Oil dropped, stocks and bonds rose as the US and Iran refrained from retaliatory strikes, easing concerns over potential disruptions to Middle East energy supplies after a recent escalation in the conflict.
Brent crude fell as much as 7.4% to below $90 a barrel, before paring losses as the US paused an almost two-week run of strikes against Iran. MSCI’s Asia Pacific equities gauge rose 0.4% and contracts for the Nasdaq 100 Index climbed 1.2% as sentiment improved after last week’s selloff in chip stocks.
