Asian markets mixed as Iran conflict enters seventh day

Asian financial markets ended a volatile week with mixed results on Friday as oil prices eased slightly after days of sharp swings triggered by the escalating conflict involving Iran. The fighting, now in its seventh day, has disrupted global energy flows and unsettled investors across major asset classes. The......

Euro risks falling below parity with dollar if Iran war drags on

The euro has dropped to around $1.16 against the US dollar, its lowest level since late 2024, as escalating conflict involving Iran pushes investors toward safe haven assets and raises fears of stagflation across energy dependent European economies. The currency’s decline accelerated following......

Asia Europe airfares surge as Middle East airspace closures disrupt travel

Airfares between Asia and Europe have surged dramatically after airspace closures across the Middle East disrupted global flight routes, forcing travelers to rely on a limited number of direct connections operated by Asian carriers. On March 5, a one way economy class ticket from London Heathrow to......

Oil price surge threatens Germany with $46 billion economic hit, warns IW

Rising oil prices driven by escalating tensions in the Middle East are sending shockwaves through global economies, raising concerns about slower growth, higher inflation, and tighter monetary policy if crude prices remain elevated. Governments and central banks from Europe to Asia are confronting mounting......

UAE central bank reassures markets as Iranian strikes rattle region

The Central Bank of the United Arab Emirates sought to reassure investors as tensions escalated in the Gulf, with Governor Khaled Mohamed Balama stating that the country’s financial system remains resilient despite Iranian missile and drone strikes. In an official statement, Balama said the UAE’s......

Canadian dollar rises against European currencies as oil prices surge

The Canadian dollar strengthened against several major European currencies this week as crude oil prices climbed sharply amid escalating tensions involving Iran, the United States and Israel. The USD/CAD exchange rate traded near 1.3660 on Wednesday, with the Canadian dollar holding firm even as global......

Investors keep buying emerging market ETFs despite sharp market selloff

Investors continued pouring money into emerging market exchange traded funds on March 3 despite a sharp global market correction triggered by escalating geopolitical tensions linked to Iran. The MSCI Emerging Markets Index recorded its steepest one day decline since April, reflecting a broad selloff......

Gold plunges as surging dollar dominates safe haven demand

Gold prices recorded their sharpest one day drop of 2026 on Tuesday, falling more than 4 percent as the US dollar strengthened amid escalating tensions linked to the conflict involving Iran. The move came just one day after gold had surged above $5,390 per ounce on heavy safe haven buying triggered by......

Moroccan economy minister discusses regional tensions and French investment interest

Morocco’s Minister of Economy and Finance, Nadia Fettah Alaoui, appeared on the business program Le Monde Qui Bouge – L’Interview during the show Good Morning Business, hosted by Sandra Gandoin. During the interview, Fettah Alaoui addressed the potential economic consequences for Morocco......

Gold plunges as surging dollar outweighs Middle East war premium

Gold and silver recorded their steepest single session declines of 2026 on Tuesday as a surge in the U.S. dollar and rising Treasury yields outweighed safe haven demand driven by the escalating Middle East conflict. Gold fell more than 4 percent during trading, briefly dropping below $5,000 per ounce......

Bitcoin tops $71,000 as short squeeze fuels rebound after Iran crisis

Bitcoin climbed sharply on Wednesday, rising more than 6 percent to surpass $71,000 for the first time since early February as a wave of short liquidations and renewed institutional demand fueled a rapid market rebound. The cryptocurrency traded near $71,018 during morning trading, according to data......

Tanker traffic falls to zero in Strait of Hormuz amid Iran threats

Global oil shipping through the Strait of Hormuz has effectively halted after Iran’s Islamic Revolutionary Guard Corps declared the strategic waterway closed and threatened to attack any vessel attempting to pass, sending shockwaves through global energy markets. The crisis began on February 28......

India LNG importer declares force majeure as Qatar gas shutdown spreads

The suspension of liquefied natural gas production in Qatar after Iranian drone strikes has disrupted global energy markets and forced India’s largest LNG importer to declare force majeure as supply shortages ripple across Asia. QatarEnergy halted operations at its Ras Laffan complex on March......

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