Oil Settles Near 4-Year High as Widening Middle East War Fuels Energy Shock
The ongoing conflict, now described as a widening war, continues to drive up global oil and fuel prices, with oil settling near a 4-year high, leading to an 'energy shock' and potentially moving the oil market into demand destruction mode.
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Oil steadies and Asian stocks are mostly lower on mixed signs on Iran - AP News
Oil steadies and Asian stocks are mostly lower on mixed signs on Iran AP News
Read full article →War sets dollar for monthly rise, yen recovers on intervention threat - Reuters
War sets dollar for monthly rise, yen recovers on intervention threat Reuters
Read full article →Hedge Funds Chase Yen Strength Plays on Intervention Fears - Bloomberg.com
Hedge Funds Chase Yen Strength Plays on Intervention Fears Bloomberg.com
Read full article →Wall Street Is Finishing the Worst Quarter for Stocks in Four Years - WSJ
Wall Street Is Finishing the Worst Quarter for Stocks in Four Years WSJ
Read full article →Foreign central banks sell US Treasuries in wake of Iran war
International official holdings at New York Federal Reserve fall to lowest level since 2012
Read full article →The Iran War Is Fueling Inflation. Are Markets Concerned? - Forbes
The Iran War Is Fueling Inflation. Are Markets Concerned? Forbes
Read full article →Wall Street indexes mostly fall as Iran war widens - The Straits Times
Wall Street indexes mostly fall as Iran war widens The Straits Times
Read full article →Iran war 'shock' is dimming outlook for many economies, IMF says
The International Monetary Fund warned that the war in Iran was causing a global, but asymmetric shock and leading to tighter financial conditions.
Read full article →Commentary: The oil market is moving into demand destruction mode
If the Iran war continues and oil reserves are drained, policymakers may have to use emergency tools to curb energy use, says Javier Blas for Bloomberg Opinion.
Read full article →'I guess': Chris Hipkins places trust in government to secure fuel supplies
Labour's Chris Hipkins has thrown his support behind the government's moves to secure more fuel supplies as the Iran conflict deepens.
Read full article →Energy shock: How bad could it get?
As the Iran war continues, fuel prices keep going up
By The Week US
Read full article →How Gas Prices Compare Around The World
How Gas Prices Compare Around The World The war in Iran has driven up oil prices in many countries, with gasoline prices turning into a topic of discussion around the world. The increases have been particularly pronounced in emerging markets, with gasoline prices jumping by more than 50 percent in the Philippines and nearly as much in Nigeria (around 49 percent), with diesel rising even more steeply. Advanced economies have also seen notable increases, with gasoline prices climb...
By Tyler Durden
Read full article →Middle East tensions: Ghana’s current energy resilience thanks to increased domestic gas production – Mahama
President John Mahama has revealed that Ghana’s ability to withstand global energy shocks, including the ongoing conflict in the Middle East, stems from the country’s strategic shift toward consuming more natural gas than liquid fuels. Speaking at the Presidential Dialogue with Civil Society Organisations at the Jubilee House, President Mahama explained that since his administration […]
By Kenneth Darko
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