Five Things You Need to Know to Start Your Day: Europe
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Good morning. Middle East tensions intensify with US deaths, an ECB policymaker hints at rate cuts, and embattled developer China Evergrande faces liquidation. Here’s what people are talking about.
Oil rose after separate attacks by Iran-backed militants that killed US troops in Jordan and hit a fuel tanker in the Red Sea, a marked escalation of tensions in the Middle East. The development has placed fresh pressure on US President Joe Biden, while the strike against a fuel tanker has prompted oil traders to reassess the risks of sending cargo through the area.