Renewed US-Iran Conflict Fueling Market Volatility, Raising Oil Prices And Forex risks
KUALA LUMPUR, March 1 (Bernama) — Global markets turned cautious on Sunday following the latest United States military action against Iran, with economists warning that heightened geopolitical risks due to the situation in the Middle East could reinforce risk-off sentiment and affect oil prices, the ringgit, and trade flows, said analysts. Bank Muamalat Malaysia Bhd chief economist Dr Mohd Afzanizam Abdul Rashid said the renewed conflict injects fresh uncertainty into global trade, particularly through its direct impact on energy markets. At the time of writing, WTI crude was up 2.78 per cent at US$67.02 per barrel, while Brent crude rose […]
