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Trump's Iran warning sends oil prices soaring and global markets tumbling
Global markets experienced a turbulent start to the week, with Asian stocks largely retreating and oil prices surging, following a stark warning from Donald Trump to Tehran that 'the clock is ticking' amid stalled negotiations over a permanent end…
Indonesian Rupiah Falls to Record Low on Oil as Markets Reopen
The Indonesian rupiah fell to a new all-time low and stocks slid as oil prices advanced and as local markets reopened after a two-day holiday. The rupiah dropped 1.1% to 17,658 per dollar on Monday, the worst performer in the region. Equities…
Bond market rout deepens as investors fear 'stagflationary shock' from higher oil prices - business live
Good morning, and welcome to our rolling coverage of business, the financial markets and the world economy. The bond market is doing its traditional job of intimidating governments – and investors – as fears of an inflation shock from…
Kharg Island, Iran's energy war over collapsing oil exports
The concept of an energy war has long been confined to the strategic manipulation of pipelines or the imposition of economic sanctions. But today, it has mutated into something far more visceral and visible. We are witnessing a collision between…
India Can Ride Out Disruption After Russian Oil Waiver Lapses
India's oil refiners are expected to weather disruption in supply after the US allowed its waiver on Russian crude purchases to expire, thanks to weaker demand and available barrels from the US and the Middle East. China's virtual absence from the…
UAE ditches oil for AI to build a 'bridge' to the Global South
No country on Earth has adopted artificial intelligence faster than the United Arab Emirates – and the Middle Eastern cultural crossroad's ambitions to become an AI bridge to the Global South just got another major leg up with the delivery…
Oil prices rise and bonds wobble as Iran war stokes inflation fears
Oil prices rose and global bonds wobbled on Monday, as fresh tensions in the Middle East fed inflation fears and bets that central banks will have to increase interest rates. Brent crude, the international benchmark for oil, rose on Monday, after…
Oil Climbs as Iran War Shows No Sign of Ending: Markets Wrap
Oil extended gains and Treasury futures slipped as the US and Iran remained deadlocked in efforts to end nearly three months of conflict and restore shipping through the Strait of Hormuz. Brent crude rose more than 1% to above $110.50 a barrel…
Asian Currencies Weaken Amid Rising Oil Prices
0142 GMT — Asian currencies weaken against the dollar in morning trading amid rising oil prices. This weakness is “particularly true for the oil importers such as INR and PHP, which now face a double whammy of higher oil prices and…
The American epoch of oil is collapsing. What comes next could be ugly | Jonathan Watts
“Farewell,” the flag-waving Chinese children chanted to Donald Trump as he strolled along the red carpet back to Air Force One at the end of his summit with Xi Jinping in Beijing. The US leader claimed he was leaving with a cluster of…
Oil prices rise after Trump warns 'clock is ticking' as Iran peace talks stall
Hindustan Times via Getty Images Peter Hoskins Business reporter Oil prices rose on Monday morning in Asia after US President Donald Trump warned Iran the 'clock is ticking' as talks to bring the war to an end have stalled. The global benchmark…
Oil prices rise after Trump warns 'clock is ticking' as Iran peace talks stall
Hindustan Times via Getty Images Oil prices rose on Monday morning in Asia after US President Donald Trump warned Iran the 'clock is ticking' as talks to bring the war to an end have stalled. The global benchmark Brent crude was 1.85% higher at…
Stock Markets Tumble as West Asia Tensions Drive Oil Prices Higher
Indian stock markets, including the Sensex and Nifty, plunged in early trade following a fresh escalation of tensions in West Asia, including a drone attack on the UAE's Barakah nuclear facility, which sent global crude oil prices soaring. Indian…
Chinese Oil Refiners Slash Output After Crude Imports Plunge
Plunging crude imports forced Chinese oil processors to sharply reduce output last month, with runs in the state-owned sector dropping to multiyear lows. Refiners are feeling the pinch after the near-halt to shipments through the Strait of Hormuz…
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