The Strait of Hormuz is a critical chokepoint for global oil supply. Photograph: Kamran Jebreili/AP
Shares steadied on Wednesday following a retreat in oil prices, but contradictory signals from the US-Israeli war on Iran kept investors anxious over the risks to inflation and global growth.
A pullback in oil came after the Wall Street Journal reported that the International Energy Agency has proposed the largest release of oil reserves in its history to bring down crude prices, providing some relief to battered global stocks while currencies and bonds were little changed.
Brent crude futures swung
Continue Reading on The Irish Times
This preview shows approximately 15% of the article. Read the full story on the publisher's website to support quality journalism.