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War in the Middle East: latest developments

War in the Middle East: latest developments

The latest developments in the Middle East war: — Air defences activated in Iran: local media - Air defences were heard in the Iranian capital Tehran on Thursday night after they were activated to counter small aircraft and drones, Iran's Tasnim and Fars news agencies reported. Air defences were active

Oil slumps after hitting peak, US indices reach new records

Oil slumps after hitting peak, US indices reach new records

Oil prices struck a four-year high Thursday on worries about a resumption of hostilities in the Middle East, before slumping to end the day. But key US indices hit new records while European stock markets rose on positive earnings reports from some tech firms. On Wall Street, the S&

War in the Middle East: latest developments

War in the Middle East: latest developments

The latest developments in the Middle East war: - Oil at four-year high - Oil prices soared to four-year highs with US benchmark Brent for June delivery, spiking more than seven percent to $126.41, while West Texas Intermediate was up 3.4 percent to $110.31. - 42nd vessel redirected

Oil spikes while divided Federal Reserve keeps interest rates unchanged

Oil spikes while divided Federal Reserve keeps interest rates unchanged

Oil prices shot higher Wednesday on concerns of an extended blockade of the Strait of Hormuz, while Wall Street stocks moved indecisively after a divided Federal Reserve kept interest rates unchanged. Brent oil futures got within striking distance of $120 a barrel before retreating a bit as markets girded for

War in the Middle East: latest developments

War in the Middle East: latest developments

The latest developments in the Middle East war: - US lawmakers to grill Pentagon chief on Iran war - US Defense Secretary Pete Hegseth will face tough questions from lawmakers about the Iran war on Wednesday during his first testimony to Congress since the start of the conflict. Hegseth's appearance

Crude back above $110 on Strait stalemate as US stocks retreat

Crude back above $110 on Strait stalemate as US stocks retreat

Oil prices jumped on Tuesday to their highest level since the US-Iran ceasefire, pressuring US stocks as lack of progress on an accord to reopen the Strait of Hormuz added to inflation worries. Meanwhile, tech stocks took a hit and investors turned their attention to corporate earnings and the

Crude extends gains, stocks drop as Trump considers latest Iran proposal

Crude extends gains, stocks drop as Trump considers latest Iran proposal

Oil prices jumped and stocks sank Tuesday as Donald Trump weighed an Iranian proposal that would reportedly re-open the Strait of Hormuz and end the eight-week-old war. Investors were also gearing up for key central bank meetings and earnings reports from Wall Street giants this week. Tehran