Shoppers walk past fruit and vegetable stalls at the Bauveau Market in Paris, France, on Wednesday, February 15, 2023. Bloomberg | Bloomberg | Getty Images Economic and consumer confidence fell in Europe in March, according to official data released on Monday, in the latest evidence that the war in Iran is weighing on growth and … Read more
The price of oil rose sharply to $ 116 a barrel after Donald Trump said he wanted to “take oil from Iran”, sending Asian markets to fall. Brent crude, the international oil benchmark, rose 2% in early trade on Monday, after Trump said he may seize Iran’s offshore Kharg Island facility. Trump told the Financial … Read more
Finance Minister Koo Yun-cheol, center, speaks during a joint meeting of relevant ministries on emergency economic response measures to the Middle East conflict at the Government Complex in Seoul, Thursday. Yonhap The Korean government may extend its five-day mandatory ban on vehicle operations to include private vehicles if global oil prices rise above $120 a … Read more
President Donald Trump has a habit of bending the financial markets to his will. But with the war in Iran, he may have reached the limit of his ability to do so. On Friday, the S&P 500 closed up 1.7% and saw its fifth straight weekly decline, its worst performance since 2022 and a sign … Read more