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Channel NewsAsia
Channel NewsAsia
AsiaPac · 17 mins ago
LatAm assets slide with global markets after Trump says Iran deal 'over'
July 8 : Most Latin American assets fell on Wednesday after U.S. President Donald Trump said the interim accord to end the war with Iran was over, sending oil prices higher and denting global risk sentiment. Trump also said that the U.S. was likely to launch more strikes on Wednesday night and take over Iran's Kharg Island, after Tehran carried out new attacks on U.S. bases in the Gulf.The comments come a day after fresh U.S. military strikes and Washington revoking a license that allowed Tehran to sell oil internationally. Oil prices, which had returned to pre-conflict levels after the ceasefire, rose 5 per cent to a two-week high. [O/R] Inflation worries were back in the limelight, especially in oil-importing economies. International bonds in oil importers Kenya and Sri Lanka broadly dro
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