Home>News>Economy>The market reacted sharply to the aggravation of the conflict between the United States and the Middle East

The market reacted sharply to the aggravation of the conflict between the United States and the Middle East

Economy
06.01.2020
72
The market reacted sharply to the aggravation of the conflict between the United States and the Middle East

For the first time since September 2019, a barrel of Brent crude oil has exceeded the cost of $70, according to Forbes. At the moment, the price is $70.23, which is 2.38% more expensive than on the last trading day. A barrel of WTI crude oil rose in price by 2.06%, now it costs $64.35.

Gold is also becoming more expensive, the price for an ounce reached $1.579, which is 1.5% more costly. Over the past six years, this is its maximum price.

All this show a reaction of the economy to the conflict in the Middle East. Namely, the assassination of General Qasem Soleimani on the orders of US President Donald Trump. The White House and Tehran, due to the incident, began to make mutual threats.

Peter Dragisevich, an economic analyst at the Suncorp Group, expressed his dissatisfaction with what is happening. According to him, the market was just starting to hope for a resolution of trade wars, as the United States inflicted a new blow, thereby stirring up geopolitics.

The Iranian authorities noted that in spite of the attack, it doesn’t intend to stop limiting the nuclear deal and will fulfill the agreements in return of lifting the sanctions.

The parliament of Iraq voted to withdraw all foreign forces from its land.

Trump threatened to impose even greater sanctions. According to him, he spent too much money on the construction of an air base in Iraq to just leave this land.

Author:Елена
07.07.2021, 09:39
44
3 High-Dividend Stocks For A Low-Rate Environment As Treasury Yields Sink
22.09.2021, 09:54
116
Germans undecided on whether Merkel’s CDU heir can fill her shoes
20.10.2021, 08:51
78
3 Dividend ETFs Delivering Steady Income To Any Long-Term Portfolio
06.10.2021, 15:24
131
How to recognize a financial pyramid
09.06.2021, 21:30
43
Iran’s President Wants Crypto ‘Laws and Instructions’ Implemented as Soon as Possible
29.06.2021, 11:28
67
Opening Bell: U.S. Futures Mixed Despite Likely Record First Half; USD Rallies
15.08.2021, 12:29
101
Spain launches inquiry after dams drained for profit during drought
10.11.2021, 02:34
183
Mining operation allegedly owes millions in taxes and royalties in Solomon Islands