Russian oil revenues surge after US sanctions waiver boosts exports

Russia’s oil revenues recorded a sharp weekly increase after a temporary US sanctions waiver and rising global prices linked to tensions with Iran triggered a rapid market reversal, easing months of pressure on Moscow’s energy income. Seaborne oil export revenues rose by about 890 million......

Goldman says fuel prices hit harder than crude in oil shock

Goldman Sachs warned that the ongoing conflict involving the United States, Israel and Iran is driving sharper increases in refined fuel prices than in crude oil, even as Brent remains above 100 dollars per barrel amid one of the largest supply disruptions on record. The bank’s commodities team,......

Oil prices fall as US stock surge and Iraq export deal ease concerns

Oil prices declined on Wednesday as a sharp increase in US crude inventories and a deal to resume Iraqi exports offset ongoing fears of supply disruptions linked to tensions with Iran in the Gulf. Brent crude dropped about 1.2 percent to around 102 dollars per barrel, while US West Texas Intermediate......

US regulator releases long-awaited guidance on cryptocurrency classification

The U.S. Securities and Exchange Commission has issued long-anticipated guidance aimed at clarifying how cryptocurrencies are classified under federal law. The move is expected to bring greater transparency to digital asset markets and help investors better understand regulatory expectations. The new......

Neste shares gain as banks raise targets on fuel price surge

Barclays and Morgan Stanley have upgraded their outlook on Finnish renewable fuels producer Neste, citing improved margins driven by rising fuel prices linked to geopolitical tensions involving Iran. Barclays raised its rating on the company to overweight and set a price target of €32, while Morgan......

Oil prices rebound above $100 as Hormuz concerns persist

Oil prices rose sharply on Tuesday as renewed concerns over the Strait of Hormuz erased the previous day’s relief rally, highlighting ongoing disruption in one of the world’s most critical energy corridors. Brent crude climbed nearly 3 percent to around $103 per barrel, while US benchmark......

Yen weakens near 160 as markets await Fed and BoJ decisions

The Japanese yen hovered near a key intervention threshold after the USD/JPY pair reached a 52 week high of 159.75, its strongest level since mid July 2024, as traders focused on upcoming policy decisions from the US Federal Reserve and the Bank of Japan. The move places the yen close to the 160 level,......

Morocco phosphate sector remains stable as global fertilizer costs rise

Morocco’s phosphate industry is expected to remain stable despite mounting pressure across global fertilizer markets, as geopolitical tensions disrupt supply chains and push up production costs for key inputs. Fitch Ratings said rising tensions in the Middle East, including disruptions linked......

Tungsten prices surge 557 percent as China tightens export controls

Global tungsten prices have soared to record levels after China tightened export restrictions on the strategic metal, triggering supply shortages that are affecting defense and technology industries worldwide. The price of ammonium paratungstate, the main benchmark for tungsten trading, has climbed......

Currency volatility hits eight month high as Iran conflict shakes markets

Global currency markets have entered a period of heightened turbulence as the conflict involving the United States, Israel, and Iran enters its third week, driving a key measure of foreign exchange volatility to its highest level since July 2025. The Deutsche Bank currency volatility indicator rose......

Oil prices top 100 dollars after drone strike on Fujairah port

Oil prices climbed above 100 dollars per barrel on Monday as the conflict involving the United States, Israel, and Iran entered its third week, with a drone strike on the port of Fujairah in the United Arab Emirates intensifying concerns about global energy supply disruptions. Brent crude traded near......

Oil prices exceed 100 dollars as Strait of Hormuz crisis deepens

Oil prices climbed above 100 dollars per barrel at the start of the week as the conflict involving the United States, Israel, and Iran entered its third week, raising concerns about prolonged disruption to global energy supplies. West Texas Intermediate, the main United States benchmark, rose to around......

US Treasury Secretary Bessent calls talks with China in Paris constructive

US Treasury Secretary Scott Bessent described the recent economic and trade discussions with Chinese representatives in Paris as “constructive,” highlighting the stability of the bilateral relationship. Speaking to reporters after two days of meetings, Bessent emphasized that the talks demonstrated......

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