Money and business

The high oil prices and the fluctuation of stock markets amid confrontation between Israel and Iran

Oil prices rose and stock markets fluctuated on Tuesday, while investors monitor the repercussions of US President Donald Trump’s call to Tehran residents to leave while they were afraid of the conflict between Israel and Iran to an all -out war.

After the increase in oil prices on Friday, after Israel’s attacks on Iran, the price of crude oil fell by more than 1% on Monday, at a time when traders wagered on the failure of the conflict across the Middle East, while no damage to the majority of major oil sites was damaged.

Oil prices returned to rise on Tuesday after Trump called for the evacuation of the Iranian capital, which is inhabited by nearly 10 million people.

“Iran should have signed the agreement that it asked them to sign,” Trump said on social media, referring to the nuclear talks that were ongoing.

“What a loss and waste of human lives. Simply, Iran cannot own a nuclear weapon. I said it repeatedly. Everyone should evacuate Tehran immediately!”

Oil prices rose by more than one percent in the late Asian transactions on Tuesday, after they fluctuated between gains and losses during the day.

The gains decreased after the International Energy Agency stated in its 2025 report that global demand will decrease slightly in 2030 for the first time since the Kofid-19 in 2020. The agency referred to “economic growth less than the usual rates, affected by global trade tensions and financial imbalances, and the acceleration of oil in the transport and power generation sectors.”

Traders are watched with caution of the developments of the Iranian crisis, as she left the USS Nemitz aircraft carrier in Southeast Asia on Monday after canceling her visit to Vietnam, after the Pentagon announced the sending of “additional equipment” to the Middle East.

Trump confirmed that Washington “has nothing to do” with the Israeli attack, but the Iranian Foreign Minister stated on Monday that the US President is able to stop the attacks “with one phone call.”

Tehran said it would strike American sites if Washington intervened.

The performance of the stocks was varying in Asian trading, as it recorded heights in Tokyo, Singapore, Seoul, Manila, Bangkok, Jakarta and Pipe, while Hong Kong, Sydney, Woeington and Bombay faced difficulties alongside London, Paris and Frankfurt stock exchanges.

As for the Shanghai Stock Exchange, it was stable without little change.

Dealers continue the summit of the Group of Seven, where world leaders opposed the Trump war, considering it a threat to global economic stability.

Britain, Canada, Italy, Japan, Germany and France called on Trump to back down from his plans to increase customs duties on the countries of the world next month.

In the currency markets, the yen rose against the dollar after the Bank of Japan kept interest rates unchanged, and said it would slow down the pace of reducing its purchases from the bonds.

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