Energy Markets
Brent crude sets record monthly increase after stocks plunge in Asia
Investors in Asia lowered their expectations for the Gulf conflict, which is already causing oil prices to rise at a record rate. This will lead to a surge in inflation and an increase in recession risk for much of the world. According to the 'Financial Times', Donald Trump said that the U.S. might'seize the?Kharg Island, in the Persian Gulf from where Iran exports most of its oil. But he also suggested that a ceasefire would be imminent. Pakistan has said that it is preparing "meaningful discussions" in the coming days to end the conflict with Iran, despite Tehran's earlier accusation...