Commodities
Iran Conflict Escalation Sends Oil Prices Soaring
Oil prices have surged by more than 2% due to ongoing violence in Iran, adding to the uncertainty surrounding the conflict. The increased tension has led to a decline in global stocks.
The violence in Iran has been ongoing for over a month with no significant fighting, causing concerns about the future of the conflict. Shares in online fast-fashion retailer Shein fell by as much as 10% after they began trading in Hong Kong on Tuesday, closing 4% lower.