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Oil could easily rocket past $120 per barrel. Shipping lanes may need to be rerouted thousands of miles around the Cape of Good Hope.
Israel and Iran exchange missile attacks for a third day; nuclear sites hit, death tolls rise, airspace shut, U.S. warns ...
Iranian media report new Israeli attacks on the west of the country on Monday, after Iranian strikes broke through Israel's ...
India is monitoring the fallout of the Iran-Israel conflict on trade and energy security, with exporters warning of freight ...
U.S. stock futures are higher even as fighting between Israel and Iran spiked oil prices. Futures linked to the blue-chip Dow rose 0.36%, while broad S&P 500 futures added 0.42% and tech-heavy Nasdaq ...
According to GTRI, instability around the Strait of Hormuz, with nearly two-thirds of Indian crude oil and half of its LNG imports passing through it, is the key risk for India ...
The greatest risk the oil markets face is that Iran retaliates against Israel airstrikes by closing the Strait of Hormuz, ...
Yet with the sudden escalation in the Israel-Iran conflict and subsequent spike in oil prices, Fed chief Jerome Powell now appears unintentionally prescient for standing pat.
Iran and Israel have exchanged heavy strikes since June 13 in a new wave of escalation; a surge in violence and anti-Trump protests is further polarizing American society; and Russia plans to demand ...
Global shares have advanced and oil prices have fallen back slightly as Iran unleashed a fresh wave of missile attacks on Israel early Monday.
Dozens of others were injured overnight across Israel, the authorities said. Israel was striking military sites in Iran and ...
Iran fired a new wave of missile attacks on Israel early Monday, triggering air raid sirens across the country as emergency ...
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