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Goldman Sachs warns Brent could top $100 if Hormuz stays closed

Goldman Sachs warned Thursday that Brent crude could average above $100 a barrel through 2026 if the Strait of Hormuz remains closed to normal tanker traffic for another month. The note highlights fragility in the recent US-Iran ceasefire. "The situation remains uncertain," analysts including Daan Struyven wrote after the two-week......

Asian markets waver as Israeli strikes test US-Iran ceasefire before Islamabad talks

Global markets posted broad gains Friday as investors showed cautious optimism ahead of high-stakes US-Iran peace talks set to begin Saturday in Islamabad, Pakistan. The rebound remains fragile. Israeli strikes in Lebanon threaten to shatter the two-week truce, and the Strait of Hormuz stays largely closed to maritime trade. The ceasefire......

Middle East war splits energy markets into winners and losers

A six-week conflict involving the United States, Israel, and Iran has triggered Asia's worst energy crisis in decades, with surging fuel prices, severe LPG shortages, and widespread economic fallout. A fragile two-week ceasefire announced April 7 offers only tentative relief. Wood Mackenzie's April 6 analysis shows Asia's spot......

Dow Jones surges over 1,300 points on US-Iran ceasefire

U.S. stock markets posted sharp gains Wednesday, their strongest session in a year, after the United States and Iran agreed to a two-week ceasefire. The truce raised hopes of easing an oil shortage that had stalled the economy. The Dow Jones Industrial Average climbed 1,325 points, or 2.85 percent. The S&P 500 rose 2.5 percent, and the......

Afghanistan and Pakistan move toward dialogue in China-led peace talks

Officials from Afghanistan and Pakistan have agreed to explore a comprehensive approach to resolving their ongoing tensions following recent peace discussions hosted by China. The talks, held in the Chinese city of Urumqi, aimed to reduce hostilities and encourage both sides to pursue diplomatic solutions after months of escalating tensions......

Vance warns of unused military options as US strikes intensify on Iran's Kharg Island

U.S. Vice President JD Vance warned Iran on Tuesday that Washington retains untapped military capabilities, speaking alongside Hungarian Prime Minister Viktor Orbán in Budapest as American forces struck dozens of military targets on Kharg Island, Iran's most critical oil export terminal, hours before a presidential deadline demanding......

South Korea risks Hormuz oil runs as Asia's energy crisis deepens into sixth week

Six weeks into the war between the United States, Israel, and Iran with no ceasefire in sight, Asia, the destination for roughly 90 percent of the oil and 83 percent of the liquefied natural gas that normally transits the Strait of Hormuz, is bearing the heaviest economic toll of a conflict it did not start. Iran effectively closed the strait......

Bitcoin jumps 3% on Iran ceasefire proposal as short squeeze hits crypto market

Bitcoin climbed approximately 3 percent to trade near $69,200 on Monday, lifted by reports of a last-minute diplomatic initiative between the United States and Iran and a wave of forced liquidations that punished bearish traders across crypto markets. The rally, which pushed the leading cryptocurrency to its highest level in more than a week,......

Severe weather in Pakistan and Afghanistan leaves 121 dead in two weeks

Severe weather conditions, including heavy rainfall, storms, and flooding, have resulted in the deaths of at least 121 people across Pakistan and Afghanistan over the past two weeks, according to official disaster management authorities. In Afghanistan, the national disaster agency reported that dozens of people have lost their lives due......

Fertilizer crisis forces South Asia's farmers into hard choices ahead of planting season

The war in Iran, now entering its second month, is fueling a worsening agricultural emergency across South Asia as disruptions to energy and fertilizer supply chains threaten food production in some of the world's most populous nations. Since U.S. and Israeli strikes on Iran began on February 28, the near-total closure of maritime traffic......

Pentagon plans ground operations in Iran as war enters second month

Israel and the United States intensified their air campaign against Iran over the weekend, striking power plants, missile production sites, and nuclear facilities across Tehran and surrounding provinces as the conflict entered its second month. Iran retaliated with waves of drones and missiles targeting Israel, Saudi Arabia, Kuwait, and other......

EU energy ministers to convene Tuesday on Iran war supply crisis

European Union energy ministers will meet by videoconference on Tuesday, March 31, to coordinate a joint response to the oil and gas market disruptions triggered by the war in Iran, according to an internal EU briefing document cited by Reuters. The emergency session comes as European natural gas prices have surged more than 70 percent since......

Dollar nears 10-month high as Iran war stretches into fifth week

The U.S. dollar climbed toward a 10-month high on Monday as the war between the United States, Israel, and Iran entered its fifth week with no clear path to resolution, buoyed by safe-haven capital flows and surging oil prices that rattled global markets throughout March. The dollar index traded around 100.2, after touching 100.54 in mid-March,......

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