
Oil prices spike on fresh U.S.-Iran attacks, tech weighs on stocks again
“Near-term, the risk premium should keep prices supported, though a repeat of the earlier spike appears unlikely, as demand remains slow to recover while stranded-tanker releases and OPEC+ output quota expansion continue to add barrels to an already oversupplied outlook.” On equity markets, Seoul tanked more than five percent as tech File | Photo Credit. Hong Kong (AFP) — Oil prices jumped more than four percent Monday after another flare-up between the United States and Iran that threatened their already fragile truce, while Seoul led losses in most Asian stock markets as tech firms suffered another selloff.










