Intentar ORO - Gratis
Market falls as oil price rises, crisis in West Asia deepens
The Morning Standard
|October 19, 2023
DOMESTIC equity market reeled under severe selling pressure on Wednesday as geopolitical tensions in West Asia worsened following a hospital blast in Gaza, which killed about 500 people.
There are serious concerns now that the conflict between Israel and Hamas may develop into a bigger regional crisis in the Gulf and push oil prices higher. Brent oil prices rose sharply by 3% on Wednesday to $92.30 per barrel.
If the oil prices continue to go up, it will jolt many nations, including India, efforts to bring down the inflation rate. This will also prompt the central banks to maintain a hawkish stance on future interest rate hikes and prompt investors to turn to safer assets, a big negative for equities worldwide.
Esta historia es de la edición October 19, 2023 de The Morning Standard.
Suscríbete a Magzter GOLD para acceder a miles de historias premium seleccionadas y a más de 9000 revistas y periódicos.
¿Ya eres suscriptor? Iniciar sesión
MÁS HISTORIAS DE The Morning Standard
The Morning Standard
Israeli police detain top Netanyahu aide over military leak investigation
ISRAELI police said Sunday they detained a senior aide to Prime Minister Benjamin Netanyahu suspected of obstructing an investigation, with local media reporting that it was tied to leaks of military information during the Gaza war.
1 mins
January 12, 2026
The Morning Standard
Kyiv residents brave sub-zero cold after Russian strikes
BRAVING subzero temperatures, her heat cut off by Russian strikes on Kyiv, Natalia has to go to special tents set up in the Ukrainian capital to get warm - but has no plans of leaving.
1 min
January 12, 2026
The Morning Standard
PM: INDIA ON FAST TRACK TO BE 3RD LARGEST ECONOMY
PRIME Minister Narendra Modi on Sunday declared that India is rapidly advancing towards becoming the world's third largest economy, citing controlled inflation, macro stability and global confidence as key drivers amid worldwide uncertainty.
1 min
January 12, 2026
The Morning Standard
Big push to strategic ties as Modi, Merz set for talks in Ahmedabad
German Chancellor's visit to India first in Asia after taking office last year; to visit B'luru too
1 min
January 12, 2026
The Morning Standard
Single-point security check launched for Namo Bharat, Metro commuters
A single-point security check has been operationalised for commuters interchanging between Namo Bharat and the Delhi Metro at New Ashok Nagar.
1 min
January 12, 2026
The Morning Standard
14 traffic violations every minute, 20L helmetless drivers in B'luru: Police data
BENGALUREANS committed an average of 14 traffic violations every minute, with nearly 21,000 violations reported in the city every day.
1 mins
January 12, 2026
The Morning Standard
Delhi shivers at below 3°C, Rajasthan goes under zero
MINIMUM temperature in some areas of Delhi dropped below 3 degrees Celsius on Sunday, with Ayanagar recording a low of 2.9 degrees Celsius and Palam 3°C.
1 min
January 12, 2026
The Morning Standard
Alliance pact: Ramadoss demands ECI action on son
PMK founder S Ramadoss has petitioned the Election Commission (EC) seeking legal and criminal action against his son Anbumani Ramadoss for holding alliance talks with the AIADMK.
1 min
January 12, 2026
The Morning Standard
Flag atop Somnath temple symbol of India's strength, declares Modi
Speaking at Swabhiman Parv, Prime Minister calls shrine's 1,000-year history mark of victory
2 mins
January 12, 2026
The Morning Standard
Myanmar junta holds second round of voting for military-run general election
MYANMAR began a second round of voting Sunday in its first general election since the military takeover five years ago.
1 min
January 12, 2026
Translate
Change font size