Audio By Carbonatix
Oil prices have risen after two bases hosting US troops in Iraq were hit by ballistic missiles.
Brent crude was up by 1.4% at $69.21 per barrel in the middle of the Asian trade, easing back from earlier gains.
So-called safe haven assets, like gold and the Japanese yen, also rose on the news.
At the same time global stock prices were sent lower on concerns over the growing conflict in the Middle East.
Japan's benchmark Nikkei 225 stock index fell by 1.3%, and Hang Seng in Hong Kong was down 0.8%.
Iranian state television said the attack was a retaliation for the killing of the country's top commander Qasem Soleimani.
That could disrupt shipping in the world's busiest sea route for oil, the Strait of Hormuz. Around a fifth of global oil supply passes through the stra
Brent Crude Futures - North Sea - Mar20
Source: WebFG - 8th Jan 2020
That could disrupt shipping in the world's busiest sea route for oil, the Strait of Hormuz. Around a fifth of global oil supply passes through the straDISCLAIMER: The Views, Comments, Opinions, Contributions and Statements made by Readers and Contributors on this platform do not necessarily represent the views or policy of Multimedia Group Limited.
DISCLAIMER: The Views, Comments, Opinions, Contributions and Statements made by Readers and Contributors on this platform do not necessarily represent the views or policy of Multimedia Group Limited.
Latest Stories
-
From Young Nurse to Hypertension Champion: Betty Twumasi Ankrah’s Journey
49 minutes -
Ghana to mark Africa Safer Internet Day on February 10
1 hour -
‘A Tax For Galamsey’: Dr Manteaw warns NDC against shielding ‘galamsey’ DCEs
3 hours -
When a TV is not a vote but the Gospel according to the television set
3 hours -
Ghana can significantly expand domestic revenue without raising tax rates -UGBS Finance Professor
3 hours -
Policeman killed in bloody robbery on Zebilla–Widnaba road
3 hours -
Cedi under seasonal pressure as Q1 demand intensifies; one dollar equals GH¢11.80 at forex bureaus
3 hours -
Roads Minister rejects Minority’s claim of downgrading Suame Interchange Project
3 hours -
Eco-Africa Network demands dismissal of culpable officials in explosive JoyNews exposé
4 hours -
Ayawaso East vote-buying: Party will take decision after committee findings – NDC
4 hours -
Ayawaso Zongo Chiefs warn of possible chaos if NDC annuls disputed primary
4 hours -
I didn’t see failure as an option: Chicago Fire forward Shokalook
4 hours -
TI-Ghana condemns alleged vote-buying in Ayawaso East NDC primary
4 hours -
Karim Zito resigns as Asante Kotoko head coach following MTN FA Cup elimination
4 hours -
“Is your cell phone bugged?” Why privacy may be an Illusion in the age of smart devices
5 hours