A multinational meeting will be held to discuss military contributions to a European-led mission to escort ships through the Strait of Hormuz, pending a stable ceasefire.
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Iran's 'mosquito fleet' of small, fast boats plays a crucial role in maintaining the country's influence on global energy markets, potentially impacting oil prices and related assets.
US stocks are poised to rise pre-bell as investors assess renewed Middle East tensions and await the jobs report, indicating a potential shift in market sentiment.
Ethiopia's inflation rate has surpassed 10% due to a biting fuel shortage, potentially impacting the Ethiopian birr and related assets.
US stocks are rising in premarket trading, while oil prices are falling, following reports of a potential US-Iran peace agreement.
Oil prices rose following reports of live fire between the U.S.
The S&P 500 (^GSPC) opened the week lower as oil prices spiked on renewed Iran tensions, with index futures slipping …
Asian refiners are offering a significant premium for Upper Zakum crude from the UAE, indicating a supply shortage of medium-sour crude grades due to the Iran war disruption.
The Trump administration's decision to widen the clampdown on wind farms, citing national security concerns, is expected to negatively impact the renewable energy sector.
The Detroit carmakers are warning of a potential $5bn commodities shock due to the Iran war, which could lead to rising prices for supplies such as aluminium, plastics, and paint.
The ongoing conflict with Iran, now in its tenth week, has led to soaring energy prices with no immediate end in sight.
The UAE's departure from OPEC and the Iran war's impact on oil production outages have led to higher oil and natural gas prices, benefiting Exxon Mobil Corp.
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