iSAM Securities Launches CFDs on Futures to Meet Growing Client Demand

Global stock markets stabilised slightly after a sharp selloff as oil prices steadied around $100 per barrel. Investors remain cautious as tensions escalate between the US and Iran, particularly after Iran signalled it may keep the Strait of Hormuz effectively closed, threatening global energy supply.

Global financial markets declined after attacks on oil tankers in Iraqi waters intensified fears about the security of Middle Eastern energy infrastructure. Iraq halted operations at its oil ports, Oman evacuated a key export terminal, and Bahrain accused Iran of targeting fuel tanks.

Oil held below $90 a barrel after a report on the proposed release of oil reserves to ease higher energy prices boosted market confidence, following recent volatility across assets. Brent crude fell 0.2% after plunging 11% in the prior session.