Commodities
Global Markets React to Escalating Iran-US Conflict
The US dollar index has risen by around 40 points, while front-month crude oil futures are trading higher after a drop yesterday.
The Iran-US conflict continues to escalate, with Iranian military firing ballistic missiles at American troops in the region. In response, the US and Saudi Arabia jointly hit weapons sites belonging to 'Iran-aligned terrorists' in Iraq.
Ukraine has also attacked a refinery owned by Russia's largest oil producer, Rosneft PJSC, overnight, causing a fire at the plant. This marks Ukraine's first strike on a major oil-processing facility in nearly two weeks.