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New York-traded West Texas Intermediate, or WTI, crude for delivery in November settled up $3.59, or 4.3%, at $86.38 per barrel. “We congratulate the Palestinian fighters for this operation,” Yahya Rahim Safavi said, adding that Iran would stand by the Hamas fighters until they had “liberated” Palestinian territories and Jerusalem from Israeli control.
Investing.com - The Turkish lira, which was already under heavy pressure, continued its slide unabated after the 650 basis point interest rate hike by the central bank in Ankara. The currency hit new record lows against the euro and the dollar, leaving investors and economists alike concerned.