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ECONOMY

US attacks Iran: oil climbs, markets react

US attacks on Iran drive oil prices up and markets higher. Dow, S&P 500, Nasdaq gain. Brent at $98.39, gold at $4,533.55. Lenovo stock hits record.

Alexander Gonzalez
ByAlexander Gonzalez- Senior Editor
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US attacks Iran: oil climbs, markets react
Photo: Prepared by Bond.az

US stock futures edged higher Tuesday as traders assessed fresh strikes on Iran. The Dow rose 281 points, S&P 500 climbed 41 points, and Nasdaq jumped 220 points.

The US military sank two Iranian vessels laying mines in the Strait of Hormuz, prompting retaliation. Negotiations continue amid hopes for de-escalation.

Brent crude rose 2.4% to $98.39 a barrel. Gold slipped 0.8% to $4,533.55 an ounce.

Lenovo shares hit a record high after quarterly profit surged 479%.

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China foreign phone shipments up 1.8% in April
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Sri Lanka shocks with 100-bp rate hike

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Today / 05:32
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ECB should raise rates in June, Schnabel says

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Japan inflation tops 2% target at 2.8% - new gauge
Today / 05:31
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Japan inflation rises to 2.8% in April, above BOJ's 2% target, according to new trend gauge. Details on the new index and implications.

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Peace talks hit rough patch, oil climbs
Today / 05:01
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Peace talks hit rough patch, oil climbs

U.S. strikes on Iran disrupt peace talks, oil rises. Dollar strengthens, stocks mixed. Focus on Strait of Hormuz.

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Sri Lanka hikes interest rate by 100 bps
Today / 04:32
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Today / 02:33
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BOJ Deputy: Mideast developments to factor into rate-hike timing

BOJ Deputy Governor Himino says Middle East developments will influence the timing of interest rate hikes, as bond yields hit 2.8%.

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Today / 01:31
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Putin writes off debts for Ukraine war recruits' families
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Putin writes off debts for Ukraine war recruits' families

Russian President Putin signed a decree writing off debts up to 10 million roubles for new Ukraine war recruits and their families.

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