Economy
Asian stock markets fell sharply after oil prices climbed above $100 per barrel for the first time since 2022, sending shockwaves through global financial markets and intensifying fears that the expanding conflict involving Iran could trigger stagflation. Brent crude jumped as much as 20 percent to......
The International Monetary Fund warned that the expanding conflict in the Middle East could push global inflation higher as oil prices approach $120 per barrel, adding new pressure to the world economy at a time when weak labor data in the United States is intensifying concerns about stagflation. IMF......
Stock markets across Asia fell sharply on Monday as crude oil prices jumped above $115 per barrel, heightening concerns that escalating tensions between the United States and Iran could damage the global economy. South Korea’s Kospi index dropped more than 8 percent, triggering a circuit breaker......
Kuwait has implemented a precautionary reduction in crude oil production and refining throughput amid ongoing tensions with Iran, the Kuwait Petroleum Corporation (KPC) announced on Saturday. The move follows recent Iranian attacks against Kuwaiti territory and concerns over safe passage of ships through......
Oil prices have surged to levels not seen since 2023 following eight days of conflict in the Middle East. Investors are increasingly concerned as disruptions to oil flows from the Gulf region continue, fueled by tensions in the Strait of Hormuz. The West Texas Intermediate (WTI) benchmark closed at......
Global financial markets ended a turbulent week as surging oil prices and escalating tensions between the United States, Israel and Iran triggered widespread investor anxiety and renewed concerns about inflation. Wall Street closed sharply lower on Friday after a volatile trading session. The Dow Jones......
As the war between the United States and Iran enters its second week, major Wall Street banks are rapidly adjusting investment strategies. Financial institutions are directing capital toward defense companies, energy producers and tangible assets while warning that a prolonged conflict could reshape......
Global oil markets experienced a sharp surge this week, with prices climbing nearly 30%, marking levels unseen since 2023. The escalation of conflict in the Middle East has disrupted key supply routes from the Gulf, fueling uncertainty in energy markets. Brent crude, the international benchmark, closed......
Global oil markets could experience a sharp rise in prices if geopolitical tensions in the Middle East persist, according to a recent assessment by analysts at Barclays. The British bank warned that the benchmark crude price Brent Crude could potentially climb to around $120 per barrel if the current......
France said dozens of its vessels are trapped in the Persian Gulf as the escalating conflict involving Iran, the United States, and Israel effectively shuts down the Strait of Hormuz, one of the world’s most critical maritime chokepoints. French Transport Minister Philippe Tabarot said Friday......
European stock markets opened higher on Friday while oil prices edged lower, offering investors brief relief after a week of sharp volatility driven by the escalating conflict involving Iran. The broader market mood remained cautious as the confrontation between the United States and Israel on one side......
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......
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......
