Good morning. Oil stabilizes following the flareup in Middle East tensions, industrial metals surge and Apple’s iPhone shipments tumble. Here’s what people are talking about.
Global markets showed some signs of stability in the wake of Iran’s unprecedented attack on Israel over the weekend. Oil retreated modestly on Monday with Brent crude trading around $90 a barrel and US equity futures rebounded. The Iranian mission to the United Nations said the issue “can be deemed concluded,” reducing for now the risks of a wider conflict. Meanwhile, US officials and their allies are focusing efforts now on ensuring any retaliation from Israel doesn’t raise the stakes too high.
Discover more from PressNewsAgency
Subscribe to get the latest posts sent to your email.