Dallas Fed: Extended Hormuz closure could push oil prices to $167
A prolonged closure of the Strait of Hormuz due to the war with Iran could push overall US inflation above 4% by year-end,
Oil continues to rise amid Trump's Strait of Hormuz ultimatum
Oil prices rose during Asian trading hours on Monday, extending the sharp gains from the previous trading session.
Global oil supplies at risk of a 1970s-like collapse
The global energy market is facing a structural crisis as the conflict in the Middle East effectively shuts down one of the world's most important maritime arteries.
Why you shouldn't add risk to your portfolio, according to BCA
Global financial markets are at a dangerous crossroads as a protracted energy shock from the Middle East begins to outweigh inflation concerns, according to BCA Research's quarterly forecast.
Oil breaks $141 for first time in 18 years
The spot price of Brent crude oil has soared to $141.36 per barrel, its highest level since the 2008 global financial crisis, CNBC reports.
Trump promises to open the strait of hormuz, "take the oil, and make a fortune"
Donald Trump stated that the United States could unblock the Strait of Hormuz if given "a little more time."
Nomura predicts fed rate cut delay
The Federal Reserve will likely delay its long-awaited move to ease monetary policy, according to Nomura's new "Policy Watch" report.
Trump's promises to continue the war sent oil prices soaring by 6.5%
Donald Trump's address to the nation triggered a new round of panic: instead of the expected details of a peace plan, markets heard a promise to continue the military campaign against Iran.
BRICS Bank calls china the main financial pillar of developing countries
China's domestic bond market, thanks to abundant liquidity and a stable yuan, is rapidly becoming a key source of financing for developing economies.
Gasoline in the US has jumped to $4 per gallon, threatening the economy and Trump's approval rating
The average price of gasoline in the US has surpassed the $4 per gallon mark (approximately $1.06 per liter) for the first time since August 2022, Bloomberg reports.