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
Market makers are reluctant to take risks as the Middle East war rages Liquidity crunch increases market volatility, wild price swings Increasingly, merchants are struggling to find willing customers LONDON/NEW YORK/SINGAPORE, March 30 (Reuters) – The Iran war has sent jitters across financial markets, leaving some investors and market makers reluctant to take risks, making … Read more
Since President Donald Trump declared “Independence Day” last April, investors have been concerned about his tariff plans – they believe that higher tariffs will fuel inflation, disrupt supply chains, and lower corporate profits. These concerns are understandable. Tariffs raise the cost of importing raw materials, which invites retaliation from trading partners — a risk to … Read more
This year, the most important commodity in agriculture is not sunshine or rain, it is fertilizer. According to some estimates, nearly half of the world’s crop and livestock production depends on the incredible mix of minerals and chemicals that make up artificial fertilizers. But the Iran the war raises prices and suppresses the availability of … Read more
It’s not easy being a global economy right now. One month into the US and Israel’s war against Iran, fears are raising concerns about everything from supply chains to airline travel. While the price of a barrel of oil remains north of $100, from $70 before the war, the price of gas in the US … Read more
When Scott Morrison announced that it was not a “race” to get vaccines first and quickly into Australia during the COVID epidemic, it was another nail in the coffin of his aging prime minister. Prime Ministers who do not unite at a time when the public is afraid and looking for leadership lose the public’s … Read more
In 2013, Shell closed its Clyde refinery on the Paramatta River, and a year later, Caltex closed Kurnell in Botany Bay. That was the time when Australia went from being self-sufficient in petrol and diesel to relying on imports. The oil shocks of the 1970s were forgotten. We endured a decade of recession like everybody … Read more
(Bloomberg) — As the war in Iran enters its fifth week, Wall Street banking strategists have been pitching trades that could pay off if the stock market selloff is slow and steady. BBVA has recently recommended April Euro Stoxx 50 Index put spreads, citing the relaxation of the market even in the presence of a … Read more
The stock market enters next week battered and battered by the Iran war. In the coming days, weary investors will also need to contend with new jobs data and a handful of wage uncertainties, including the Club Nike brand. The conflict in the Middle East will remain the main factor influencing market performance. Let’s take … Read more
The price of Brent crude oil is on track for its biggest monthly gain recorded in March after the Iran conflict sent markets into turmoil. Brent crude, the international benchmark, has risen 51% since the start of March, LSEG data show, hitting a monthly record of 46% in September 1990 after Saddam Hussein invaded Kuwait, … Read more