Middle East, Oil
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British equities opened lower on Tuesday with the ongoing hostilities between Iran and Israel weighing on market sentiment, and causing an investor shift to safe-haven assets.
As tensions escalate between Israel and Iran, North Texas energy experts are closely monitoring the impact on global oil markets — and warning that rising prices at the pump may not be far behind.
Blasts have been heard in Tehran and sirens have sounded in Israel as US president convenes National Security Council.
Federal Reserve policymakers will begin a two-day meeting on Tuesday with escalating tensions in the Middle East risking a new commodity price shock and fresh US data expected to show a drop in retail sales and sluggish factory output in May.
Asian Markets stared the trading week on a optimistic note with most of the indices closing in green amid geopolitical tensions.
1don 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.