Keywords: Oil price surge


Chinese battery giants gain $70 billion as oil shock boosts EV demand

China’s leading battery manufacturers have added more than 70 billion dollars in combined market value since the start of military strikes on Iran, as investors shift toward companies expected to benefit from rising oil prices and accelerated electric vehicle adoption. Shares of CATL, BYD, and......

Brent crude tops $110 as Gulf attacks disrupt global supply

Brent crude futures rose above 110 dollars per barrel on Friday, reaching their highest level since mid-2022 as escalating attacks on energy infrastructure in the Gulf intensified concerns over prolonged supply disruptions. The surge capped a volatile week in which Brent traded between roughly 107 and......

Oil prices surge above $112 as Gulf attacks rattle markets

Asian stock markets fell sharply on Thursday as escalating attacks on energy infrastructure in the Gulf pushed oil prices higher, while the US Federal Reserve and the Bank of Japan held interest rates steady amid rising economic uncertainty. Oil prices jumped after strikes targeting key facilities across......

Bank of Japan holds rates as oil shock raises inflation risks

The Bank of Japan kept its interest rates unchanged on Thursday, warning that rising oil prices linked to the Middle East conflict could push up underlying inflation and complicate policy decisions. The central bank maintained its short-term policy rate at 0.75 percent following a two-day meeting, in......

Asian markets fall as oil holds above $100 amid Iran war

Asian financial markets opened lower Monday as investors prepared for another volatile week, with oil prices remaining above 100 dollars per barrel and no clear end to the conflict between the United States and Iran that has effectively disrupted shipping through the Strait of Hormuz. Futures tied to......

Gold steadies near $5,000 as Iran conflict clouds Fed rate outlook

Gold traded near the $5,000 per ounce mark on Monday as the United States and Israel conflict with Iran entered its third week, while rising oil prices complicated expectations for interest rate cuts by the Federal Reserve and limited the metal’s upward momentum. Spot gold edged up about 0.1 percent......

Asian markets slide as oil surge drives global stock selloff

Global stock markets extended their decline on March 11 and 12 as surging oil prices and renewed geopolitical tensions linked to the conflict with Iran revived fears of persistent inflation, weakening expectations for interest rate cuts and pushing investors toward safe haven assets. On Wall Street,......

Palm oil prices jump nearly 10 percent as Hormuz crisis boosts biofuel demand

Palm oil prices surged nearly 10 percent on March 9, marking the largest single day increase since the global commodity shock of 2022, as soaring crude oil prices triggered stronger demand for agricultural biofuels and disruptions in the Strait of Hormuz drove fertilizer costs higher. The benchmark......

Oil surge to $120 revives global push for renewable energy

The ongoing war involving the United States and Israel against Iran has disrupted a significant share of global energy supplies, pushing oil prices sharply higher and renewing calls worldwide to accelerate the transition toward locally produced renewable energy. Now entering its second week, the conflict......