pakistan
Oil jumps on Mideast missiles while AI bulls carry stocks higher
Key takeaways
- U.S. crude futures jumped around 2% to $95.40 a barrel.
- S&P 500 futures dipped, although the AI bull run pushed on in Asia, where stock indexes climbed to record highs in Taiwan and Japan.
- Central Command said Iran fired missiles at Kuwait and Bahrain, which were thwarted or failed, prompting U.S. forces hit back at Iran’s Qeshm Island in the Strait of Hormuz.
Why this matters: local context for readers following news across Pakistan and the region.
Add ARY News on Google AAResize SINGAPORE: Oil prices rose for a third day running on Wednesday and the dollar was on the brink of breaking above 160 yen as fresh hostilities flared in the Gulf after U.S.-Iran peace talks stalled.
U.S. crude futures jumped around 2% to $95.40 a barrel. The dollar hit 160 yen , then paused as traders became wary of potential Japanese intervention around that level.
S&P 500 futures dipped, although the AI bull run pushed on in Asia, where stock indexes climbed to record highs in Taiwan and Japan. South Korean markets were closed.
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