Economy
Bitcoin crossed $72,000 Friday, fueled by cautious optimism over upcoming US-Iran ceasefire talks and anticipation of a key inflation report later in the day. The top cryptocurrency rose 1.6% to around $72,159 early session, positioning for a roughly 7.3% weekly gain as risk appetite improved to support......
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......
The Trump administration announced Thursday a solicitation for loans of up to 30 million barrels of light crude from the Strategic Petroleum Reserve. This marks the third such exchange since the US tapped emergency stocks last month to counter supply disruptions from Iran's Strait of Hormuz blockade. Bids......
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......
The Bank of France has completed the withdrawal of its remaining gold reserves from the New York Federal Reserve, ending nearly a century of partial overseas storage. Conducted in 26 transactions from July 2025 to January 2026, the operation covered 129 tonnes—about 5 percent of France's total......
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......
Six weeks into the U.S.-led military campaign against Iran, the economic fallout is accelerating. The closure of the Strait of Hormuz, a strategic passage through which roughly 20% of the world's oil supply flows, has sent crude prices surging, pushed U.S. gasoline to its highest level in nearly......
As conflict involving the United States, Israel, and Iran continues to destabilize global energy markets and effectively close the Strait of Hormuz, China's long-running transition toward electric vehicles and renewable energy is providing the world's largest crude oil importer with a notable......
Ruchir Sharma, chairman of Rockefeller International, warned this weekend that the world has never entered a crisis carrying such a heavy debt burden, leaving the United States, despite being the world's largest oil producer, particularly exposed to the energy shock triggered by the Iran war. In......
The war in Iran, which broke out in late February, is reshaping car-buying behavior across the world. As fuel prices surge on the back of oil supply disruptions, consumers in the United Kingdom and Australia turned to electric vehicles in record numbers in March 2026, according to recently published......
The worst energy crisis in modern history will ultimately accelerate the worldwide transition to renewables, nuclear power, and electric vehicles, International Energy Agency executive director Fatih Birol said in an interview published Tuesday by French daily Le Figaro. Birol described the current......
Asian stocks and emerging market currencies edged higher on Monday as reports of a possible temporary ceasefire between the United States and Iran lifted investor sentiment, despite an approaching deadline set by US President Donald Trump for Tehran to reopen the Strait of Hormuz. Trading volumes remained......
Supply chain pressures in the United States increased in March, reaching levels not seen since early 2023, according to data released by the Federal Reserve Bank of New York. The bank’s latest Global Supply Chain Pressure Index (GSCPI) rose to 0.68 in March, up from 0.54 in February. A reading......
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