WASHINGTON: There has been a significant reaction in global markets after US President Donald Trump ordered further tightening of the Iran blockade. Crude oil prices rose for the eighth consecutive day due to concerns about global energy supply.
In the international market, the price of Brent crude oil rose to $ 111.71 per barrel, while US crude oil WTI has also crossed the $ 100 per barrel level.
On the other hand, a mixed trend was seen in Asian stock markets. The MSCI index recorded a 0.1 percent decrease, while the Australian stock market index fell by 0.2 percent. However, the Hong Kong stock market showed a positive trend and the Hang Seng index increased by 1 percent.
The cryptocurrency market also remained under pressure. The price of Bitcoin fell to $76,336, while the price of Ether fell to $2,284.
Meanwhile, the precious metals market also continued to decline, with gold prices down 0.3% to $4,581 per ounce.
