News
Oil sinks on Mideast deal, but Fed outlook knocks equities
3+ hour, 21+ min ago (621+ words) Oil prices dropped further Thursday after US President Donald Trump and his Iranian counterpart signed off on a deal to end four months of war and reopen the Strait of Hormuz to tanker and cargo traffic. Optimism that operations will…...
Oil plunges, stocks jump on US-Iran peace deal
3+ day, 1+ hour ago (608+ words) Oil prices dropped towards $80 a barrel and stocks rallied on Monday after Washington and Iran reached a framework deal to end the Middle East war and reopen the Strait of Hormuz, sending a wave of relief through global markets. The…...
ECB's Lagarde welcomes Iran deal, Nagel cautions on lasting inflation
3+ day, 8+ hour ago (434+ words) PARIS/FRANKFURT, June 15 (Reuters) - ECB President Christine Lagarde on Monday welcomed news of a U. S. -Iran ceasefire, saying it could help reopen the Strait of Hormuz, although fellow policymaker Joachim Nagel cautioned it would bring no immediate relief to high euro…...
US leads record rise in spending on nuclear arsenals, campaign group says
1+ week, 2+ day ago (161+ words) GENEVA, June 8 (Reuters) - Spending on nuclear weapons by the world's nine nuclear-armed states rose by almost a fifth in 2025 to $119 billion, a report by the International Campaign to Abolish Nuclear Weapons said on Tuesday. The 19% increase from 2024 produced the highest…...
How Iran war created unexpected economic beneficiaries
1+ week, 6+ day ago (159+ words) The Strait of Hormuz crisis is reshaping global energy and trade flows, creating opportunities for economies far beyond the Middle East. How Iran war created unexpected economic beneficiaries Subscribe for as low as $2/week to access this story and all…...
From hoarding to unemployment: Iran's economy buckles under US pressure
1+ mon, 2+ day ago (144+ words) Iran's fast-rising inflation is driving aggressive state market controls, exposing deeper structural strains from war, sanctions and declining consumer confidence. From hoarding to unemployment: Iran's economy buckles under US pressure Subscribe for as low as $2/week to access this story…...
Iranian rial hits new record low as blockade, war take toll: What to know
1+ mon, 2+ week ago (578+ words) The Iranian rial hit a new record low of 1. 8 million to the US dollar on Wednesday as economic strain mounts from the war and the ongoing US naval blockade. What happened: The currency weakened to 1. 82 million rials per dollar on…...
Mideast war an 'unprecedented' blow for region: IMF to AFP
2+ mon, 2+ day ago (576+ words) The Middle East war has created an "unprecedented shock" for the region's economies with no guarantee of a quick recovery, a senior International Monetary Fund official has told AFP. Five of the Gulf's eight oil- and gas-producing countries face a…...
IMF chief warns of 'tough times' if oil prices stay high
2+ mon, 2+ day ago (436+ words) IMF chief Kristalina Georgieva warned Wednesday of difficult times ahead for the global economy if war in the Middle East is unresolved and oil prices stay high, adding that inflation risks could seep into food prices. "We must brace for…...
World Bank could provide up to $100 billion in funds for countries hit by war, Banga says
2+ mon, 3+ day ago (451+ words) By Andrea Shalal and David Lawder WASHINGTON, April 14 (Reuters) - The World Bank could mobilize $80 billion to $100 billion in funding over the next 15 months for countries hit hard by the war in the Middle East, eclipsing the $70 billion it provided during…...