Oil prices spike on fresh US-Iran attacks, tech weighs on stocks again
- HONG KONG: Oil prices jumped more than 4 per cent Monday (Jul 13) after another flare-up between the United States and Iran that threatened their already fragile truce, while South Korean stocks plunged as tech firms were hit by a fresh rout.
- The renewed hostilities in the Middle East followed last week's exchange of fire and came as negotiators struggle to reach a lasting peace deal to keep the crucial Strait of Hormuz open.
- The US military launched a new wave of strikes on Sunday after renewed fighting over the waterway saw several of Washington's Gulf allies targeted.
Confirmed
- HONG KONG: Oil prices jumped more than 4 per cent Monday (Jul 13) after another flare-up between the United States and Iran that threatened their already fragile truce, while South Korean stocks plunged as tech firms were hit by a fresh rout.
- The renewed hostilities in the Middle East followed last week's exchange of fire and came as negotiators struggle to reach a lasting peace deal to keep the crucial Strait of Hormuz open.
- The US military launched a new wave of strikes on Sunday after renewed fighting over the waterway saw several of Washington's Gulf allies targeted.
Sources: CNA