The war with Iran has already shaken oil markets, but the latest US strike on Kharg Island reveals something deeper about how this conflict may unfold. The island is not just another military target in the Persian Gulf. It is the point where Iran’s economy connects to the global oil system. Washington hit military installations
How does grabbing a chicken roll in Kolkata—a city famed for its vibrant culinary heritage—connect to the US-Israel-Iran war raging in the Middle East? Surprisingly, it does—a lot. Samir Ray, who runs a bustling fast-food stall serving hundreds daily, told Invezz he may soon have to shut down amid India’s worsening LPG cylinder shortage, directly
As the conflict in the Middle East continues to roil global markets, investors are searching for signs of a turnaround. However, today on CNBC, Altaf Kassam – EMEA Head of Investment Strategy and Research at State Street Global Advisors – provided a sobering reality check. While historical precedents suggest that markets often rally before a
The Dubai edition of Token2049, one of the world’s largest crypto industry conferences, has been postponed as regional tensions continue to disrupt international travel across the Middle East. Organisers confirmed on Friday that the event, originally planned for April 29-30 in Dubai, will now take place on April 21-22, 2027. The decision comes as the
The United States issued a 30-day waiver for countries to buy sanctioned Russian oil and petroleum products stranded at sea, drawing criticism from Germany and other European allies on Friday, but approval from Moscow. The waiver, which will last till April 11, according to US Treasury Secretary Scott Bessent, was intended to stabilise global energy
US stocks opened in green on Friday after oil prices displayed some sign of easing, and officials from the Trump administration signalled that the Strait of Hormuz blockade will not be a long-term problem. The Dow Jones Industrial Average climbed 301 points, or 0.7%, while the S&P 500 added 0.5%, with the Nasdaq Composite also
The S&P 500 Index remains under pressure this week, continuing a slow downtrend that started in January when it peaked at a record high of $7,000. It has retreated by over 4.8% and is now hovering at its lowest level since November last year. Technicals suggest that this index has more downside to go as
Rivian stock price is stuck in a technical bear market after falling from last December’s high of $22.7 to the current $15.20. It retreated after the company shared details of the upcoming R2 vehicle, with its short interest continuing to rise. So, will the stock rebound or continue the downward trend? Rivian announced details for
Oil prices fell more than 2% on Friday after the US granted a waiver for sanctioned Russian crude and an Indian tanker sailed out of the Strait of Hormuz. However, both benchmarks, Brent and West Texas Intermediate crude oil, were on course for weekly gains due to the ongoing conflict in the Middle East. On
The US-Iran conflict has entered its 14th day on Friday, March 13th, and with no clear end in sight, the investors have started hunting for hedges to recover their losses. Currently, no strategy seems to be working as stocks are falling, bonds have weakened, and with the dollar, oil, and gold all pulled into the