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Iran oil shock stirs memories of 1997 Asian Financial Crisis — but here’s why history may not repeat itself
A month into the worst oil supply disruption since the 1970s Arab embargo, the economic pain spreading across Asia is reviving an uncomfortable question: Could this be 1997 all over again? The parallels are hard to ignore. Asian currencies are under pressure, fueling the risk of capital outflows. Spiking energy costs have pushed governments to […]
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Brent oil spot price above $120 in sign that Iran ceasefire can’t solve deep disruption
The spot price for cargos of Brent crude oil came in at $124.68 per barrel on Wednesday in a sign that the Iran ceasefire agreement is unlikely resolve the deep supply disruption triggered by the five-week war. The spot price governs Brent oil for delivery in the next 10 to 30 days, in contrast to […]
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Rep. Ritchie Torres calls for probe into futures trades placed ahead of March pause on Iran hostilities
U.S. Rep. Ritchie Torres, a Democrat from New York, during an interview in New York, Jan. 28, 2025. Victor J. Blue | Bloomberg | Getty Images U.S. Rep. Ritchie Torres, D-N.Y., on Wednesday called for a federal probe into suspicious trading activity in oil and equity futures markets just before President Donald Trump’s announcement of […]
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U.S. has violated ceasefire agreement, Iran parliamentary speaker says
Iran’s parliamentary speaker Mohammad Bagher Ghalibaf accused the U.S. on Wednesday of violating the two-week ceasefire agreement. “The deep historical distrust we hold toward the United States stems from its repeated violations of all forms of commitments — a pattern that has regrettably been repeated once again,” Ghalibaf said in a statement posted on social […]
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Stocks making the biggest moves midday: Meta Platforms, Delta Air Lines, Carnival, LyondellBasell & more
Here are the companies making headlines in midday trading. Meta Platforms — Shares of the social media giant jumped more than 9% after Meta unveiled its new artificial intelligence model , dubbed Muse Spark. This new model will power Meta’s digital assistant in the Meta AI app and desktop website, and in the approaching weeks […]
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Stocks making the biggest moves premarket: Delta Air Lines, Levi Strauss, Exxon Mobil & more
Check out the companies making the biggest moves premarket: Delta Air Lines — Shares traded 12% higher, boosted by the steep declines in oil prices after the U.S. agreed to a ceasefire. The airline also posted better-than-expected results for the first quarter, though it issued second-quarter guidance that was below analyst estimates. Levi Strauss — […]
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A fragile U.S.-Iran ceasefire sparks market relief — but no clear path to lasting peace
WASHINGTON, DC – APRIL 06: U.S. President Donald Trump speaks alongside Central Intelligence Agency Director John Ratcliffe (L) and U.S. Secretary of War Pete Hegseth (R) during a news conference in James S. Brady Press Briefing Room of the White House on April 06, 2026 in Washington, DC. Alex Wong | Getty Images News | […]
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U.S.-Iran ceasefire relief rally lifts global assets as oil plunges below $100
A two-week ceasefire between the U.S. and Iran sparked a broad-based relief rally across risk assets, and even buoying traditional safe havens. Source
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Gulf countries scramble to intercept missiles hours into U.S.-Iran ceasefire agreement
TEL AVIV, ISRAEL – APRIL 08: An Iranian cluster munition is fired towards Tel Aviv and the surrounding area around 3 AM on April 08, 2026 in Tel Aviv, Israel. Alexi Rosenfeld | Getty Images News | Getty Images Many Middle Eastern countries reported incoming missiles and drones from Iran on Wednesday, triggering air defenses […]
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CNBC Daily Open: Markets cheer as Trump and Tehran agree to 2-week ceasefire
WASHINGTON DC, UNITED STATES – APRIL 6: The United States President Donald Trump holds a Press Conference in the James S. Brady Press Briefing Room at the White House on April 6, 2026, in Washington DC, United States. Celal Gunes | Anadolu | Getty Images Hello, this is Dylan Butts writing to you from Singapore. […]
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