Canadian dollar rises against European currencies as oil prices surge

The Canadian dollar strengthened against several major European currencies this week as crude oil prices climbed sharply amid escalating tensions involving Iran, the United States and Israel. The USD/CAD exchange rate traded near 1.3660 on Wednesday, with the Canadian dollar holding firm even as global......

Tanker traffic falls to zero in Strait of Hormuz amid Iran threats

Global oil shipping through the Strait of Hormuz has effectively halted after Iran’s Islamic Revolutionary Guard Corps declared the strategic waterway closed and threatened to attack any vessel attempting to pass, sending shockwaves through global energy markets. The crisis began on February 28......

EDP chief says Middle East war boosting demand for renewable energy

The conflict in the Middle East is reshaping the global energy debate as rising oil and gas prices renew calls for a faster transition to renewable power. As the military confrontation involving the United States, Israel and Iran enters its second week, disruptions to fossil fuel supply chains have......

South Korea halts trading as Asian markets tumble over Iran war fears

Asian stock markets fell sharply on Wednesday as escalating tensions involving the United States, Israel and Iran rattled investor confidence and pushed oil prices higher across global markets. South Korea’s Kospi index plunged as much as 10 percent, triggering circuit breakers that temporarily......

Iran conflict could erase $56 billion from Middle East tourism, report says

The growing military confrontation involving Iran could wipe out up to $56 billion in tourism revenue across the Middle East this year, according to a new analysis by Tourism Economics, a research unit of Oxford Economics. The report estimates that international visitor arrivals to the region could......

Eurozone inflation edges up to 1.9 percent as Iran conflict fuels energy shock

Eurozone inflation picked up in February as the war involving Iran, the United States and Israel sent energy markets into turmoil and revived concerns about new price pressures in Europe. A flash estimate from Eurostat showed consumer prices in the 21-country currency bloc rising 1.9 percent year on......

Eurozone inflation edges up to 1.9 percent as Iran conflict fuels energy shock

Eurozone inflation picked up in February as the war involving Iran, the United States and Israel sent energy markets into turmoil and revived concerns about new price pressures in Europe. A flash estimate from Eurostat showed consumer prices in the 21-country currency bloc rising 1.9 percent year on......

European stocks sink as Iran conflict rattles trade and energy routes

European equities posted their steepest single day drop in months on Monday as investors reacted to the deepening military confrontation involving the United States, Israel, and Iran and its fallout for global trade and energy flows. The pan-European Stoxx 600 lost around 1.8 percent, while Germany’s......

Bitcoin drops to $63,000 as Iran strikes rattle global markets

Bitcoin fell to around $63,000 after coordinated US and Israeli attacks on Iran unsettled investors and triggered a rush out of riskier assets. The leading cryptocurrency slid nearly 4 percent in rapid trading, dropping from the mid‑$65,000 area to an intraday low near $63,038, before stabilizing just......

Bitcoin swings as US and Israel strike Iran and markets eye Hormuz risk

Bitcoin tumbled then rebounded over the weekend as coordinated US and Israeli strikes on Iran, and confirmation of Supreme Leader Ayatollah Ali Khamenei’s death, jolted global markets and fueled fresh concern over energy supplies through the Strait of Hormuz. The largest cryptocurrency briefly......

Middle East conflict lifts dollar and gold as investors seek safety

The escalation of hostilities in the Middle East pushed the US dollar and gold higher on Monday, as investors turned to traditional safe-haven assets amid rising geopolitical uncertainty. Following reported joint Israeli-American strikes on Iran over the weekend, Tehran responded with missile attacks......

Safe-haven currencies climb as Iran crisis rattles global markets

Safe-haven currencies strengthened at the start of the week as investors reacted to a sharp escalation in the conflict between Iran, the United States and Israel, driving money out of risk assets and into traditional shelters. The Swiss franc rose to its strongest level against the euro since 2015, while......

Treasury yields hit multi‑month lows as Middle East war drives flight to safety

U.S. government bond yields sank to their lowest levels in months on Monday in Asian trading, as investors rushed into safe‑haven assets following a sharp escalation in the conflict involving the United States, Israel and Iran. The benchmark 10‑year Treasury yield slipped to around 3.93 percent,......

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