Oil prices have risen after two bases hosting US troops in Iraq were hit by ballistic missiles.
Brent crude was up by 1.4% at $69.21 per barrel in the middle of the Asian trade, easing back from earlier gains.
So-called safe haven assets, like gold and the Japanese yen, also rose on the news.
At the same time global stock prices were sent lower on concerns over the growing conflict in the Middle East.
Japan's benchmark Nikkei 225 stock index fell by 1.3%, and Hang Seng in Hong Kong was down 0.8%.
Iranian state television said the attack was a retaliation for the killing of the country's top commander Qasem Soleimani.
That could disrupt shipping in the world's busiest sea route for oil, the Strait of Hormuz. Around a fifth of global oil supply passes through the stra
Brent Crude Futures - North Sea - Mar20
Source: WebFG - 8th Jan 2020
That could disrupt shipping in the world's busiest sea route for oil, the Strait of Hormuz. Around a fifth of global oil supply passes through the straDISCLAIMER: The Views, Comments, Opinions, Contributions and Statements made by Readers and Contributors on this platform do not necessarily represent the views or policy of Multimedia Group Limited.
Latest Stories
-
FWSC responds to CLOGSAG strike declaration, urges return to negotiation
22 mins -
Members contribute to ‘transport’ national team – Volleyball Vice President laments financial struggles
30 mins -
New SHS curriculum provides adaptive learning pathways – EduWatch
33 mins -
Pay NABCO trainees – Mahama challenges Bawumia
41 mins -
Police ‘waiting for court date’ on Erastus’ case is a lie – Samson Anyenini
51 mins -
Sports facilities are better managed by institutions – UG Sports Director on maintenance of Legon stadium
1 hour -
Ghanaian businesses must align vision with strategy to mitigate ESG Risks – KPMG
2 hours -
MTN achieves 30% localisation of Scancom PLC
2 hours -
Attorney-General: Some lawyers sacrifice ethics for ‘cheap’ political gains
2 hours -
Bond market: Volume up by 12.45% to GH¢746m
2 hours -
Cedi records year-to-date loss of nearly 29%; one dollar going for GH¢17.10
2 hours -
‘Our priorities are wrong in Ghana’ – UG Sports Director on sports development
2 hours -
The Fourth Estate’s investigative report wins 2nd place at 2024 AIJC
2 hours -
GPL: Our fans spur us on – GoldStars head coach Frimpong Manso on unbeaten run
3 hours -
Plantain chips are breaking hearts in Africa
3 hours