Middle East Violence Sparks Oil Price Surge, Global Stocks Fall
Oil prices surged by 2% on Tuesday as violence in the Middle East escalated, causing global stock markets to decline. The recent increase in hostilities has led to heightened uncertainty over the conflict's future.
Shein, an online fast-fashion retailer listed in Hong Kong, saw its shares plummet as much as 10% after trading began. They closed with a 4% decrease.