Tag Archives: geopolitical uncertainty

NEW DELHI: Govt is drawing comfort from its diversified oil purchases but is keeping close tabs on the situation in the Strait of Hormuz, which accounts for nearly a fifth of global oil consumption, in the wake of the US attack on Iran.The Strait – which serves as the primary export route for Persian Gulf producers such as Saudi Arabia, …

US stocks traded in a narrow range on Friday, returning from the Juneteenth holiday to a market still clouded by geopolitical uncertainty and inflation concerns. The S&P 500 slipped 0.2% in midday trading, while the Nasdaq Composite dropped 0.6%. The Dow Jones Industrial Average rose 45 points, or 0.1%, as of 11 am Eastern Time.Bond yields were largely steady after …