Stock market jitters remain amid tech fears and renewed Middle East attacks
Oil prices have increased after Iran fired missiles at Israel, testing the fragile ceasefire agreed upon in April. The price of Brent jumped by 2.6% to $95.50 a barrel, while US-traded crude rose by 2.5% to $92.75. The conflict has disrupted the flow of oil and gas shipments from the Gulf, causing uncertainty in the global energy market.
- ▪Iran's Islamic Revolutionary Guard Corps warned that the attacks are the start of a full week of strikes.
- ▪US President Donald Trump has urged Israel not to retaliate despite the country's military saying it will strike the enemy as soon as the order is given.
- ▪A ceasefire agreement has been in force since 17 April and has been violated repeatedly by both Israel and Iran.
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| Original publisher | BBC News |
| Canonical URL | https://www.bbc.com/news/articles/c78yd5g9qx0o?at_medium=RSS&at_campaign=rss |
| Publication time | Mon, 08 Jun 2026 14:14:11 GMT |
| Retrieval time | 2026-06-08T01:10:19.420Z |
| Last seen | 2026-06-08T14:24:35.942Z |
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Oil prices edge higher after strikes on Israel test ceasefire31 minutes agoShareSaveAdd as preferred on GoogleOsmond ChiaBusiness reporterAFP via Getty ImagesOil prices climbed on Monday morning trade in Asia after Iran fired missiles at Israel for the first time since a fragile ceasefire was agreed between the countries and the US in April.The price of the global benchmark Brent jumped by 2.6% to $95.50 (£71.60) a barrel, while US-traded crude rose by 2.5% to $92.75.Iran's Islamic Revolutionary Guard Corps (IRGC) warned that the attacks are the start of "a full week" of strikes.US President Donald Trump has reportedly told news outlet Axios that he will urge Israel "not to retaliate", despite the country's military saying it will "strike the enemy" as soon as the order is given."I am…
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