Oil prices rise due to the uncertainty of the ceasefire between America and Iran
The Strait of Hormuz is still closed in light of concerns about the possibility of resuming the strikes, but Wall Street indices reached record levels after recovering from the losses they incurred since the outbreak of in late February.
Rise in oil prices
Analysts speak of high expectations of a desire on the part of Trump and the Iranian authorities to put an end to the war that led to a rise in Wall Street Stock Exchange Wall Street recorded a rise driven by shares of technology companies, which helped the Nasdaq Composite Index reach a new record level, rising by 1.3 percent. Recording 14577.92 points, while the index rose "S&P 500" by 0.9 percent, approaching its record level of 7126.21 points. The chief market analyst at "Want Nation" David Morrison It seems that stock investors "Convinced that the war will end soon, or that its impact on the American economy will be limited, even if energy prices remain relatively high." In Europe, the Frankfurt and London stock exchanges declined, while Paris lost about 1%, while the performance of Asian stock markets was mixed. At a time when oil shipments through the Strait of Hormuz are still halted, Asian and European countries that rely heavily on energy supplies from the Middle East are trying hard to deal with high inflation rates, which could lead to growth being derailed. The chief investment analyst said. I have "Wealth Club" (Wealth Club) Susanna Streeter N "Extending the ceasefire did not succeed much in allaying fears, given that there is still concern about the impact of energy supply shortages on the global economy." A barrel of Brent North Sea crude rose by more than three percent to once again exceed the 100-dollar threshold, while the price of a barrel of US West Texas Intermediate crude once again crossed the 90-dollar threshold. Apart from the war, investors are watching sessions held by the US Senate to confirm Kevin Warsh, whom Trump chose to replace Federal Reserve Chairman Jerome Powell, knowing that the latter’s term expires in May. US President Powell has repeatedly criticized not He lowered interest rates and reported the network "CNBC" Tuesday that he would be disappointed unless Warsh rushed to reduce it despite the rise in inflation. Meanwhile, Elon Musk’s company announced "SpaceX" Tuesday that it will partner with the artificial intelligence startup "Courser" With an option to buy the company for $60 billion, in the latest sign of corporate confidence that artificial intelligence will continue to drive growth.Strait of Hormuz
High inflation
