Oil prices on international markets have risen again recently. The trigger is renewed mutual attacks in the Middle East, which are dampening hopes for a swift ceasefire. The DAX reacted with significant losses as investors become more cautious in the face of geopolitical uncertainty.
Just in recent days, hopes for a resumption of the ceasefire had emerged, temporarily pushing oil prices down. Now the renewed hostilities have driven prices back up. Uncertainty about further developments in the Middle East is weighing on sentiment across financial markets.
Source: Tagesschau
