7 related stories
Oil prices surged globally, briefly topping $110 a barrel, after attacks on Qatar’s Ras Laffan LNG terminal, UAE’s Habshan gas facility, and Iran’s South Pars gasfield, triggering fears of global inflation. The latest reports indicate Iran inflicted 'extensive damage' at the world's largest LNG plant in Qatar, extending oil gains.
South Korean shares opened sharply lower following attacks on critical Middle East energy facilities during the US and Israel-led war against Iran, compounded by the US Federal Reserve's decision to maintain interest rates.
The US Federal Reserve on Wednesday held its benchmark interest rate steady for the second consecutive time and maintained its projection of one rate cut this year, as concerns grew over the economic…
Wall Street is reacting to the Federal Reserve's 'neutral' interest rate hold, with opinions ranging from dovish to hawkish. The Fed maintained rates at 3.50% to 3.75%, with only one dissenter, and sees accelerating inflation and GDP growth.
Before the conflict began, analysts had expected a cut in the Bank rate at this meeting.
Freight forwarders in Lagos, Nigeria, have initiated a shutdown of shipping firm operations to protest against increased port charges, demanding a reversal of the new rates.
Before the conflict began, analysts had expected a cut in the Bank rate at this meeting.