hong kong — Oil prices rose again and most global stocks fell on Thursday due to doubts about the fragile ceasefire between the United States and Iran.
Investors are closely watching whether the two-week ceasefire between the United States and Iran is actually abating after a round of intense Israeli strikes on Lebanon that killed and injured hundreds. Iran The Strait of Hormuz was closed again in response to the attacks in Lebanon.
In early European trading, Britain’s FTSE 100 index fell 0.3% to 10,572.73. The French CAC 40 index fell by 0.8% to 8,198.77 points, while the German DAX index lost 1.3% to 23,771.68 points.
Asian stocks closed mostly lower. The Nikkei 225 in Tokyo fell 0.7% to 55,895.32, while the Kospi in South Korea lost 1.6% to 5,778.01. The Hang Seng Index in Hong Kong fell by 0.5% to 25,752.40 points. The Shanghai Composite Index fell 0.7% to 3,966.17 points. Australia S&The P/ASX 200 rose 0.2% to 8,973.20. The TAEX in Taiwan rose 0.3%, while the Sensex in India fell 1.6%.
US futures fell more than 0.4%.
Oil prices rose on Thursday, falling from… Plunge earlier Regarding optimism regarding the temporary ceasefire agreement. Brent crude, the international standard, rose 3.5% to $98.09 a barrel. The price of standard US crude rose 3.6 percent on Thursday to $97.83 per barrel.
There is still uncertainty about global energy supplies. the Strait of HormuzThe energy transit crossing, through which a fifth of the world’s oil usually passes, was largely closed despite the United States repeatedly calling for it to be reopened.
“(Oil) prices rebounded as fighting in the Middle East continued and the outlook for a ceasefire deteriorated, keeping uncertainty around the Strait of Hormuz firmly in focus,” ING analysts Ewa Manthey and Warren Patterson wrote in a note on Thursday.
Talks aimed at reaching a permanent end to the war in Pakistan could begin on Saturday, and Vice President J.D. Vance is expected to lead the US delegation. President Donald Trump posted on his social media platform Truth that the US military will remain around Iran “until the real agreement reached is fully complied with.”
Wall Street closed higher on Wednesday following Trump’s comments advertisement of a two-week ceasefire with Iran late Tuesday.
S&The P 500 jumped 2.5% to 6,782.81. The Dow Jones Industrial Average rose 2.9% to 47,909.92 points. The Nasdaq Composite Index rose 2.8% to 22,635.00 points.
Following renewed hopes for a de-escalation of the war, United Airlines shares rose 7.9% on Wednesday, American Airlines shares rose 5.6%, while cruise ship operator Carnival jumped 11.2%, trimming losses since the start of the Iran war due to fears of rising fuel costs.
In other transactions, gold and silver prices decreased. The price of gold fell by 0.6% to $4,750.20 per ounce. The price of silver fell by 1.7% to $74.08 per ounce.
The US dollar rose to 158.95 Japanese yen from 158.57 yen. The euro was trading at $1.1675, up from $1.1663.
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Associated Press writer Anirudh Ghosal contributed to this report.