Iraq exported 10 million barrels of oil via the Strait of Hormuz in April, down from about 93 million barrels monthly before the Iran war, the country’s new oil minister, Basim Mohammed, said at a …
Controlled reopening ends Iran’s lengthy stock market shutdown
Stocks in companies hit by US and Israeli strikes, such as energy and steel firms, didn’t take part in the reopening.
Heat exhaustion hits Bangladesh garment workers amid power cuts
Energy cuts tied to the Iran conflict forced factories to switch off cooling systems as temperatures hit 37C with high humidity.
Wall Street closes down on renewed tensions between U.S., Iran
U.S. stocks closed slightly lower on Monday, with each of the three major indexes coming off a third straight week of gains, as renewed U.S.-Iran tensions put the durability of a two-week ceasefire in …
Bessent urges G7 to help U.S. attack Iran’s finances
The Iran war continues to wreak havoc on global oil supply and the broader economy, even as the conflict appears to be locked in an uneasy stalemate.
G7 finance ministers explore responses to Iran war fallout
By Makiko Yamazaki, Maria Martinez and David Lawder PARIS, May 19 (Reuters) – France’s finance minister urged the International Monetary Fund and the World Bank to do more to help countries most vulnerable to the fallout from the Middle East conflict,
G7 finance ministers explore responses to Iran war fallout
By Makiko Yamazaki, Maria Martinez and David Lawder PARIS, May 19 (Reuters) – France’s finance minister urged the International Monetary Fund and the World Bank to do more to help countries most vulnerable to the fallout from the Middle East conflict,
Trump warns Iran ‘there won’t be anything left’ as military action appears imminent
The Big Money Show’ panel warns President Donald Trump may be nearing military action against Iran as failed diplomacy, rising oil prices and climbing bond yields fuel fears of wider economic fallout.
India vows to keep purchasing Russian oil, US ‘waiver or no waiver’
India’s imports from Russia has hit record levels driven by the disruption of Middle Eastern supplies from the Iran war …
Impose sanctions on Iran, Trump’s treasury chief tells finance ministers
U.S. Treasury Secretary Scott Bessent on Monday urged allies to sanction Iran as peace talks between the two countries continue to stall. “We call on all the G7 and on all of our allies and the rest …