The MSCI All-World index fell about 0.2% and European shares slid, leaving the STOXX 600 down 0.6%. MSCI’s broadest index of Asia-Pacific shares outside Japan closed 1% higher.
Oil prices have surged since February 28, when the United States and Israel launched air strikes on Iran that killed its supreme leader and plunged the Middle East into conflict.
President Trump announced "major combat operations" against Iran on Feb. 28, with massive joint U.S.-Israel strikes attack ...
WASHINGTON (AP) — The war with Iran is doing collateral damage to the world economy. The conflict is driving up energy and fertilizer prices; threatening food shortages in poor countries; ...
The conflict involving the US, Israel and Iran continues to dominate global headlines and raise concerns about broader ...
The International Energy Agency’s 32 member nations unanimously agreed on Wednesday to a coordinated release of 400 million barrels from their emergency crude oil stockpiles in an effort to restrain ...
Russia’s President is profiting from rising oil prices, but he’s also facing a hard new reality: he’s no longer the lead disruptor of the postwar global order.
The Strait of Hormuz, a narrow waterway off Iran’s coast now effectively closed by the war, is so vital for the global economy that governments are working on blueprints to speedily reopen it to oil ...
The conflict is reshaping travel patterns, energy dependencies, living costs, trade routes and diplomatic alliances.
Events in the Persian Gulf and the resulting LNG supply disruptions will give many in Europe flashbacks to 2022. Read more here.
Gulf states depend on food imported via the strait — and shipping surcharges could raise the cost of consumer goods around the world.
Environmentalists say the war in Iran’s effects on oil and gas prices are an argument to get off fossil fuels. But the reality is likely to be messier.
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