Oil Rises, Asian Equities Fall on Fears of Widening Middle East Conflict - WSJ

Oil Rises, Asian Equities Fall on Fears of Widening Middle East Conflict  WSJ

How could the US forcibly reopen the strait of Hormuz and what are the risks?

US ground troops have arrived in the Middle East but military options to open the strait risk strong retaliation from Iran Middle East crisis – live updates The arrival of American ground invasion forces in the Middle East over the weekend provides Donald Trump with the muscle for a perilous attempt to forcibly open the strait of Hormuz, Iran’s biggest pressure point in the war. Iran’s chokehold on the strait, through which a fifth of the world’s oil trade normally passes, gives Tehran lev...

By Saeed Shah in Islamabad

European markets set to start the week lower as Iran war intensifies

European stocks are expected to start the new trading week in negative territory as the war in Iran showed no signs of ending soon as it entered its fifth week.

Malaysia’s food prices could rise by 50% as fuel costs soar, traders warn

The energy crisis caused by the Iran war could push food prices up by as much as 50 per cent in Malaysia, trade associations have warned, as soaring fuel costs threaten to wipe out already narrow margins for roadside stalls and restaurants feeding the country’s outsize appetite for eating out. Malaysia’s government coffers have already taken a hit due to fallout from the conflict, with local fuel subsidy costs estimated to spike by more than fourfold to about 3.2 billion ringgit (US$795 milli...

By Joseph Sipalan

Oil rises, stocks fall as Iran war enters fifth week and further escalation looms

Oil surged over $115 a barrel this Monday as the war in Iran entered its fifth week. Houthi strikes on Israel have raised concerns that shipping through the Bab al-Mandeb strait could be disrupted, adding to the supply pressure already created by the effective closure of the Strait of Hormuz. Also in this edition, we see how the conflict in the Middle East is affecting a wide range of businesses, including used car dealers in Japan and South Korea.

By Charles PELLEGRIN

GOP lawmakers and MAGA figures have their say on Trump’s troops on the ground threats

Trump may launch a ground invasion of Iran according to reports as the war in the Middle East enters its fifth week

By Maira Butt

Spain closes airspace to aircraft involved in Iran war, but US bases are being used in other ways

The Spanish government is walking a tightrope: it rejects involvement in a war it deems illegal, while still contributing to the defense of Turkey and Cyprus, in keeping with its commitments to NATO and the EU

By Miguel González López

It was supposed to be another boom year for the economy. March changed everything.

Between high energy prices and a partial government shutdown, air travel was a disaster in March. Bloomberg It was supposed to be another boom year for the US economy. But for many Americans, that outlook changed rapidly. The Iran war and partial government shutdown scrambled travel and prices for months to come. Mickey Lyons is holding off on booking her next vacation — at least until prices drop. "I can't believe I'm saying this," the 53-year-old Detroit resident said. "But I'm considerin...

Less shower time, no elevators & more: How Iran war is seeping into daily life worldwide

The Middle East conflict's global impact is escalating, disrupting supply chains and raising costs worldwide. From Australian farmers facing fertilizer shortages to South Koreans cutting shower times, nations are implementing energy-saving measures. This crisis, fueled by disruptions in vital shipping routes like the Strait of Hormuz, is reshaping daily lives and economies across continents, forcing significant adjustments.

By TOI BUSINESS DESK

Spain closes airspace to US planes involved in Iran war: Report - The Straits Times

Spain closes airspace to US planes involved in Iran war: Report  The Straits Times

Spain closes airspace to US planes involved in Iran war, defense minister says

The closure of the airspace forces military planes to bypass NATO member Spain en route to their targets in the Middle East, but it does not include emergency situations.

