Crude rises, stocks fall amid fears over nascent US‑Iran ceasefire
Investors reacted to threats from Tehran to abandon a nascent US-Iran ceasefire after Israel launched a major bombardment of Lebanon, sending crude prices higher and equity markets lower.
Oil prices climbed and stocks fell Thursday as fears grew that a nascent US‑Iran ceasefire could collapse after Tehran threatened to resume hostilities following a major Israeli bombardment of Lebanon. The threat prompted market moves reflecting heightened geopolitical risk to supply and investor sentiment.