By Akin Nazli in Belgrade Turkey’s central bank has offloaded its US Treasury holdings in a reconfiguration of its FX liquidity position amid the latest chapter of the Iran War. The move can be seen …
Oil prices could spike next week without Iran deal: GasBuddy
GasBuddy’s head of petroleum analysis Patrick De Haan on Wednesday said there could be a jump in gas prices next week if the U.S. and Iran do not reach a deal to reopen the Strait of Hormuz. De Haan …
Scott Bessent sends strong message on Iran finance to G7
The Treasury chief delivered a hard-line ask in Paris that could ripple from oil tankers to your gas tank.
India Prepares to Send Oil Tankers Through Hormuz for New Supply
India is preparing to send vessels through the Strait of Hormuz to load up energy cargoes from suppliers in the Middle East, according to people familiar with the matter, the first time since the Iran …
Iraq exported 10 million barrels of oil through Strait of Hormuz in April
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,