The war in Iran, which has pushed up oil prices to around $100 a barrel, is scrambling the path the Federal Open Market Committee may have seen for interest rates this year.
G7 won’t release oil reserves yet to quell surging oil prices amid Iran war
G7 finance ministers said they were monitoring the situation and were prepared to implement ‘necessary measures,’ but stopped short of committing to release emergency reserves.
Turkey Says NATO Defenses Shot Down a Second Iranian Missile
A ballistic missile launched from Iran entered Turkish airspace on Monday and was shot down by NATO defenses, the Turkish defense ministry said in a statement. It was the second time in six days that …
Oil prices jump and markets slide as Iran names new supreme leader and digs in
Oil prices surged and stock markets slid after hard-line Ayatollah Mojtaba Khamenei was chosen to succeed his late father as Iran’s supreme leader.
US, Israel War on Iran LIVE: Brent crude recovers 6% to $96 per barrel after G7 intervention
Earlier today, G7 held an emergency meeting to address surging oil prices after Brent crude prices neared $120/barrel. The International Energy Agency called for a coordinated release of emergency …
UAE and Turkey intercept Iranian missiles, as UK chancellor warns inflation rate likely to rise due to war
Earlier, a meeting of G7 finance ministers and the International Energy Agency ended apparently without agreement to release strategic oil reserves.
UAE and Turkey intercept Iranian missiles, as UK chancellor warns inflation rate likely to rise due to war
Earlier, a meeting of G7 finance ministers and the International Energy Agency ended apparently without agreement to release strategic oil reserves.
Crude oil prices spike as a broadening Iran war threatens both transport routes and production
The price of Brent crude, the international benchmark, briefly surged to $119.50 per barrel on Monday — its highest level since the summer after Russia invaded Ukraine in 2022. West Texas Intermediate …
Vietnam mulls removing fuel duties as Mideast war hits supplies
Vietnam is considering a plan to scrap tariffs on fuel imports, the government said, as the US-Israeli war with Iran disrupts oil supplies and pushes prices to their highest level since 2022. Since …
Dubai property stocks tumble 20 per cent; what it means for investors
Dubai real estate stocks have plunged 20% in just five days as tensions escalate in West Asia following the Iran-US-Israel conflict.