Rising Oil Prices Will Continue to Act as a Headwind: Tom Essaye Quoted in Barron’s
Stocks Open Lower Amid Rising Tensions in the Middle East
“Looking into today’s session, there will remain considerable focus on the conflict between Israel and Hamas amid Biden’s visit to the region and if no progress is made towards a ceasefire, rising oil prices will continue to act as a headwind on risk assets,” writes Sevens Report Research’s Tom Essaye.
President Joe Biden arrived in Tel Aviv to meet with Israeli Prime Minister Benjamin Netanyahu. President Biden’s trip to Israel followed the explosion of a hospital in Gaza.
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