Global markets are feeling the strain as the fragile ceasefire in Iran teeters on the brink of collapse. Despite a strong rally on Wednesday, stock markets in Asia have taken a step back, reflecting growing concerns over the escalating conflict between Israel and Lebanon, and the renewed threat of military action between the US and Iran. Meanwhile, gas prices have also risen as the situation in the Middle East continues to escalate, with Israel's continued attacks on Lebanon and the US and Iran trading threats. As the international community watches with bated breath, the fragile truce agreed upon just 24 hours ago appears to be unraveling, sending shockwaves through the markets and fueling fears of a return to chaos in the region.
Gas prices also increase, while global stock markets slip back after strong rally on WednesdayBusiness live – latest updatesOil and gas prices rose on Thursday and Asian stock markets retreated as the two-week ceasefire in Iran looked increasingly shaky, with Israel continuing attacks on Lebanon and the US and Iran threatening a return to military action.A day after the US and Iran announced an 11th-hour ceasefire, including an agreement to reopen the strait of Hormuz, many questions remain and there were signs that the truce was already being broken, causing jitters in the markets. Continue reading...
