Oil Prices Surge as Middle East Violence Escalates Uncertainty
Oil prices have jumped by more than 2% following recurring violence in the Iran war. The conflict has heightened uncertainty over its future, affecting global markets.
The increase in oil prices comes as shares in online fast-fashion retailer Shein fell by up to 10% after they began trading in Hong Kong on Tuesday. They closed 4% lower.
The violence in the Iran war has added to the uncertainty faced by investors, causing a ripple effect on global markets. The situation remains fragile, with oil prices expected to continue fluctuating as the conflict unfolds.