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Why Oil Price Spike Is Helping Stock Prices Rebound

Ricky Cove
Why Oil Price Spike Is Helping Stock Prices Rebound

Global markets (ACWI) seem to be ignoring the Iran deal exit for now despite the possibility of risk escalation in the Middle East. Iranian President Hassan Rouhani was reported to have said that Iran doesn’t in any way welcome new tensions in the region. This statement could have provided some relief to anxious investors who were worried about an increase of risk aversion in the global markets.