Keywords: Oil
Escalating conflict in the Middle East could reduce economic output across Asia Pacific by up to 3 percent in a prolonged war scenario, according to a new assessment by Moody’s Analytics. The report projects regional growth slowing to 4 percent in 2026 from 4.3 percent in 2025, with further moderation......
DoorDash has introduced an emergency relief program aimed at supporting delivery drivers in the United States as fuel prices continue to rise sharply. The initiative comes at a time when gig workers are facing increasing operating costs due to higher gasoline prices linked to global energy market disruptions. Under......
Japan’s Nikkei 225 index fell sharply by nearly 5 percent on Monday, losing more than 2,600 points as escalating conflict in the Middle East triggered a broad selloff across Asian markets and intensified concerns over a prolonged energy-driven inflation shock. South Korea’s Kospi dropped......
The US dollar strengthened sharply as tensions between Washington and Tehran escalated ahead of the expiration of President Donald Trump’s ultimatum over the Strait of Hormuz, driving investors toward safe-haven assets and pressuring Asian currencies and equities. The dollar index rose to around......
Goldman Sachs has sharply increased its oil price outlook for 2026, citing what it describes as the largest supply shock in history driven by the near-total disruption of flows through the Strait of Hormuz. The bank now expects Brent crude to average $85 per barrel this year, up from a previous forecast......
U.S. stock index futures fell on Monday as escalating tensions in the Middle East fueled concerns over energy infrastructure and sent oil prices soaring above $100 a barrel. The heightened conflict prompted investors to reassess expectations for Federal Reserve interest rate cuts, reducing optimism for......
European stock markets opened sharply lower on Monday, weighed down by surging oil prices and ongoing conflict in the Middle East, with no signs of de-escalation as the fourth week of tensions begins. At around 9:05 a.m. Paris time, major indices were down: Paris’s CAC 40 fell 1.44%, London’s......
The world is facing an energy crisis more severe than the combined oil shocks of the 1970s, the International Energy Agency warned, as tensions between the United States and Iran escalate over control of the Strait of Hormuz. The warning comes as US President Donald Trump issued a 48-hour ultimatum......
Oil prices have surged to their highest levels in nearly four years as the conflict involving Iran disrupts global energy supply, raising inflation risks and reviving concerns about stagflation. Brent crude closed at $112.19 per barrel on Friday, its highest level since July 2022. In the United States,......
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