Any escalation of conflict in the region will affect energy prices, say experts

TheStar Tue, Apr 16, 2024 12:00am - 2 weeks View Original


KUALA LUMPUR: Risk assets, including equities on Bursa Malaysia, may see subdued sentiment for the time being as the world grapples with a wildcard of further heightened geopolitical tensions in the Middle East.

Analysts are closely monitoring Israel’s response to the mass Iranian missile and drone attacks over the weekend.

The United States had reportedly announced that it would not participate in any retaliatory strikes against Iran, but there are lingering concerns of a broader military conflict in the Middle East.

Israel president Isaac Herzog had described Iran’s missile attack as a “declaration of war” but said Israel would exercise restraint on the issue.

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