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News
Petrol price panic as Middle East tension flares
16+ hour, 55+ min ago (684+ words) Perth drivers have begun preparing for more pain at the bowser after global oil exports were threatened by Yemen rebels capturing an island at the entrance to the Red Sea, one of the world’s key shipping lanes. Only six months…...
US slaps new sanctions on networks aiding Iran's proxies in Middle East- Moneycontrol.com
2+ day, 21+ hour ago (615+ words) The U.S. government announced new sanctions on Thursday against firms and individuals that it says are aiding Hezbollah and other Iranian proxies in the Middle East as it intensified its campaign to isolate Iran economically. The latest sanctions are part of…...
Commodity Corner: Oil extends gains amid Middle East supply disruption fears; gold slips on rate hike bets- Moneycontrol.com
6+ day, 16+ hour ago (209+ words) Commodity markets traded mixed on September 7, with oil prices extending gains amid escalating US-Iran tensions and growing concerns over prolonged supply disruptions from the Middle East, while gold remained under pressure after stronger-than-expected US payrolls data. Oil prices extended gains…...
Energy Prices May Remain Elevated Amid New Middle East Dynamics
1+ week, 2+ day ago (67+ words) The price of oil moved above $90 a barrel recently, and according to TD Asset Management's Humza Hussain, new dynamics in the Middle East conflict could keep energy prices higher for longer. - Changing dynamics in the Middle East conflict may keep…...
Inflation swap rates surge on renewed Middle East tensions (USO:NYSEARCA)
1+ week, 4+ day ago (80+ words) The front end of the U.S. inflation swap curve has experienced a sharp rebound heading into September, but the move pales in comparison to the aggressive spike seen in the Eurozone, according to... claffra/iStock via Getty Images Short-term inflation expectations…...
US plans to cut off military aid to key Middle East ally, BBC told
2+ week, 2+ day ago (1387+ words) Iranian drones have hit the Iraqi city of Irbil, the capital of the Kurdistan region The Trump administration is planning to cut off military aid to a key Middle East ally that helped the US defeat the Islamic State group…...