Keywords: Brent
Several Gulf states have privately conveyed serious concerns to the Trump administration over the president's threats to target Iranian desalination plants, warning that such strikes could trigger catastrophic retaliation against their own water infrastructure. The warnings reveal a deepening rift......
Traders placed a record $977 million against crude oil in March, pouring capital into the ProShares UltraShort Bloomberg Crude Oil ETF in the largest monthly inflow the fund has recorded since its launch in November 2008. The bet has so far gone badly wrong. SCO, which delivers twice the daily inverse......
Oil markets endured another turbulent session on Wednesday as traders struggled to reconcile Donald Trump's signals of an imminent end to the U.S.-Iran war with the reality of continued fighting and a largely closed Strait of Hormuz. Brent crude, which had opened higher during Asian trading, reversed......
The war involving Iran has disrupted global energy markets, cutting about 8 million barrels of crude oil per day and a fifth of global liquefied natural gas supply. Far from the Strait of Hormuz, African energy producers are emerging as long-term beneficiaries of the shock. Major producers including......
Yemen’s Houthi forces launched their first direct strikes on Israel on Saturday, marking a new phase in the ongoing conflict involving the United States, Israel, and Iran. The escalation has raised concerns that the Red Sea, now a critical alternative route for oil shipments, could become a major......
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......
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 USD/JPY pair traded just below the key 160.00 level Friday. Japanese Finance Minister Satsuki Katayama issued her strongest intervention warning yet against the yen's persistent slide, driven by soaring oil prices and Middle East tensions. Katayama told reporters Friday that authorities must......
The European Central Bank faces classic stagflation pressures from the Iran war: surging energy prices pair with stagnant growth, forcing rate hike considerations officials hoped to avoid. ECB President Christine Lagarde told The Economist in a Thursday interview that conflict-linked energy disruptions......
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