Markets
Saudi Aramco CEO: Strait of Hormuz Closure Costs 100 Million Barrels Weekly
The CEO of Saudi Aramco reports a weekly loss of 100 million barrels due to the Strait of Hormuz closure, driving oil...
#Energy Prices 23 articles
Economy
Gold Dips as Hormuz Strikes Cloud Iran Talks, Fuel Inflation Fears
Gold fell 0.7% to $4,540 an ounce after US strikes in the Strait of Hormuz tempered Iran talks optimism, keeping inflation risks...
Economy
War Fuels Inflation in Fed’s Key Price Gauge
The Federal Reserve's preferred inflation gauge is nearing 4%, driven by war-related energy costs, raising concerns about broader price pressures.
Economy
Wales First Minister Slams UK Cost of Living Measures as ‘Missed Opportunity’
Rhun ap Iorwerth criticizes the Chancellor's cost of living package, arguing for deeper action on energy prices rather than temporary tax cuts.
Economy
UK Inflation Dips to 2.8%, but Analysts Foresee Future Rise
UK inflation unexpectedly fell to 2.8% in April, driven by lower energy bills. However, experts predict a rebound to around 4% by...
Economy
Japan’s Economy Grows 2.1% Annually on Consumer Spending
Japan's economy expanded at a 2.1% annualized rate in the January-March quarter, driven by robust consumer and business spending, government data shows.
Stocks
Hormuz Closure Threatens Brent at $150 by Summer, Morgan Stanley Warns
Morgan Stanley strategists warn that a prolonged Strait of Hormuz closure into June could push Brent crude prices to $150 per barrel...
Economy
Iran War Threatens Deeper Trade Crisis Than COVID
The Iran war's disruption of the Strait of Hormuz poses a greater, more acute supply chain challenge than COVID-19, forcing a fundamental...
Economy
BoC Ready to Hike Rates if Energy Prices Fuel Broader Inflation
Bank of Canada Governor Tiff Macklem told MPs that interest rate hikes are possible if high energy prices lead to persistent, generalized...