Some big Japanese trading houses forecast on Friday record annual profits as the U.S.-Israeli war on Iran keeps commodity prices high, while Japanese utilities warned of weaker earnings as fuel procurement costs spike.
Japan risks Trump’s ire as Iran war fallout sparks currency intervention
“FX intervention will only get them so far,” one strategist said after the yen surged.
Dubai chefs shrink menus as Iran conflict makes tomatillos, scallops harder to source
Restaurants are reporting shortages of imported produce and a drop in customer demand linked to weaker tourism flows …
US and Iran clash over latest Strait of Hormuz proposals
Oil prices (CL=F, BZ=F) remain elevated above $100 per barrel amid the latest back-and-forth between the US and Iran, as Iranian officials double down on their nuclear program as a key holdout to …
Japan trading houses expect record profits but utilities forecast pain as Iran war weighs
By Yuka Obayashi and Katya Golubkova TOKYO, May 1 (Reuters) – Some big Japanese trading houses forecast on Friday record annual profits as the U.S.-Israeli war on Iran keeps commodity prices high, …
UAE leaves OPEC in major blow to global oil producers’ group
The United Arab Emirates said on Tuesday it was quitting OPEC, dealing a heavy blow to the oil producers’ group as an unprecedented energy crisis triggered by the Iran war exposes discord among Gulf …
4 charts show how war is throttling Iran’s economy
The economic damage to Iran has accelerated since the US imposed a naval blockade, which has hit Iran’s oil sales and cut the nation off from imports.
4 charts show how war is throttling Iran’s economy
The economic damage to Iran has accelerated since the US imposed a naval blockade, which has hit Iran’s oil sales and cut the nation off from imports.
Iranian economic collapse may come too late for Trump
By Parisa Hafezi and Angus McDowall DUBAI, April 30 – Weeks of conflict have aggravated Iran’s dire economic problems, risking calamity after the war, but the Islamic Republic looks able to survive a …
Pakistan double crosses America, announces 6 new land routes to Iran amid Hormuz blockade
By providing this strategic lifeline, Islamabad risks a severe diplomatic rift with the US, signalling a tactical shift towards regional alliances and Iranian energy dependence.