💨 Abstract

Asian stocks declined on Friday, with oil prices poised for a significant weekly increase, due to escalating tensions in the Middle East. President Biden stated that the U.S. is discussing strikes on Iran's oil facilities in retaliation for Iran's missile attack on Israel. This sparked a surge in oil prices, which were already on the rise due to the widening conflict in the Middle East. Brent crude futures dropped 0.

Courtesy: theprint.in

Summarized by Einstein Beta 🤖