The United Arab Emirates (UAE) is pushing for a multinational force to secure and reopen the Strait of Hormuz, the Financial Times reported on Friday, citing three people familiar with the matter. Officials said Abu Dhabi is urging allies, including the United States, to form a broad coalition to escort vessels and ensure safe passage, with …
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Crude oil prices continued to grow on Thursday, rising by more than 5% after United States President Donald Trump said that his country may not be “willing” to make a deal with Iran anymore, even though they are “begging” for one. He also noted that Washington has other targets it wants to hit in Iran “before leaving,” and that seizing the …
Continue reading “Oil jumps over 5% after Trump’s comments on Iran”
BlackRock Inc. President Rob Kapito said investors may be underestimating the risks stemming from the Iran war, which are likely to weigh on growth and drive inflation higher even if the conflict ends soon. Growth could be hit by as much as two percentage points, while inflation may rise by a similar margin even if the war …
Continue reading “Blackrock Oil may still spike to $150 a barrel”
United States President Donald Trump said on Thursday that Iranian negotiators were “begging” for a deal with Washington. In a post on Truth Social, Trump described the Iranian side as “very different” and “strange”. “They better get serious soon, before it is too late, because once that happens, there is NO TURNING BACK, and it …
The United States Department of Defense is discussing new options for dealing the “final blow” to Iran, including deploying ground forces there and launching a high-pressure bombing campaign, Axios reported on Thursday. According to two US officials and two other sources familiar with the matter, such moves will become more likely if the latest effort …
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The price of precious metals fell on Thursday as investors awaited clearer evidence of progress in efforts to ease tensions in the Middle East. Financial markets remained uneasy due to conflicting statements from the US and Iran over possible peace negotiations. Washington claimed Iran was desperate to reach an agreement, while ordering the deployment of thousands of …
Crude oil prices rose on Thursday amid conflicting signals and fading hopes of de-escalation in the Middle East conflict, following Iran’s dismissal of US President Donald Trump’s claim that the sides were holding talks to end the conflict. West Texas Intermediate (WTI) for settlements in May climbed by 2.21% to go for $92.27 per barrel at 2:28 am …
Continue reading “Oil up 2% as war de-escalation hopes fade”
Iran rejected a ceasefire proposal and called US talks “illogical,” according to the nation’s semi-official news agency Fars The US had tabled a 15-point plan which covers sanctions relief, civilian nuclear cooperation, a rollback of Iran’s nuclear program, missile limits and access for shipping through the Strait of Hormuz, according to AP Iran has kept up attacks on Arab Gulf states and …
Continue reading “Iran Rejects Ceasefire Proposal, Calls US Talks ‘Illogical’”
The prices of oil futures sank by more than 3% on Wednesday after it was reported that the United States would soon propose a plan for a one-month ceasefire with Iran. Meanwhile, US President Donald Trump claimed that Iran had agreed not to work on a nuclear weapon. He also insisted on his country’s and Israel’s victory in the conflict …
In a statement posted on its website recently, QatarEnergy said it expects the damage to its Ras Laffan Industrial City caused by missile strikes to cost about $20 billion a year in lost revenue and to take up to five years to repair. The company – which highlighted that the strikes occurred on March 18 …
Continue reading “QatarEnergy Missile Strikes May Cause $100B Revenue Loss”