New York —
Oil prices Wednesday paused their recent surge, supporting a rebound in European and US stocks, as investors hold hope for limited long-term disruptions to energy markets and monitor developments in the Middle East.
Global investors are digesting the market turmoil spurred by the US war with Iran and subsequent conflict across the region. Asian stocks sank Wednesday, while European and US stocks steadied after two days of intense volatility.
South Korea and Japan rely on imports of liquified natural gas from the Middle East, leaving their economies and market particularly exposed