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Wall Street recovers from Friday’s shock as U.S. stocks rise and oil prices ease
Calm returned to Wall Street, and U.S. stocks rallied, while oil prices gave back some of their initial spurts following Israel’s attack on Iranian nuclear and military targets at the end of last week.
Why is the oil price not surging?
With the exception of Russia’s invasion of Ukraine, big swings in oil have been driven by broader geoeconomic trends
Taiwan Dollar, Baht Most at Risk From Oil Price, Barclays Says
A surging oil price is likely to trigger a depreciation in Asian currencies, notably the Thai baht, Taiwan dollar and Korean won, according to Barclays Plc.
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Zelenskyy warns oil price surge could help Russia's war effort
Ukrainian President Volodymyr Zelenskyy says rising global oil prices following Israeli strikes on Iran will strengthen Russia by increasing its oil revenues, aiding its war effort in Ukraine.
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Will Iran-Israel hostilities lead to higher gas prices in NJ? What experts are saying
New Jersey gas prices inched up over the past week as hostilities between Israel and Iran rattle global oil markets and push up petroleum costs.
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