Oil prices saw minimal change as VP Vance reported a significant increase in tanker traffic through the Strait of Hormuz. This follows a US-Iran deal to end a conflict, which includes lifting a naval blockade and allowing toll-free transit. Analysts remain cautious about the long-term impact on supply disruptions.
Oil prices fell Thursday after VP JD Vance stated over 12 million barrels of oil crossed the Strait of Hormuz overnight, a high since the conflict began. Brent crude futures dropped 1.8% to $78.11, and WTI futures fell 2% to $75.27. The US and Iran signed a deal to end the war, allowing ships transit without tolls for 60 days and lifting the US naval blockade.
Oil prices fell Thursday following Vice President JD Vance's statement that over 12 million barrels of oil transited the Strait of Hormuz overnight. This increase in traffic, coupled with a new US-Iran deal easing blockades and tolls, suggests a potential oversupply.
Oil prices dropped Thursday after President Trump signed a deal with Iran to end the Middle East war. The IEA flagged a potential supply glut next year, while Trump warned of renewed attacks if Iran violates the agreement.
Oil prices fell Thursday following reports of a deal between US President Donald Trump and Iranian counterpart Masoud Pezeshkian to end the Middle East war. The International Energy Agency also warned of a potential supply glut in 2027.
Um grave acidente entre uma carreta carregada de cimento e um ônibus com cerca de 30 passageiros, transportando trabalhadores da Midea, ocorreu na Rodovia Fernão Dias, km 860,3. O motorista da carreta morreu no local, o motorista do ônibus ficou gravemente ferido e um passageiro teve ferimentos leves. A pista no sentido São Paulo ficou interditada.
Russian Deputy Prime Minister Alexander Novak stated that the energy crisis caused by the Middle East conflict is "unprecedented" in scale, even compared to the 20th century. He noted that the global market is losing about 12 million barrels of oil daily but has not yet fully felt the impact due to existing fuel reserves, which could last for another three months.
Wall Street indices, including the Dow Jones and S&P 500, reached new record highs, driven by strong investor confidence in tech and AI companies. Despite ongoing Middle East conflict and inflation concerns, major tech stocks saw significant gains, with Marvell Technology surging after Nvidia's CEO endorsement.
Sri Lanka is facing escalating crises, with the ongoing Middle East war reportedly depleting any remaining buffer for the nation. Citizens express a lack of resilience to further shocks.
The Nikkei Average fell 200.09 yen to end at 66,734.24 on May 2nd, its first decline in three trading days. Reports of stalled talks between the US and Iran prompted investors to adopt a risk-averse stance, with the index briefly dropping over 1300 yen.
South Korea's consumer prices rose 3.1% in May year-on-year, the highest in 26 months, driven by a surge in gasoline and diesel prices due to global energy volatility from the Middle East war.
Wall Street saw gains Monday, with the S&P 500 and Nasdaq reaching new record highs, fueled by hopes for Middle East peace talks and continued enthusiasm for AI. Despite market resilience, a strategist warns of ignored risks.
Türkiye'nin Cumhurbaşkanlığı Kabinesi, 9 günlük bayram tatilinin ardından ekonomi ve Ortadoğu'daki gelişmeler başta olmak üzere önemli konuları görüşmek üzere toplandı. Enflasyon verileri ve terörle mücadele süreçleri de gündemde.
Despite US travel advisories and ongoing Mideast tensions following US-Iran attacks, Western Muslims, including an American pilgrim named Fadel and a British accountant Imad Ahmad, are attending the Hajj in Mecca. Concerns about potential conflict disrupting the pilgrimage remain, with experts warning of severe interference if hostilities resume.
Twenty-seven countries have sought to access funds from the World Bank's existing programs since the start of the Mideast war, according to internal documents. Kenya and Iraq confirmed they are seeking support to mitigate the impact of the conflict, with Kenya facing fuel price hikes and Iraq experiencing a drop in oil revenue.
US Secretary of State Rubio stated that President Trump is disappointed with some NATO allies' responses to Mideast operations. He indicated that divisions within the alliance will be a major topic at the upcoming NATO summit in Ankara in July, potentially impacting the alliance's future.
US Secretary of State Marco Rubio stated that President Trump is disappointed with some NATO allies' responses to Mideast operations, signaling that internal divisions will be a key topic at the July NATO summit in Ankara. Rubio emphasized the importance of a strong NATO for both Europe and the US.
Sindacati metalmeccanici temono che il piano di riorganizzazione di Electrolux con 1.700 esuberi e chiusura di una fabbrica nelle Marche sia un passo verso il passaggio al colosso cinese Midea, annuncio sciopero di 8 ore il 25 maggio.
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SEOUL, May 12 (Yonhap) -- Seoul shares fell by more than 2 percent Tuesday, snap...
SEOUL, May 12 (Yonhap) -- Seoul shares fell by more than 2 percent Tuesday, snap...
SEOUL, May 12 (Yonhap) -- Seoul shares fell by more than 2 percent Tuesday, snap...
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SEOUL, May 12 (Yonhap) -- South Korean stocks turned lower late Tuesday morning ...
