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Middle East war: global economic fallout

Middle East war: global economic fallout

Here are the latest economic events in the Middle East war: - Iran's Hormuz offer to Japan - Iran is willing to help Japanese ships sail the Strait of Hormuz, a vital route for global fuel supplies, Foreign Minister Abbas Araghchi told Kyodo News in an interview published on Saturday.

Stocks drop, oil jumps as Mideast war persists

Stocks drop, oil jumps as Mideast war persists

Stocks tumbled while oil prices pushed higher Friday at the end of a turbulent week in which attacks on Gulf energy infrastructure rattled global markets and sparked fears of a global economic slowdown. Crude prices jumped further on Friday, with the international benchmark, Brent crude, rising 3.3 percent on

War in the Middle East: latest developments

War in the Middle East: latest developments

Here are the latest developments in the Middle East war: - Iran says not behind Oman attacks - Iran's supreme leader Ayatollah Mojtaba Khamenei said Tehran and allied forces in the region were "in no way" behind attacks on Oman and Turkey during the war, instead blaming "

Bessent says U.S. mulling options to calm oil markets

(The Center Square) – U.S. Treasury Secretary Scott Bessent said Thursday more oil could be released from the nation’s stockpiles than the 172 million barrels announced last week and that other market-based measures could soon add additional supplies to global energy markets. The Trump administration announced last week

US stocks cut losses on Netanyahu war comments as energy prices soar again

US stocks cut losses on Netanyahu war comments as energy prices soar again

Energy prices soared during a volatile session Thursday, while Wall Street stocks trimmed losses after Israeli Prime Minister Benjamin Netanyahu said the war with Iran could finish sooner than expected. Major Wall Street indices were headed to significant losses following gloomy sessions in Europe and Asia, but got a boost

California bill to suspend gas tax fails despite rising prices

(The Center Square) – A bill to suspend California’s gas tax for one year failed in committee at the Capitol. State Sen. Tony Strickland, R-Huntington Beach and author of Senate Bill 1035, told journalists Wednesday afternoon outside the same Sacramento committee room that California prices are only going to

US mulls lifting sanctions on Iranian oil at sea despite war on Tehran

US mulls lifting sanctions on Iranian oil at sea despite war on Tehran

US Treasury Secretary Scott Bessent said Thursday that Washington might lift sanctions on Iranian oil that is already being shipped, as energy prices soar due to the war in the Middle East. The deliberation comes as Washington scrambles to ease high energy costs that have been filtering down to US