AFP, Hong Kong :
Oil prices rallied Monday after Iran warned the presence of US forces in the Gulf was causing instability in the region, while equities were mixed as US President Donald Trump said he did not want a partial trade deal with China.
While a loosening of monetary policy by central banks is providing support to investors, they remain on edge following last week’s attack on Saudi oil facilities that was claimed by Huthi rebels in Yemen but blamed by the US on Iran.
Iran’s President Hassan Rouhani on Sunday hit out at a US move to increase troop numbers in Saudi Arabia, saying: “Foreign forces can cause problems and insecurity for our people and for our region.”
Oil prices rallied Monday after Iran warned the presence of US forces in the Gulf was causing instability in the region, while equities were mixed as US President Donald Trump said he did not want a partial trade deal with China.
While a loosening of monetary policy by central banks is providing support to investors, they remain on edge following last week’s attack on Saudi oil facilities that was claimed by Huthi rebels in Yemen but blamed by the US on Iran.
Iran’s President Hassan Rouhani on Sunday hit out at a US move to increase troop numbers in Saudi Arabia, saying: “Foreign forces can cause problems and insecurity for our people and for our region.”
