Oil's Double Shot Effect on Markets: A Cautionary Tale for DIY Economists The recent US Iran tensions have sent oil prices plummeting, but the markets' relief is short lived.
The ASX's 1% gain may seem welcome after Monday's losses, yet it's crucial to remember that the market remains vulnerable to energy shocks. Brent crude oil prices settled at $US112.
10 before retreating below $US109, leaving investors wondering if this volatility will persist until the Iran situation is resolved.