Middle East conflict creates economic risks for Greece and Cyprus

Greece and Cyprus are especially exposed to geopolitical shocks from the Middle East because tourism and shipping play an outsized role in both economies, despite a period of resilient growth, according to a report by Morningstar DBRS.  The agency said disruptions to shipping and air travel are raising costs and weighing on both freight rates and tourist flows, with Cyprus […]

Energy shock from Middle East war sees inflation rate spike

Inflation shot up this month due to the surge in energy prices resulting from the war in the Middle East.

Energy prices up 11.1% since February, CSO flash estimate

Annual consumer price inflation is estimated to have risen by 3.6% in the 12 months to March , the latest flash estimate of the Harmonised Index of Consumer Prices from the Central Statistics Office show.

Govt taking steps to ease burden on lower and middle-class amid fuel price hike: PM Shehbaz

The government is undertaking efforts to provide relief to the lower and middle classes amid a fuel price hike triggered by the global fuel crisis due to the Iran war, Prime Minister Shehbaz said on Monday. In a meeting chaired by the premier to review the impact of the Middle East war on petroleum stocks in Pakistan and public relief measures being taken, he was informed that the government was working in collaboration with the provincial government to “finalise the process of registration f...

By none@none.com (News Desk)

Seoul stocks dip nearly 3% amid escalating Middle East conflict

Seoul stocks fell nearly 3 percent Monday, led by heavy foreign selling, as an intensifying conflict surrounding Iran deepened concerns about global oil supplies and market uncertainties. The Korean won weakened against the US dollar. The benchmark Korea Composite Stock Price Index fell 161.57 points, or 2.97 percent, to 5,277.3, extending the losing streak to a third session. Trade volume was moderate at 721.04 million shares worth 20.66 trillion won ($13.64 billion), with losers outnumbering w

By The Korea Herald

Toyota sales fall, while Japan’s automakers brace for Iran impact

The carmaker was hurt by aggressive competition in electric vehicles in China and weak demand at home in Japan.

Korean won weakens further against U.S. dollar as Middle East conflict escalates further - Yonhap News Agency

Korean won weakens further against U.S. dollar as Middle East conflict escalates further  Yonhap News Agency

Cyprus, Greece most exposed in the EU to Iran war economic side effects, Morningstar DBRS warns

Cyprus and Greece are more exposed than most European Union economies to the fallout from the Middle East conflict, with tourism and shipping bearing the brunt, credit rating agency Morningstar DBRS has warned. In a report highlighting the structural vulnerabilities of both countries, DBRS said the escalating crisis is pushing up operating costs across shipping […]

By Newsroom

Aluminum soars 6% on LME after Iranian attacks hit major Middle East producers

Latest figures show increase in national fuel stocks

Recently revealed numbers show the total national fuel stocks have increased since the last update on 26 March.

PSX plunges over 4,700 points amid broad-based selling

Volatility persists as regional shocks, weak sentiment keep market range-bound

By Our Correspondent

Morningstar DBRS, Autonomous: Middle East affects Greek economy and banks due to oil and tourism

Structural dependence on tourism and shipping as well as macroeconomic vulnerabilities related to energy and external deficits is a key risk for banks - The widening of bond spreads is also a problem The post Morningstar DBRS, Autonomous: Middle East affects Greek economy and banks due to oil and tourism appeared first on ProtoThema English.

By admin

Oil rises above $115 and Asia shares slide as Iran war enters fifth week

Global oil prices jumped and stocks fell sharply on Monday in Asia after the US-Israel war with Iran entered its fifth week.

By Emmanuel Tetteh

Budapest Conference: Iranian Conflict Could Trigger Fresh Migration Wave Toward Europe

If the European Union does not take decisive action, another wave of migration could be heading toward Europe from the Iranian region, warned the Parliamentary State Secretary of the Ministry of the Interior at Friday’s conference in Budapest titled “In the Midst of Another Wave of Migration?” State Secretary Bence Rétvári said that a circular […] The post Budapest Conference: Iranian Conflict Could Trigger Fresh Migration Wave Toward Europe appeared first on Hungary Today.

By Hungary Today