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
-
Hindsight: Why Accra Lions’ present problems do not define them
19 mins -
10-year-old Lisa Laryea arrives at Wits Donald Gordon Hospital in South Africa for bone marrow transplant
44 mins -
23 ambassadors inducted to take on 2025 GSTEP Challenge in three regions
1 hour -
Ghana Shea Workers Union inaugurated
1 hour -
I trust Bawumia; he has never lied to me – Akufo-Addo
2 hours -
Bawumia is hardworking; offers the youth platform to share ideas – Kow Essuman
2 hours -
IGP, Police commanders worship with churches in Ghana as part of security arrangements for 2024 elections
2 hours -
Mahama is a failed president; give Bawumia a chance – Akufo-Addo to Ghanaians
2 hours -
‘No child left behind in Free SHS’ – Akufo-Addo declares
2 hours -
MMDAs tasked to pay more attention to TB cases
2 hours -
2024/25 GPL: Defending champions Samartex suffer second consecutive loss as Basake Holy Stars wins 1-0
2 hours -
Government stands firm in Galamsey fight, says Akufo-Addo
2 hours -
National Peace Council assures public of violent free elections
2 hours -
Agenda 111 to be discontinued if NDC comes to power – Akufo-Addo
2 hours -
Mahama begins 3-day tour of the Western Region today
2 hours