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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 on Monday: - Stocks rise as oil prices cool - Global markets mostly rose as oil prices pulled back, with investors focused on the Strait of Hormuz, the Gulf waterway through which a fifth of global crude oil passes, where traffic

Equities rise on oil easing, with focus on Iran war and central banks

Equities rise on oil easing, with focus on Iran war and central banks

Oil prices retreated and equities rose Monday as investors remained focused on the Strait of Hormuz, with US allies pushing back against President Donald Trump's demands to help reopen the key waterway to oil and natural gas tankers. As the US-Israel war on Iran entered its third

Stagflation risk in US 'quite high': Nobel-winning economist Stiglitz

Stagflation risk in US 'quite high': Nobel-winning economist Stiglitz

The war in the Middle East has put the United States at high risk of falling into stagflation, Nobel Prize-winning economist Joseph Stiglitz told AFP on Monday. Even before the war erupted on February 28 with a barrage of US and Israeli strikes on Iran, Stiglitz said the US

Middle East war: global economic fallout

Middle East war: global economic fallout

Here are the latest economic events in the Middle East war on Monday: - Pakistani tanker transits Hormuz - A Pakistani oil tanker transited the Strait of Hormuz with its automatic transponder system activated, monitor Marine Traffic said Monday, the first such voyage by a non-Iranian tanker since the start of

The environment, another casualty of war in the Mideast

The environment, another casualty of war in the Mideast

From the jet fuel used in bombing raids to acrid smoke from burning oil depots, the conflict in the Middle East is inflicting a significant toll on nature and the climate. AFP interviewed experts about the environmental cost of war that often goes under the radar: - Bombers and warships - US

US Fed expected to hold rates steady as Iran war roils outlook

US Fed expected to hold rates steady as Iran war roils outlook

US Federal Reserve policymakers are expected to leave interest rates unchanged at their meeting next week, as the US-Israel war on Iran sends shock waves through markets and recent economic data has begun to show weakness. The Fed will start its two-day meeting on Tuesday, with an announcement

Middle East war: global economic fallout

Middle East war: global economic fallout

Here are the latest economic events in the Middle East war on Saturday: - Kharg Island bombed, Iran threatens US-linked oil targets - President Donald Trump said the US heavily bombed military targets on Iran's Kharg Island, which handles almost all of the country's crude exports, and