Global Markets Drop on Persistent Middle East Tensions
Global stock markets are trading lower as renewed hostilities between the United States and Iran overshadow a contingent ceasefire agreement between Israel and Lebanon. S&P 500 futures fell 0.5% while Asian indices saw sharper declines as investors weighed geopolitical risks against weak crude oil price movements.
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Global markets shifted to risk-off mode Thursday morning as Brent Crude Oil fell 0.7% to $97.12 following a ceasefire agreement between Israel and Lebanon. The drop comes despite renewed hostilities between the United States and Iran. Investors are weighing geopolitical de-escalation in Lebanon against the risk of a broader American-Iranian conflict.
