Keywords: Iran
Nearly one month after US and Israeli strikes hit Iran on February 28, the effective Strait of Hormuz closure triggered Asia's worst energy crisis in decades. Regional governments rolled out fuel rationing, cut workweeks, and scrambled for alternative supplies. Asia depends on over 80% of the oil......
Jet fuel prices have more than doubled since the US-Israeli war against Iran began late February. They surpassed $4 per gallon this week, per Airlines for America data. Airlines globally pass costs to travelers amid peak spring break and rising summer bookings. United Airlines CEO Scott Kirby warned......
European markets surged Wednesday after reports of a US ceasefire proposal to Iran sparked hopes for de-escalation in the month-old Middle East conflict. The advance lifted travel and finance stocks while pushing oil below $100 a barrel. The STOXX 600 rose 1.3% to 586.73 points mid-morning in London,......
Major blue-chip firms rushed to lock in funding during brief market lulls as the US-Iran conflict disrupts global bond markets and drives up borrowing costs. Danone led a wave of European bond issuances Wednesday with a three-tranche deal. It drew over 6.5 billion euros in orders for euro-denominated......
European Central Bank President Christine Lagarde warned Wednesday that companies and workers could transmit rising energy costs stemming from the Iran conflict more rapidly than they did during the 2022 inflation surge, because the memory of that episode remains fresh. Speaking at the ECB and Its Watchers......
Bitcoin has emerged as an unexpected winner amid the turmoil triggered by the United States-Iran conflict, outperforming both gold and the S&P 500 since hostilities began on February 28, according to an analysis by River Financial, a Bitcoin-focused financial services platform. Data show Bitcoin......
A vessel broadcasting the identity of a scrapped liquefied natural gas carrier crossed the Strait of Hormuz on March 20, becoming the first known zombie ship to use such a tactic in the contested waterway since the Middle East war began, Bloomberg first reported. Days later, a second zombie tanker followed,......
Italy’s economy is expected to grow just 0.5% in 2026, the country’s main business association, Confindustria, said on Wednesday. This is a downgrade from its previous forecast of 0.7% in October, as the organization highlighted the potential risks if the Iran conflict continues. Last year,......
Silver climbed sharply in early trading on March 25, breaking above $73 per ounce as investors continued to seek refuge in precious metals amid a US-Iran conflict now approaching its fourth week. The white metal gained more than 5% from the previous session's close, according to COMEX futures data,......
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