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ECONOMIC IMPACT OF IRAN WAR
World shares are mixed after Wall Street's AI-related losses, while oil prices jumpGlobal stock markets displayed a mix of outcomes while oil prices surged due to escalating tensions in Iran. Brent crude soared past $114 p...- Iran caps dollar purchases at $1,000 per day amid sanctions-hit economyIran has introduced new rules for buying US dollars through banks and exchange offices as sanctions strain its financial system. Under the ...
- Oil Price Today (October 22): Crude oil above $112 as energy infra attacks heighten supply fears. More tension ahead?Brent crude traded 3% higher at $112.38 a barrel, while US West Texas Intermediate (WTI) crude was trading more than $100 a barrel. Brent h...
- "Not negotiating": Trump says "something will happen fairly soon" with Iran, as US mulls fresh strikesUS President Donald Trump indicated that there are no negotiations occurring with Iran at this time. He mentioned that something significan...
- US weighs fresh strikes on Iran; Tehran warns of 'father of all bombs': ReportsThe United States and Israel have devised plans for military strikes on Iran following the midterm elections. Iranian officials have also t...
- 'First time in long time, we're maybe close to deal': Trump on Ukraine conflictSpeaking to reporters before departing the White House for South Carolina, Trump highlighted the delicate state of peace discussions, argui...
- Iran asks US to prove it wants peace by lifting blockade"Iran is prepared to give diplomacy another chance if we see strong evidence of a sincere desire on the part of the US to achieve a just an...
- When it comes to Trump's economy, these are the numbers that matter before mid-term electionsUnited States President Donald Trump attempted to convince voters before the upcoming mid-term elections that the American economy is growi...
- Global Market: UK inflation rises to 3.5% in September, boosting rate hike betsUK inflation rises to 3.5% in September from 3.1% in August, exceeding expectations as higher fuel prices linked to the Iran war add to pri...
- Planned deadlock: 'Iran is dragging talks to influence US midterms'Tehran analyst Saeed Leylaz said that, by prolonging the talks, "Iran is influencing the US election without taking any unlawful action". T...
- HSBC CEO says alternative routes could make Strait of Hormuz 'redundant' in five yearsHSBC Group CEO Georges Elhedery on Tuesday said the Gulf region would recover from the impact of the Iran war through investments in altern...
- Global Market: Eurozone bond selloff to weigh on growth, curb inflation, Lagarde saysECB President Christine Lagarde warned that a global bond selloff is tightening euro zone financial conditions, raising borrowing costs and...
- Oil Price Today (October 19): Crude oil dips 2% to $108 after hitting its highest levels since May. Here’s whyBrent crude futures dropped $1.80, or 1.64%, to $108.06 a barrel after settling at their highest level since May 19 on Friday. US West Texa...
- Oil slips as Trump's sanction waiver may lead to more Russian fuel suppliesOil prices took a tumble after US President Trump eased sanctions on Russia, prompting a surge in fuel exports. Brent crude futures fell to...
- 'Iran ready for dialogue based on credible guarantees': FM AraghchiIranian Foreign Minister Araghchi criticized the United States for its aggressive actions against Iran and emphasized the need for credible...
- Marco Rubio says Trump to take up to 60 days to weigh Russia sanctionsUS President Donald Trump announced a temporary waiver of sanctions and tariffs on Russian exports. Secretary of State Marco Rubio stated a...
- Houthis are helping Iran turn Saudi Arabia into a pressure point: Here's howHouthi attacks on Saudi Arabia are increasing, disrupting investments and key infrastructure. The Houthis are seeking recognition and an en...
- Global Market: BoE's Huw Pill wary of market bets on four rate hikes over next yearBank of England Chief Economist Huw Pill has questioned market expectations for four quarter-point rate hikes over the next 12 months as po...
- From gas prices to grocery bills: How Trump’s economic policies are giving Democrats a new midterm campaign weaponRising living costs are becoming a focal point for Democrats in the 2026 midterm elections. Many voters are linking these economic pressure...
- 'Going bankrupt': Iran shopkeepers struggle as war dims demandAt a Tehran bazaar where fragrant herbs and spices whet the appetite, shopkeeper Nasir says locals once bought his nuts by the kilo but soa...
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