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Posted on May 8, 2026

US revises UN resolution on Iran but China, Russia still expected to veto

May 8 (Reuters) – Washington has revised its proposed U.N. resolution demanding Iran halt attacks and mining in the Strait of Hormuz but the changes are unlikely to avert Chinese and Russian vetoes, …
Posted on May 8, 2026

An Iran Peace Deal Could Be Getting Close — and Here’s the Case for Another Bullish Trump Rally

Broad markets got a nice boost going into the midweek as hopes for an Iran-U.S. peace deal spiked. Undoubtedly, things could go either way as the U.S. awaits Iran’s response to its one-page proposal.
Posted on May 8, 2026

An Iran Peace Deal Could Be Getting Close — and Here’s the Case for Another Bullish Trump Rally

Broad markets got a nice boost going into the midweek as hopes for an Iran-U.S. peace deal spiked. Undoubtedly, things could go either way as the U.S. awaits Iran’s response to its one-page proposal.
Posted on May 8, 2026

The Iran war exposes fiscal fragility around the world

By Ben Aris in Berlin The Iran war has arrived at the worst possible fiscal moment for most of the world’s major economies. Governments that spent heavily through Covid, ramped up defence budgets in …
Posted on May 8, 2026

Air India to Cut Costs, Reduce Flights as War Worsens Financial Struggles

Air India Ltd. is looking to implement measures to cut costs and reduce flights in the wake of the Iran war, people familiar with the matter said, just as the unprofitable airline searches for a new leader to navigate an exceptionally difficult period.
Posted on May 8, 2026

War slows down Qatar’s property growth again

Qatar’s already-struggling property market remained stagnant in the first three months of the year as the US-Israeli war with Iran thwarted any hopes of growth. And without a thriving job market or …

( read original story …)



Posted on May 8, 2026

Oil prices rise as US and Iran exchange fire in Strait of Hormuz

Oil prices rose and stock markets pulled back slightly on Friday after the US and Iran exchanged fire in the Strait of Hormuz, although Asian markets remained on course for their strongest weekly …
Posted on May 7, 2026

Appliance giant Whirlpool says the Iran war has caused ‘recession-level industry decline’

Whirlpool flagged in its latest earnings report the damage it’s seen caused by the Iran war, with consumer confidence collapsing in recent months.
Posted on May 7, 2026

Former Trump Secretary of Defense: An Iran deal might take months, and they won’t unconditionally surrender

The stock market may be ignoring the geopolitical risks from a prolonged conflict with Iran, but maybe it shouldn’t.
Posted on May 7, 2026

Shell profits surge as Iran war drives oil prices higher

Europe’s biggest oil and gas company more than doubled first-quarter profits as the Iran war and the effective closure of the Strait of Hormuz sent energy prices sharply higher.View on euronews …

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