What matters in U.S. and global markets today By Mike Dolan, Editor-At-Large, Finance and Markets Global stock markets may just be weary of the back-and-forth in the Middle East, but they latched onto a sliver of hope in the still-raging U.S.-Iran conflict overnight.
Reports of some mediation efforts sent Brent crude prices back below $90 per barrel, even as renewed fighting continued into its 10th day and the conflict risked spreading
I’ll get into all that and more below. But first, check out my column on why markets are likely hoping new UK Prime Minister Andy Burnham succeeds, whether they agree with his policies or not. And listen to the latest episode of the Morning Bid daily podcast.
Subscribe to hear Reuters journalists discuss the biggest news in markets and finance seven days a week. TARIFF REPRISE A playbook appears to have developed over the five months of the Iran war where each new escalation quickly deescalates into another round of talking. But markets may be a bit blasé this time around, as the threat by Yemen’s Houthi militia to block Saudi shipping potentially opens a new front in the conflict.