Stories tagged “Global Markets.”
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The US has announced new economic sanctions on Iran, targeting key sources of revenue, including oil and gas. The sanctions also expose Tehran's trade partners to secondary penalties.
Iran's Deputy Minister of Agriculture emphasized the development of agricultural cooperation among EAEU member states, expansion of agricultural trade, and utilization of the capacities of the member states of the Eurasian Economic Union.
Bitcoin climbed above $65,000, gaining nearly 3 percent over the week, as a weak U.S. jobs report eased fears of further Federal Reserve rate hikes ahead of key inflation data on Wednesday.
Middle East War Throws LNG’s Growth Story Into Doubt
The ongoing Middle East war is casting a shadow over the growth story of liquefied natural gas (LNG). The conflict has disrupted supply routes, leading to concerns about the stability of LNG exports. This development has significant implications for the global energy mark…
South African rand strengthens as oil prices decline
The South African rand gained ground on Tuesday as falling oil prices provided support, while traders looked ahead to upcoming U.S. labor market data that could influence Federal Reserve policy decisions.
OPEC+ is expected to raise oil production quotas for September as the Middle East war continues to disrupt global energy supplies. The group is likely to increase production by 188,000 barrels per day, following several months of similar hikes.
OPEC+ Set to Raise Output Again—Even as Members Can't Pump It
OPEC+ is set to raise oil output despite members' inability to pump at full capacity. The decision is expected to impact global oil prices.
Pakistan has secured one of its most expensive spot liquefied natural gas (LNG) cargoes in recent years due to supply disruptions and rising domestic energy demand.
The US military said it completed its latest wave of strikes on Iran, marking a seventh consecutive night of American attacks. The strikes targeted surveillance sites, military logistics infrastructure, underground weapons storage, and maritime capabilities.
US strikes on Iran overnight hit an airport, a railway station, and two bridges, according to Iranian state media. American forces boarded a ship to enforce a renewed blockade of Iranian ports.
Iran's Islamic Revolutionary Guard Corps has threatened to close 'all other export corridors that benefit the US and its allies' after Iran shut the Strait of Hormuz and the US reimposed a naval blockade of Iranian ports.
Japan's 10-year yields have reached 2.88%, the highest since 1996, signaling a major shift in global risk dynamics. The yen is at a 40-year low, and aggressive Japanese fiscal expansion is intensifying pressure on the carry trade.
Crude Prices Sink as Traders Bet on More Iranian Oil
Crude prices have fallen as traders bet on increased Iranian oil production. The price drop comes amid easing tensions in the Hormuz Strait.
Norway's Oil Output Beats Forecasts Again Despite Pullback from April Highs
Norway's oil output has beaten forecasts again, despite a pullback from April highs. The country's oil production has been steadily increasing, with a notable rise in recent months.
China Builds New LNG Hub as Russian Imports Surge
China is building a new LNG hub as Russian imports surge. The move is expected to increase China's energy security and reduce its dependence on other countries.
Oil prices fell after US-Iran talks concluded in Switzerland, with Tehran securing waivers for oil and petrochemical exports. Brent crude fell 1.90% to $79.04 a barrel.
Iran's steel industry has reached 43rd place globally, with Mobarakeh Steel improving its ranking despite geopolitical challenges.
Crude Slides Nearly 9% as Traders Bet on Return of Iranian Oil
Crude oil prices have fallen nearly 9% as traders bet on the return of Iranian oil to the market. The price drop comes amid hopes of a reopening of the Strait of Hormuz.
Eleven Iranian ships have broken through the US naval blockade, with 8 vessels sailing through international waters and 3 entering Iranian waters after the blockade was lifted.
Venezuela’s Oil Exports Hit Seven-Year High as Global Buyers Return
Venezuela's oil exports have reached a seven-year high as global buyers return. The country's oil exports have increased due to the return of global buyers.