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Gold heads for worst month since 2008 as war-driven dollar surge hammers prices

Gold is on course for its steepest monthly decline since October 2008, falling roughly 15 percent in March as a surging U.S. dollar and rising Treasury yields stripped the metal of its traditional safe-haven appeal, even as a major war rages across the Middle East. The selloff has wiped more than $1 trillion in market capitalization from the......

UK raises concern over Israel’s planned expansion in Lebanon

The United Kingdom has expressed growing concern over Israel’s stated intention to expand its ground operations in Lebanon, warning of the risk of further escalation in an already volatile region. British Foreign Office Minister Hamish Falconer said the situation was “deeply concerning,” noting......

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,......

Asian currencies and stocks tumble as Iran war drives oil toward $115

Asian currencies and equity markets came under heavy selling pressure on Monday as the U.S. and Israeli military campaign against Iran, now entering its fifth week, continued to push oil prices higher and deepen risk aversion across the region. South Korea's Kospi plunged 4.73 percent at the open in Seoul, falling to 5,181.80, while the......

Cambodia cuts electric vehicle import duties amid global fuel price surge

Cambodia will eliminate import duties on passenger electric vehicles, reducing the rate from 35% to zero effective April 1. The government also removed duties on electric vehicle battery chargers, electric motors, lithium batteries and solar energy devices to help consumers cope with rising energy costs. The country imports all its oil and......

Oil tops 116 dollars as Iran conflict fuels record electric‑vehicle demand

The war between the United States, Israel, and Iran, along with a de facto closure of the Strait of Hormuz, has upended global energy markets, and the ripple effects are now reshaping how consumers around the world buy cars. With Brent crude surpassing 116 dollars a barrel this week, drivers from Seoul to Stockholm are shifting toward electric......

Netanyahu orders xepansion of security buffer zone in Southern Lebanon

Israeli Prime Minister Benjamin Netanyahu announced on Sunday that he has instructed the military to expand the existing security buffer zone in southern Lebanon, aiming to significantly alter the security situation along Israel’s northern border. In a video statement from the Northern Command, Netanyahu said, “I have just instructed......

Israel blocks Latin Patriarch of Jerusalem from celebrating Palm Sunday mass for the first time in centuries

Israeli police have prevented the Latin Patriarch of Jerusalem, Italian Cardinal Pierbattista Pizzaballa, along with the custodian of the Church of the Holy Sepulchre, from entering the holy site to celebrate Palm Sunday Mass, marking “the first time in centuries,” according to the Latin Patriarchate. Both clerics were reportedly......

Hormuz shipping paralysis blocks a third of global fertilizer trade as food crisis deepens

Four weeks into the war between the United States, Israel and Iran, the near-total paralysis of the Strait of Hormuz has blocked one third of global seaborne fertilizer trade, triggering a price surge and prompting the United Nations to warn of a "systemic shock" to global food systems as planting seasons begin across the Northern......

Thailand secures deal with Iran for safe tanker passage through the Strait of Hormuz

Thailand announced Saturday it has reached an agreement with Iran allowing Thai oil tankers to transit safely through the Strait of Hormuz, a rare diplomatic breakthrough as the strategic waterway remains virtually closed to commercial shipping amid the ongoing war between the United States, Israel and Iran. "An agreement has been reached......

IEA chief says Iran war energy crisis surpasses the oil shocks of the 1970s

The head of the International Energy Agency has declared that the global energy shock caused by the Iran war is the most severe on record, warning that no country will be spared its effects as oil prices surge and critical supply routes remain severed. IEA Executive Director Fatih Birol, speaking at the National Press Club of Australia in......

JPMorgan says Bitcoin has outperformed gold as a safe haven during the Iran war

JPMorgan analysts have concluded that Bitcoin demonstrated safe-haven demand during the Iran war, outperforming both gold and silver as precious metals suffer their worst monthly rout in years. The research note, published Wednesday by managing director Nikolaos Panigirtzoglou, provides what some analysts are calling the first empirical evidence......

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