Morning Bid: Markets unsettled by Israel-Iran tit-for-tat [Reuters]
Procter & Gamble Company (The) (PG)
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Source: Reuters
It was hardly unexpected, but Israel's missile strike on Iran on Friday confirms fears of a dangerous series of tit-for-tat retaliation ahead between the Middle East powers that is likely to seed weeks of uncertainty for world markets too. Heading into another weekend wondering what may happen in the region until global exchanges reopen on Monday is set to be pattern until the standoff is resolved. Concern about targeting of either country's nuclear operations is top of many minds Against that backdrop, the reaction of oil prices , global stocks and traditional safety trades so far on Friday has been relatively modest. That's partly as a senior Iran official told Reuters that Tehran has no plan to strike back immediately while state media there had an initially subdued response. U.S. crude initially popped about 4% higher on the news to $86.3 per barrel - but stayed well shy of the year's high and reversed virtually all that gain since. To keep it in context, year-on-year oil p
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