Global oil markets are bracing for another wild week after the United States launched direct strikes on Iranian territory over the weekend, raising fears of a retaliatory escalation that could threaten vital energy infrastructure and shipping lanes in the Middle East. Prices spiked to their highest levels in five months in early trading on Monday…
Israel’s large-scale military strikes on Iran’s military leaders, nuclear facilities and missile factories sent global markets into turmoil, with oil prices soaring and stocks plummeting. Safe-haven assets rallied, with gold climbing to $3,416 per ounce, nearing its April high of $3,500.05, while the U.S. dollar index gained 0.8% to 98.50. The Swiss franc and Japanese…
As always with volatile markets, it’s important not to read too much into a single-day reversal. Source Tuesday’s rebound came after hitting four-year lows on Monday. The rally, driven by technical buying and bargain hunting, followed a selloff triggered by OPEC+’s decision to triple its production increase to 411,000 bpd in June. Traders capitalized on…
Oil markets are bracing for the next big external shock as Trump’s trade war with China continues to escalate and talks of a potential nuclear deal with Iran threaten to bring fresh supply to markets. – The start of trade negotiations between the United States and Asia Pacific countries has been marked by evident interest…
February 1, 2025President Donald Trump signs Executive Order 14195, imposing a 10% tariff on all Chinese imports, effective February 4. February 10, 2025China responds with a 15% tariff on U.S. coal and LNG and a 10% tariff on U.S. oil and machinery and places multiple U.S. firms on its Unreliable Entity List. March 4, 2025U.S….
President Trump’s sweeping new tariffs are sending shockwaves through global markets, sparking concerns across industries—from tech to energy. Announced Wednesday, the new tariff package imposes a minimum 10% duty on all U.S. imports and much higher rates for countries with significant trade surpluses with the United States. China, facing a 54% tariff, is expected to…
