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MIDDLE EAST
Japan's Nikkei rises 2% as AI stocks rally, Middle East worries cap gainsJapan’s Nikkei index recorded an upward trend thanks to strong performances in AI and semiconductor stocks. Companies like Advantest and To...- China is balancing Asia's crude oil demand by itselfChina is bearing much of Asia’s crude demand reduction as the Iran war disrupts Middle East oil shipments through the Strait of Hormuz. Its...
- Turkey expects Egypt to join Saudi-Pakistan defence pactTurkey's foreign minister anticipates Egypt joining a new regional defense agreement. Saudi Arabia, Turkey, and Pakistan signed this pact t...
- What to expect from the new Saudi-Turkey-Pakistan dealA new defense pact unites Saudi Arabia, Turkey, and Pakistan against Iran's regional influence. This alliance seeks to offset perceived US ...
- Israel shuts one of its consulates in China amid growing strain in tiesIn a significant shift, Israel has shuttered its consulate in Chengdu, China, effectively ending operations last month. This decision refle...
- US is set to import most Middle East crude since Iran war beganUS crude imports from the Middle East are reaching their highest levels since the Iran war began. This surge is driven by a brief Strait of...
- As Iran war drags on, Americans are bracing for more chaos in Middle East, Reuters poll findsAccording to recent surveys, many Americans fear that the ongoing U.S. war with Iran could destabilize the Middle Eastern region. Disruptio...
- Indian refiners buy Middle East and West African crude, sources sayIndian refiners have stepped up crude oil purchases, with Mangalore Refinery and Petrochemicals buying 1 million barrels of Oman crude thro...
- Global Market: China stocks hit one-week high as chip rally offsets optical module slumpChinese equities climbed to a one-week high, led by semiconductor stocks, while Hong Kong shares edged higher. Improving global risk sentim...
- Yen finds footing after intervention, dollar near 6-week low on Mideast hopesCurrency markets took a breather as the Japanese yen gained traction, influenced by recent intervention measures. Meanwhile, the U.S. dolla...
- Iran, Oman near Hormuz reopening deal as talks advanceIran and Oman are making progress on a deal to reopen the Strait of Hormuz. This potential agreement involves shared control and service fe...
- Global Market: Saudi Aramco Q2 profit jumps 44% as Middle East conflict boosts oil pricesSaudi Aramco reported a 44% year-on-year jump in second-quarter net profit, beating analyst estimates as higher crude oil prices offset low...
- Global Market: European shares edge higher as earnings offset Middle East concerns; Lufthansa, Zalando slideEuropean shares saw modest gains as investors reviewed corporate earnings reports. Energy stocks edged higher while oil prices rebounded fr...
- Gold steady with Middle East turmoil, US jobs data in focusGold prices remained stable as investors watched for U.S.-Iran talks. Conflicting reports emerged regarding potential negotiations between ...
- US tells Americans to leave Middle East, warns Iran 'unpredictable' amid rising tensionsAmericans in the Middle East are urged to exercise heightened vigilance and consider departing. The State Department cited potential for su...
- OPEC+ tipped to raise oil output as Middle East war disrupts suppliesOPEC+ members are expected to increase oil production quotas for September. This move follows several months of similar production adjustme...
- 16 Indians, including 10 seafarers, killed in Middle East conflict: GovtSixteen Indian nationals, including ten seafarers, have died in the Middle East conflict this year. Seventy-five Indians sustained injuries...
- US inflation slows in June, but reversal likely amid Middle East conflictUS inflation slowed in June, but oil prices may cause a temporary easing. The Personal Consumption Expenditures Price Index rose 3.7 percen...
- Oil prices slip as tankers continue to ply Middle East conflict zonesOil prices saw a decline as tankers continued to move out of the Middle East. Escalating tensions and expanded conflict fronts are impactin...
- Lamborghini profit slips as tariffs, Middle East conflict weighLamborghini's operating profit declined over eight percent in the first half. This reflects sector-wide fragility spurred by tariffs and Mi...
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