Oil Prices Rise Again After US–Iran Missile Exchanges

Global crude oil prices have increased again following reported missile exchanges between the United States and Iran, according to media reports. In the international market, Brent crude is trading at around $98 per barrel, while WTI crude stands at $95 per barrel. Meanwhile, mixed trends were observed in Asian and European markets. Pakistan Stock Exchange’s…

Global crude oil prices have increased again following reported missile exchanges between the United States and Iran, according to media reports.

In the international market, Brent crude is trading at around $98 per barrel, while WTI crude stands at $95 per barrel.

Meanwhile, mixed trends were observed in Asian and European markets. Pakistan Stock Exchange’s benchmark 100 Index fell by 831 points and closed at 170,190 points.

Stock markets in Germany, France, the United Kingdom, Hong Kong, and India also witnessed a downward trend. However, Japan’s Nikkei index rose by more than 2 percent.

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