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US faced with few good options to tamp down surging oil prices Read More »
Global stock markets have continued to take a hammering as oil prices rocketed in their biggest weekly gain for six years, with no sign of a swift resolution to the conflict in the Middle East. London’s FTSE 100 Index slumped 1.6% lower at one stage before closing about 130 points, or 1.2%, lower at 10,284.75
Stock markets tumble as oil prices surge in biggest weekly gain since 2020 Read More »
Synopsis Middle East conflict presents short-term challenges for India’s economy, including oil price hikes and export disruptions, but is unlikely to derail long-term growth. An RBI panel member highlighted the need for coordinated fiscal and monetary policies to achieve an 8% GDP growth trajectory, supported by manufacturing and services. Inflation remains benign, offering a ‘Goldilocks’
Middle East conflict poses near-term challenges to Indian economy: RBI MPC member Read More »
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The USD/CAD pair loses ground to near 1.3630 during the early Asian session on Thursday. The Canadian Dollar (CAD) gathers strength against the Greenback amid a jump in oil prices. Traders will take more cues from the US weekly Initial Jobless Claims reports later on Thursday. The escalating US-Iran conflict and potential supply disruptions in the Strait of
Canadian Dollar jumps above 1.3600 on rising crude oil prices Read More »
West Texas Intermediate (WTI) Oil price remains stronger for the third successive session, trading around $74.80 per barrel during the Asian hours on Thursday. Crude Oil prices climb as supply disruptions persist amid ongoing Middle East war. United States (US) and Israeli strikes on Iran have escalated regional tensions, prompting Iranian retaliatory attacks on energy
WTI holds gains near $75.00 as supply disruptions persist through the Strait of Hormuz Read More »
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J.P. Morgan revamps oil prices target for the rest of 2026 Read More »
Oil prices soared and stocks fell in Asia yesterday after US-Israeli strikes on Iran sent investors fleeing the prospect of an extended conflict in the crude-rich Middle East. Brent briefly spiked almost 14% and West Texas Intermediate nearly 12 percent at the start of business after the attack on the Islamic republic, which killed supreme
Oil prices surge as stocks tumble following US-Israeli strikes on Iran Read More »
Global oil prices jumped 13% after U.S. and Israeli strikes on Iran, which reportedly killed Iran’s Supreme Leader, Ayatollah Ali Khamenei. In response, Iran moved to block the Strait of Hormuz, a key route that carries 20% to 30% of the world’s oil supply. Experts warn that if this route remains closed for a week,
Bitcoin Price at Risk as Oil Jumps 13% After U.S.–Israel Strikes Iran Read More »
