Brent crude futures briefly touched US$91.20 on Monday before pulling back to US$90.84 following Friday’s 5.7% surge.
US Secretary of State Antony Blinken is visiting the region, seeking to prevent further escalation. Netanyahu agreed to lift a blockade of water supplies to parts of southern Gaza after speaking with US President Joe Biden. On Friday, the pan-European STOXX 600 index lost 0.98 and New York’s S&P 500 declined 0.50%, although US stock futures pointed 0.18% higher on Monday.
Source: News Formal (newsformal.com)
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