Escalating Conflict in Red Sea Region Sends Oil Prices Surging
The Red Sea Region Sends Oil Prices Surging Share was cautious on Friday as the escalating conflict in the Red Sea region sent oil prices surging. At the same time, slightly higher-than-expected U.S. inflation data did not dent investors’ views on early and aggressive rate cuts in the U.S. and Europe. The intensifying conflict in the Red Sea has kept shares on edge. The MSCI’s most comprehensive index of Asia-Pacific …