Premarket: Global markets mixed, oil rises on Iran concerns

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Premarket: Global markets mixed, oil rises on Iran concerns
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Premarket: Global markets mixed, oil rises on Iran concerns GlobeInvestor

World stock markets were mostly lower while oil prices surged for a second day Monday following reports Washington wants to block Iranian exports.

“The broad expectation is for U.S. indices to grind higher,” Jingyi Pan of IG Markets said in a report. Oil prices rose following news reports the Trump administration will tell five nations, including allies Japan, South Korea and Turkey, they will no longer be exempt from U.S. sanctions if they import oil from Iran.Washington wants to step up pressure on Tehran by cutting of export revenue, U.S. officials told The Associated Press.

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