Oil prices rise by almost 3% after new strikes on Saudi Arabia
- Global stock markets slipped on Monday as a sharp drop in technology equities and rising crude prices rattled investors ahead of anticipated interest-rate increases in the United States and Japan this week.
- Brent crude rose by almost 3 per cent after fresh strikes targeted Saudi Arabia and Gulf shipping, following a previous attack on a Saudi oil pipeline.
- A scheduled Monday meeting in Oman between Iran and Gulf Arab states to negotiate opening the Strait of Hormuz was also postponed.
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- Global stock markets slipped on Monday as a sharp drop in technology equities and rising crude prices rattled investors ahead of anticipated interest-rate increases in the United States and Japan this week.
- Brent crude rose by almost 3 per cent after fresh strikes targeted Saudi Arabia and Gulf shipping, following a previous attack on a Saudi oil pipeline.
- A scheduled Monday meeting in Oman between Iran and Gulf Arab states to negotiate opening the Strait of Hormuz was also postponed.
Sources: The Independent