Oil Rises, Asian Stocks Fall on Middle East Ceasefire Concerns

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Published: 2 hours ago

Oil prices surged this morning as uncertainty grows over the US-Iran ceasefire deal. UAE and Kuwait intercepted Iranian drones while Iran's Parliament cited three ceasefire violations. Reports suggest oil tanker passage through Strait of Hormuz was halted. Risk-off sentiment is emerging as geopolitical tensions escalate. Safe-haven currencies like JPY and CHF may strengthen against commodity currencies. Oil-linked currencies including CAD and NOK face pressure from supply disruption fears.

Nothing to see yet 😢