News

Investors brace for oil price spike, rush to havens after US bombs Iran nuclear sites
A key concern for markets would center around the potential impact of the developments in the Middle East on oil prices and ...
JPMorgan lays out a worst-case scenario for Israel-Iran that could send oil prices spiking 75%
JPMorgan says there's about a one in five chance that disruptions to oil production in the Persian Gulf send prices spiraling ...
America’s economy faces a new war shock: Surging oil prices
The American economy faces the unwelcome prospect of reignited inflation after the United States launched strikes on three ...
Stock Market Today: Dow, S&P 500 and Nasdaq on track for modest losses after U.S. bombs Iran; oil trims initial spike
Investors weigh oil prices and await Iran's next move after the U.S. bombed Iran's nuclear sites over the weekend.
Japan's yen sinks as spike in crude oil overpowers safe-haven appeal
The Japanese yen, normally one of the most sought after safe havens in times of geopolitical stress, has dropped 2.4% against ...
Oil Could Spike to $90 If Strait of Hormuz Shut, Citigroup Says
Brent crude could jump to around $90 a barrel if the Strait of Hormuz is closed, according to Citigroup Inc., which added ...
Cyprus Mail on MSN2d
Energy minister: Temporary fuel price spike expected
Fuel prices in Cyprus are expected to see a sharp, but temporary, rise due to the conflict between Israel and Iran in the Middle East, Energy Minister George Papanastasiou said on Friday, adding that ...
South African rand weakens as spike in oil prices weighs
The South African rand weakened in early trade on Monday, pressured by the rise in crude oil prices and risk-off sentiment following the U.S. military action against Iran over the weekend.