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Oil has risen more than 5%, to $95, and European stock exchanges are expected to fall

The conflict between the United States and Iran has escalated again in the early hours of this Monday, affecting the price of oil. Tension has increased in the Strait of Hormuz when the US struck an Iranian cargo ship in the Gulf of Oman that was trying to overcome the blockade imposed by Washington on Iranian ports.

Gasolinera-gasolindegia-erregaia-combustible-petroleo
Gas station. Europa Press.

The price of reference Brent oil in Europe rose 5.6% on Monday at around 07:55 and stood above $95 per barrel before the opening of stock exchanges in Europe.

For its part, the West Texas Intermediate Oil Barrel (WTI) has risen by more than 6% to $88.9 per upeal. 

The conflict between the United States and Iran has escalated again in the early hours of this Monday, affecting the price of oil. Tension has increased in the Strait of Hormuz when the US struck an Iranian cargo ship in the Gulf of Oman that was trying to overcome the blockade imposed by Washington on Iranian ports.

Stock exchanges are expected to fall

Despite rising tensions between the US and Iran, major Asian stock exchanges have rebounded this Monday.

In particular, the Kospi index in South Korea has risen 0.6%, while the Hang Seng index in Hong Kong has risen 0.4%. In Japan, the Nikkei has gained 0.6% and the Shenzhen index in the Chinese stock exchange has risen almost 0.5%.

In the US, Wall Street closed Friday with 1.8% progress in the case of the Dow Jones and almost 1.3% in the case of the Nasdaq, buta decline in G-20 prices is expected at the opening of Monday around 0.7% .

The futures of the European stock exchanges also showed a downward trend at the beginning of today's session, in some cases above 2%. In Spain, the Ibex 35 will start today from 18,484 points, after closing Friday with an increase of almost 2.2%.

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