Economy
Global oil markets are facing severe disruption as major institutions warn of an accelerating supply shock linked to geopolitical conflict and restricted maritime flows. The International Energy Agency has cautioned that crude markets could enter a critical shortage phase within weeks if key transport......
Global airline executives are gathering in Rio de Janeiro for a major industry meeting as the sector faces mounting pressure from a sharp rise in jet fuel costs linked to the war in Iran. The International Air Transport Association is expected to significantly cut its previous 2026 profit forecast of......
Gold prices rose slightly in Asian trading on Thursday as the US dollar softened, with investors reassessing the outlook for diplomacy between Washington and Tehran. The move followed a period of tight trading, with gold hovering near 4,485 dollars per ounce earlier in the week amid volatile geopolitical......
Bitcoin dropped to its lowest level in four months on Tuesday as selling pressure intensified across global crypto markets. The asset fell as much as 7 percent, briefly touching 65,707 dollars, marking its weakest point since early April. The decline unfolded during Asian and European trading sessions......
Evangelos Marinakis told shipping executives that paying Iran a transit fee of 100,000 to 200,000 dollars per vessel would be preferable to a prolonged closure of the Strait of Hormuz. He delivered the remarks at an industry forum in Athens held during a major maritime gathering. He argued that a predictable......
The European Bank for Reconstruction and Development has lowered its growth forecast for the economies in its coverage area for 2026. The institution now expects aggregate expansion of 3.1 percent, a decline of 0.5 percentage points compared with its February projection. The revision reflects the economic......
Global equity markets advanced on Tuesday as renewed enthusiasm for artificial intelligence outweighed persistent geopolitical uncertainty linked to stalled US Iran diplomatic engagement. Europe’s STOXX Europe 600 index gained about 0.7 percent, reflecting broad investor appetite for risk assets......
As military tensions around the Strait of Hormuz entered a third month, Gulf oil-producing states intensified investments in renewable energy projects abroad. The move reflects growing efforts to reduce exposure to disruptions that have constrained hydrocarbon exports and reshaped energy priorities across......
Venezuela’s crude oil and fuel exports climbed to 1.25 million barrels per day in May, marking a third consecutive monthly increase. The growth reflects a steady recovery in the country’s energy sector as international buyers expand purchases of Venezuelan crude despite ongoing political......
Oil market analysts and consultants meeting at OPEC headquarters in Vienna warned that supply disruptions caused by the closure of the Strait of Hormuz are likely to persist until the end of 2026, even if maritime traffic resumes in the near term. The assessment reflects the scale of the ongoing energy......
Global equity markets reached fresh record highs as artificial intelligence driven stocks extended a powerful rally that overshadowed rising geopolitical tensions in the Middle East. Gains in major indices continued even as Iran suspended negotiations with the United States following escalating regional......
Oil prices rose on Monday after fresh military exchanges between the United States and Iran exposed the fragility of a weeks-old ceasefire, while Wall Street prepared to enter June on the back of a record-setting rally driven by artificial intelligence stocks. Brent crude futures advanced roughly 3 percent,......
Oil prices surged at the start of the week after hopes for a swift ceasefire agreement between the United States and Iran collapsed, with last-minute demands from President Trump pushing negotiations into a new phase of uncertainty. The reversal caught energy markets off guard, as traders had spent weeks......
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