Gold steadies near $5,000 as Iran conflict clouds Fed rate outlook

Gold traded near the $5,000 per ounce mark on Monday as the United States and Israel conflict with Iran entered its third week, while rising oil prices complicated expectations for interest rate cuts by the Federal Reserve and limited the metal’s upward momentum. Spot gold edged up about 0.1 percent......

South Korea tanker operator Sinokor gains windfall as Strait of Hormuz crisis drives shipping rates

The effective closure of the Strait of Hormuz has pushed global oil tanker freight rates to unprecedented levels, reshaping maritime trade and delivering exceptional profits for shipping companies that positioned themselves ahead of the crisis. Daily charter rates for very large crude carriers, or VLCCs,......

Bitcoin approaches $74,000 as Middle East oil crisis fuels crypto rally

Bitcoin climbed sharply during Asian trading on Sunday, testing the $74,000 level as escalating tensions in the Middle East and surging oil prices pushed investors toward cryptocurrencies as a hedge against geopolitical uncertainty. Other major digital assets also posted strong gains, allowing the broader......

Iran warns it could target U.S.-linked companies if its energy infrastructure is attacked

Tensions in the Middle East continue to escalate as Iranian officials warn of potential retaliation if the country’s energy infrastructure becomes a target of military strikes. Iran’s foreign minister, Abbas Araghchi, stated that Tehran would respond firmly to any attack on its energy facilities.......

Moroccan dirham weakens against Euro and US dollar in early March

The Moroccan dirham weakened against major currencies during the first week of March, according to weekly indicators released by Bank Al-Maghrib. Between March 5 and 11, the dirham depreciated by 0.5% against the Euro and 0.8% against the United States dollar,......

Oil shock from Iran conflict spreads surcharges across global economy

Companies around the world are rapidly introducing energy surcharges as the oil shock linked to the Iran conflict pushes costs higher across transport, manufacturing, agriculture, and consumer industries. Economists warn that the combination of rising inflation and slowing economic growth is reviving......

Diesel shortages threaten farming across continents amid Iran conflict

A growing diesel shortage triggered by disruptions to global energy supplies is threatening agricultural activity across multiple continents, raising concerns about rising food prices in the months ahead. Two weeks after the start of the US Israeli conflict involving Iran, the effective closure of the......

Iraq faces salary crisis as oil exports collapse during Iran conflict

Iraq is confronting a severe economic shock as the near collapse of its oil exports threatens the government’s ability to pay public sector salaries as early as next month. Officials warn that the country’s oil dependent economy is approaching a fiscal crisis after the disruption of its main......

European stocks record first consecutive weekly drop of 2026 amid Iran war

European equity markets posted their first back to back weekly decline of the year as the military confrontation involving Iran pushed oil prices higher and deepened economic uncertainty across the region. While energy producers and utilities gained from the surge in crude prices, banks, airlines, and......

CF Industries hits record high as Iran war disrupts global fertilizer supply

Shares of CF Industries Holdings surged more than 13 percent on Thursday, reaching a record high as the escalating conflict involving Iran disrupted global fertilizer supply chains. The nitrogen fertilizer producer closed at $136, up $15.87 for the session after touching an intraday peak of $137.44.......

Switzerland maintains mandate for US trade negotiations, says minister

Switzerland is reaffirming its commitment to ongoing trade negotiations with the United States, aiming to formalize a deal on tariffs initially agreed last year, Economy Minister Guy Parmelin said on Friday. Speaking from Zurich, Parmelin highlighted that Switzerland will continue discussions with the......

Euro falls to 2026 low as Middle East oil crisis pressures Europe

The euro weakened for a fourth consecutive session on Thursday, sliding to its lowest level of 2026 as the U.S. and Israeli military campaign against Iran continued to disrupt global energy markets and weigh on Europe’s energy dependent economy. The European Central Bank’s reference rate......

Traders anticipate possible Federal Reserve interest rate cut by September

Investors in global financial markets are increasingly betting that the Federal Reserve may begin lowering interest rates later in 2026, with many traders pointing to September as a possible timeframe for the first reduction. Market expectations shifted following the release of new inflation data in......

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