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price of oil

Stocks rise, oil prices retreat on hopes for Mideast peace deal

Stocks rise, oil prices retreat on hopes for Mideast peace deal

Stock markets climbed and oil prices tumbled Tuesday on rekindled hopes for a deal to end the Middle East war and reopen the Strait of Hormuz. Wall Street's main indices climbed, with both the S&P 500 and the Nasdaq now back at levels from before the

US bank profits jump as execs see consumers surviving oil spike, for now

US bank profits jump as execs see consumers surviving oil spike, for now

Large banks reported higher profits Tuesday, pointing to resilience among US businesses and customers despite spiking oil prices from the Middle East war. JPMorgan Chase notched gains across leading consumer and investment bank categories. CEO Jamie Dimon described the US economy as still healthy but facing an "increasingly complex

IMF cuts 2026 global growth forecast on Mideast war

IMF cuts 2026 global growth forecast on Mideast war

The IMF cut its 2026 global growth projection Tuesday, warning that the world economy could be "thrown off course" by war in the Middle East -- as the conflict roils commodity markets and sparks higher prices. The global economy is set to grow by 3.1 percent this year,

War in the Middle East: latest developments

War in the Middle East: latest developments

The latest developments in the Middle East war: - China urges talks - China's President Xi Jinping vowed Tuesday his country would play a "constructive role" in promoting further peace talks and called for the national sovereignty of countries in the Middle East and Gulf to be "

US stocks finish higher amid hopes for US-Iran deal as oil price gains moderate

US stocks finish higher amid hopes for US-Iran deal as oil price gains moderate

Wall Street stocks shrugged off early weakness and pushed higher Monday as oil price gains moderated amid optimism that the United States and Iran would strike a peace agreement. Some analysts cited President Donald Trump's claim that Iranian representatives phoned him and expressed keen desire for a deal

Goldman Sachs eyes more corporate mergers despite war uncertainty

Goldman Sachs eyes more corporate mergers despite war uncertainty

Goldman Sachs reported strong first-quarter earnings on Monday, pointing to continued client interest in dealmaking that so far has not been derailed by the Middle East War. The New York-based investment bank scored an 18 percent jump in quarterly profit to $5.4 billion, citing a "significant

Germany unveils 1.6 bn euro fuel price relief to tackle energy shock

Germany unveils 1.6 bn euro fuel price relief to tackle energy shock

Germany on Monday unveiled 1.6 billion euros ($1.9 billion) in fuel price relief for households and businesses struggling with the energy shock unleashed by the Middle East war. The announcement came after oil prices surged again following the collapse of US-Iran peace talks and US President Donald