World Shares Advance And Oil Slips Back Despite Barrage Of Attacks By Iran
HuffPost
Markets seem to have taken the latest escalations in stride.
HONG KONG (AP) — Shares advanced Wednesday in Europe and Asia as oil prices fell back slightly despite a barrage of attacks by Iran on its Gulf neighbors.
U.S. futures rose 0.5% after a session of moderate gains on Wall Street ahead of the Federal Reserve’s decision on interest rates later in the day. With higher oil prices feeding into other inflation, the Fed is widely expected to keep rates on hold.
Worries over global oil and gas supplies and rising prices are still clouding global markets, though Brent crude, the international standard, fell slightly to $103.14 per barrel, down from above $106 on Monday.
U.S. benchmark crude fell 1.6% to $94.67 per barrel.
Iran lashed out Wednesday with multiple attacks on its Gulf neighbors and Israel following the killing of one of its top leaders in an airstrike, using some of its latest missiles to evade air defenses and killing two near Tel Aviv.
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