Israel
Harris says Iran is America’s ‘greatest adversary,’ as Mideast War weighs on US priorities
Democratic presidential nominee and U.S. Vice President Kamala Harris walks to board Air Force Two as she departs for New York, at Joint Base Andrews, Maryland, U.S., October 7, 2024. Evelyn Hockstein | Reuters Vice President Kamala Harris said she considers Iran to be America’s “greatest adversary,” in a new interview on the CBS show […]
Read More
S&P’s Dan Yergin warns of ‘dangerous time’ for global economy as Middle East tensions fester
The global economy is entering a “dangerous time” like never before as Middle East tensions remain elevated, said S&P Global’s vice chairman Daniel Yergin. Since the Israel-Hamas conflict began on Oct. 7 of last year, the oil market has experienced minimal disruptions, with prices remaining under pressure as a result of increased U.S. production and […]
Read More
Why oil and gas markets are dreading the risk of supply disruption in the Strait of Hormuz
Basij paramilitary force speed boats are sailing along the Persian Gulf near the Bushehr nuclear power plant during the IRGC marine parade commemorating the Persian Gulf National Day in the south of Iran, on April 29, 2024. Nurphoto | Nurphoto | Getty Images An escalating conflict in the Middle East has thrust the world’s most […]
Read More
No case for more jumbo rate cuts by the Fed, strategists say
A television broadcasts the Federal Reserve’s interest rate cut on the floor of the New York Stock Exchange on Sept. 18, 2024. Michael Nagle | Bloomberg | Getty Images There is no case for more 50-basis-point rate cuts by the Federal Reserve, veteran market strategists told CNBC, saying the latest U.S. jobs data implies the […]
Read More
At least 24 killed in Israeli air strike on Gaza mosque and school
Destroyed buildings lie in ruin in central Gaza, amid the ongoing conflict between Israel and the Palestinian Islamist group Hamas, near the Israel-Gaza border, as seen from Israel, on Jan. 13, 2024. Amir Cohen | Reuters At least 24 people were killed and 93 others wounded when Israeli airstrikes targeted a mosque and a school sheltering displaced people […]
Read More
Nasrallah’s possible successor out of contact since Friday, Lebanese source says
A portrait of Hezbollah chief Hassan Nasrallah sits amid destruction in a area targeted overnight by Israeli airstrikes in Saksakiyeh on September 26, 2024. Mahmoud Zayyat | Afp | Getty Images The potential successor to slain Hezbollah leader Sayyed Hassan Nasrallah has been out of contact since Friday, a Lebanese security source said on Saturday, after an […]
Read More
Why oil prices haven’t skyrocketed on Middle East supply fears — yet
A general view of Isfahan Refinery, one of the largest refineries in Iran and is considered as the first refinery in the country in terms of diversity of petroleum products in Isfahan, Iran on November 08, 2023. Fatemeh Bahrami | Anadolu | Getty Images Oil prices have jumped more than $5 a barrel since the […]
Read More
Satellite imagery shows Iranian oil tankers at country’s major terminal disappearing amid fears of Israeli counterattack
A general view of the Port of Kharg Island Oil Terminal in Iran on March 12, 2017. Fatemeh Bahrami | Anadolu Agency | Getty Images Satellite imagery revealed a number of oil tankers vacating the waters around Iran’s key Kharg Island oil loading terminal, amid fears of an Israeli counterattack on Tehran’s energy infrastructure. “The […]
Read More
Goldman Sachs says crude could spike by $20 on Iran oil shock
The oil tanker ‘Devon’ prepares to transfer crude oil from Kharg Island oil terminal to India in the Persian Gulf, Iran, on March 23, 2018. Ali Mohammadi | Bloomberg | Getty Images Oil prices could shoot up $20 per barrel if Iranian production sees a hit resulting from Israeli retaliation, according to Goldman Sachs. U.S. […]
Read More
Asia-Pacific markets trade mixed as investors weigh China stimulus, oil gains
The Tokyo Tower, left, and commercial and residential buildings in Minato district of Tokyo, Japan, on Saturday, Oct. 1, 2022. Photographer: Akio Kon/Bloomberg via Getty Images Bloomberg | Bloomberg | Getty Images SINGAPORE — Asia-Pacific markets traded mixed on Friday following losses on Wall Street, with concerns over Middle East tensions keeping investors on edge […]
Read More