Brent Crude Oil Last Day Financ (BZ=F)
| Pre. Settlement | N/A |
| Settlement Date | 2024-05-01 |
| Open | 90.43 |
| Bid | 89.00 |
| Last Price | 90.02 |
| Day's Range | 89.41 - 90.83 |
| Volume | |
| Ask | 90.08 |
- Yahoo Finance Video
Israel will move 'very carefully' to avoid regional war
According to an NBC report, Israel's potential response to Iran's air attack may be "imminent." Eurasia Group Chair Cliff Kupchan joins The Morning Brief to discuss what Israeli retaliation may look like. Kupchan signals that Israel will be "very careful" as it is under pressure from the Biden administration not to trigger a regional war. However, Kupchan believes that Israel must respond in order to "trim down this new Iranian bravado" and demonstrate that such attacks cannot continue. The nation may target Iranian allies in Syria-aligned militias "one level down," so Iran will not be forced to shoot back. Though Kupchan characterizes Biden and Netanyahu's relationship as strained, he says that the conflict with Iran has "reset" the relationship, with the US coming to Israel's aid. Overall, Kupchan calls the present moment a "real risky" one: he explains that Israel and Iran's tensions are overlapping with Israel's determination to push Hezbollah back from the northern front, and adds that the War on Gaza isn't over. "We are on a structurally escalatory path," the Eurasia Group chair states, noting that if the Strait of Hormuz comes into play, oil prices could surge and shipping lanes in the Red Sea could also be affected. He characterizes these potential developments as a "risk" to the market. For more expert insight and the latest market action, click here to watch this full episode of Morning Brief. This article was written by Gabriel Roy.
- Yahoo Finance Video
Iran vs Israel: How a possible retaliation could affect markets
Oil prices (BZ=F, CL=F) are trading lower on Monday following Iran's weekend air attack on Israel. Iran's drones and missiles were ultimately shot down, but markets are now closely watching to see if Israel will retaliate. Yahoo Finance's Rick Newman breaks down the details, providing insight into how an Israeli retaliation could affect markets. Newman also explores how a potential Israeli attack could influence the upcoming US presidential election. For more expert insight and the latest market action, click here to watch this full episode of Morning Brief. This post was written by Angel Smith
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