S&P Downgrades Israel Rating on Heightened Geopolitical Risk
Israel was downgraded by S&P Global Ratings, which joined Moody’s Investors Service in lowering the nation’s sovereign credit score as geopolitical risks in the Middle East escalated.
Israel was downgraded by S&P Global Ratings, which joined Moody’s Investors Service in lowering the nation’s sovereign credit score as geopolitical risks in the Middle East escalated.
Global markets were rocked by fresh conflict in the Middle East that sent stocks lower while oil and haven assets including Treasures and the dollar rallied.
Asian stocks plunged as broad risk aversion swept through markets on renewed concerns over an escalation of tensions in the Middle East and worries about higher-for-longer US rates.
Oil jumped after US officials said Israel struck targets in Iran, with Brent rallying on concerns over the potential for a wider regional conflict that could endanger crude supplies.
The European Union’s demand for liquefied natural gas, which provided a key lifeline during the energy crisis, will likely peak this year as the region accelerates its renewables transition, according to the bloc’s energy regulator.
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