Oil and gas prices soared, stock markets mostly retreated and the dollar rallied on Monday as the widening Iran war shook financial markets across the globe.European natural gas prices surged more than 39 percent after Qatar’s state-run energy firm said it had halted liquefied natural gas production following Iranian attacks on facilities at two of …
Energy prices soar on Iran war fallout, stocks mostly fall Read More »
President Donald Trump said US strikes were the “last, best chance” to stop Iran building a nuclear bomb, as the war raged through a third day and Israel traded fire with Hezbollah in Lebanon.Here are the latest developments:- Iran ‘will burn any ship’ passing through Hormuz -A general in Iran’s Revolutionary Guards threatened to “burn …
Rubio, Hezbollah and Qatar: Latest developments in Iran war Read More »
Qatar downed two Iranian bombers and halted LNG production on Monday, as Tehran widened its attacks to hit oil facilities in Saudi Arabia and the UAE in a sharply escalating Gulf crisis that has sent prices soaring.Qatar’s air force shot down two Sukhoi Su-24 bombers, the defence ministry said — the first time a Gulf …
Qatar downs Iran jets as Tehran targets oil and gas in spiralling Gulf crisis Read More »
UK Prime Minister Keir Starmer said Monday British military bases in Cyprus will not be used by the United States in its war with Iran, despite criticism from US President Donald Trump.Starmer’s government has been swept up in fallout from the spreading war in the Middle East.On Sunday, Iranian-made drones hit a British base in …
UK PM says US will not use British bases in Cyprus Read More »
President Donald Trump signaled Monday that US strikes on Iran could go much longer than originally predicted, as his administration sought to counter criticism about conflicting messages on the war’s goals.In his first public comments since launching the military operation, the president who long campaigned for “no new wars” laid out what he said were …
The war launched by the United States and Israel against Iran spread across the Middle East on Monday, threatening to plunge the global economy into chaos, with Lebanon and Gulf energy exporters dragged into the conflict.The Israeli military carried out new strikes on Tehran, and AFP reporters in the Iranian capital heard explosions ring out …
Middle East in deepening crisis as Iran war spreads Read More »
President Donald Trump on Monday refused to rule out sending ground troops into Iran, as he warned that the spreading Middle East war unleashed by US-Israeli strikes could last more than a month.As the war raged through a third day, Israel traded fire with Iran-backed group Hezbollah in Lebanon, and Iranian counterattacks hit Gulf states …
Trump mulls ground troops: latest developments in US-Iran war Read More »
The outbreak of the conflict in the Middle East has seen maritime insurers cancel coverage, adding to the risk shipping companies face.Many insurers now refuse to offer war risk coverage for the Gulf, a key hub for global oil trade, as the war pitting Iran against the United States and Israel drags on. “We have been receiving …
Middle East war puts shipping firms in tight insurance spot Read More »
Lebanon’s government on Monday took the unprecedented step of banning Hezbollah’s military and security activity, prompting the Iran-backed group to lash out at the decision.Hezbollah is represented in both the government and parliament, and the move came hours after it announced it had launched rockets and drones towards Israel early Monday to avenge the killing …
Lebanese state bans Hezbollah military activities Read More »
An extended conflict in the Middle East after the US and Israel launched strikes on Iran could trigger global stagflation — a troublesome blend of high inflation and anaemic growth — due to spiking oil and gas prices, economists warned.- Will there be an oil shock ? -The conflict has nearly halted traffic through the …
Mideast war risks sending global economy into stagflation Read More »
