The dollar index (DXY00) rose by +0.61% on Tuesday and posted a 3.25-month high. The dollar extended Monday’s rally on Tuesday after oil prices soared to an 8.5-month high, boosting inflation expectations and reducing the chance of additional Fed rate cuts, a supportive factor for the dollar. Market expectations for Fed easing have fallen, with […]
Dollar Strengthens as Fed Rate Cut Chances Dim Read More »
The Indian Rupee (INR) declines against the US Dollar (USD), extending its losing streak for the fifth successive session. The USD/INR pair reached a fresh record high of 92.67 during the Asian hours on Wednesday. Traders expect the Reserve Bank of India (RBI) to sell dollars to avert steeper rupee losses. The INR faces challenges
USD/INR reaches fresh highs as Indian Rupee struggles on higher Oil prices Read More »
As geopolitical instability ripples through the Middle East, the Kenyan government says it is taking a firm stance to protect the local economy from potential energy shocks. Energy and Petroleum Cabinet Secretary Opiyo Wandayi has moved to calm public anxiety, confirming that the nation’s fuel taps will remain open despite the brewing global crisis. CS
CS Wandayi Reveals Kenya’s Fuel Security Plan as Global Oil Prices Face Pressure Read More »
By Charles Kennedy – Mar 02, 2026, 2:15 PM CST Average U.S. gasoline prices climbed above $3 per gallon on Monday for the first time since November, as escalating conflict with Iran rippled through global energy markets and pushed crude and fuel prices sharply higher. According to Reuters, retail gasoline crossed the $3 threshold as
U.S. Gasoline Tops $3 as Iran Conflict Sends Fuel Prices Higher Read More »
Brent crude spikes over $82 amid West Asia tensions, lifting energy stocks and freight rates, threatening India’s import bill, inflation, fiscal balances, and rupee stability… https://www.cnbctv18.com/access/rising-oil-prices-and-freight-rates-hit-india-amid-west-asia-conflict-19861253.htm
Rising oil prices and freight rates hit India amid West Asia conflict Read More »
….. https://www.premiumtimesng.com/business/business-news/860753-oil-prices-jump-9-per-cent-amid-us-israel-war-on-iran.html
Oil prices jump 9 per cent amid US/Israel war on Iran Read More »
A coalition of OPEC, Russia and allied oil-producing nations agreed Sunday to boost output by a larger-than-expected amount in a move that could help offset any shortfall from Iran amid this weekend’s strikes.Why it matters: The OPEC+ boost of 206,000 barrels per day is an early sign of how producers and companies will respond to
Oil prices fallout: OPEC producers boost output after Iran strikes Read More »
Edmonton · Analysis The Alberta government’s new budget projects years of deficits due to slumping oil prices. Some experts say the province’s predictions for price recovery may be optimistic. Province’s predictions for price recovery may be optimistic, some experts say Taylor Lambert · CBC News · Posted: Mar 01, 2026 8:00 AM EST | Last
Alberta’s reliance on oil revenues means that when prices fall, the economy follows Read More »
Saturday 28 February 2026 10:45 am Trump’s attack could lead Iran to cause a new oil price surge. (Image: Getty) City analysts and policymakers are on edge as a possible attack by Iran on the Strait of Hormuz could send oil prices spiralling. Investors fear a new inflationary shock could hit major economies including the
Investors tremble as Iran risks oil price spiral with attack on Strait of Hormuz Read More »
Israeli Prime Minister Benjamin Netanyahu announced that Israel, in coordination with the United States, launched a joint military operation against Iran, citing the need to eliminate what he called an “existential threat” posed by Tehran’s regime and its nuclear ambitions. Netanyahu framed the coordinated offensive as a decisive step to prevent Iran from acquiring nuclear
