Oil rises 4.8% to $94.69, stocks fall on US-Iran tensions

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Published: 2 hours ago

Brent crude jumped 4.8% to $94.69 per barrel Monday after US seized Iranian vessel, dampening peace deal hopes. European stock markets declined as geopolitical tensions escalated. USD likely to strengthen as safe-haven demand increases amid Middle East tensions. Oil-sensitive currencies like CAD and NOK may benefit from higher crude prices, while risk-off sentiment could pressure EUR and commodity currencies against the dollar.

Nothing to see yet 😢