అమెరికా, ఇరాన్ టెన్షన్స్, భారత్ పై 10 రకాల ప్రభావాలు || 10 Ways US Attack On Iran Impacts India ||
Oil price surged following escalation of tensions in the Middle East. Brent surged to about $70 per barrel — its highest price since September – while U.S. crude climbed to $63.79 per barrel — its highest price since April (read: 5 ETFs to Profit From Rise in Middle East Tension).
The U.S. air strike near the Baghdad International Airport killed top Iranian commander Qasem Soleimani last week sparking fears of a full-blown crisis between Washington and Tehran. Iran’s President Hassan Rouhani said that the country would no longer abide by any limits on its enrichment of uranium and Iraq’s parliament voted to expel U.S. troops from the country. On the other hand, President Donald Trump threatened Tehran that America will hit Iran "harder than they have ever been hit before" if it carried out retaliatory attacks or expelled U.S. troops from the country.
Further, the Fed’s dovish outlook, which pushed the U.S. dollar down, also supported a spike in oil price. Notably, a weak dollar made dollar-denominated assets cheap for foreign investors, potentially raising demand for commodities.
https://www.nasdaq.com/articles/etfs-to-gain-lose-from-higher-oil-price-2020-01-07
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అమెరికా, ఇరాన్ టెన్షన్స్, భారత్ పై 10 రకాల ప్రభావాలు || 10 Ways US Attack On Iran Impacts India || Oil price surged following escalation of tensions in the Middle East. Brent surged to about $70 per barrel — its highest price since September – while U.S. crude climbed to $63.79 per barrel — its highest price since April (read: 5 ETFs to Profit From Rise in Middle East Tension). The U.S. air strike near the Baghdad International Airport killed top Iranian commander Qasem Soleimani last week sparking fears of a full-blown crisis between Washington and Tehran. Iran’s President Hassan Rouhani said that the country would no longer abide by any limits on its enrichment of uranium and Iraq’s parliament voted to expel U.S. troops from the country. On the other hand, President Donald Trump threatened Tehran that America will hit Iran "harder than they have ever been hit before" if it carried out retaliatory attacks or expelled U.S. troops from the country. Further, the Fed’s dovish outlook, which pushed the U.S. dollar down, also supported a spike in oil price. Notably, a weak dollar made dollar-denominated assets cheap for foreign investors, potentially raising demand for commodities. https://www.nasdaq.com/articles/etfs-to-gain-lose-from-higher-oil-price-2020-01-07