
Market reactions to Israel’s attack on Iran weren’t all that surprising Friday – with one key exception. That aberration signals where traders’ real fears seem to lie. Stocks fell, as one would expect,
Platinum fell by the most in more than three years as market tightness began to ease and conflict in the Middle East prompted global investors to reduce risk.
Rising Middle East tensions have driven oil prices higher, potentially boosting Texas Pacific Land's future earnings. Read why TPL stock is a hold for now.
Live Updates Live Coverage Has Ended Friday Wrap-up 4:36 pm The Vanguard S&P 500 ETF closed Friday at 548.77, down 1.1%. Forget About a Rate Cut, Says JPMorgan 12:15 pm JPMorgan Chief U.S. Economist Michael Feroli tells investors to expect nothing new out of next week’s Federal Reserve meeting.
What Happened in Markets Today Israel launched a broad air campaign against Iran, targeting its nuclear capabilities and military/political leadership. Markets were rattled after Israel said it had detected dozens of missiles launched from Iran and was working to intercept them.
The price of Dubai swaps, which is a contract settled against physical prices of Dubai crude, rose 5.8% on June 13 to end at $71.03 a barrel. The gain of $3.86 a barrel for Dubai swaps contrasts with the $4.87 jump for Brent contracts.
The Israeli shekel suffered widespread selling on Friday along with some government bonds and equity markets across the Middle East after Israel launched missile strikes against Iran.