Iran, Oil Price
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FTSE 100 Live 02 March: Oil price surges, airlines and banks under pressure -
Why are US stock market index futures down and Dow Jones, S&P 500 and Nasdaq in red today? Wall Street futures fell more than 1% as Middle East conflict widened. Oil prices rose. Gold gained. Treasury yields hit lows.
By Pablo Sinha and Kavya Balaraman Feb 27 (Reuters) - Supply risks from ongoing geopolitical tensions have prompted analysts to raise their oil price forecasts for the year, despite concerns that an oversupply will continue to weigh on the market.
Due to the high exchange rate, petroleum products and imported fruits and seafood prices rose significantly, leading the consumer price inflation rate last month to record a mid-2% range. The government is concerned that if the high exchange rate persists ...