Keywords: Oil prices


JPMorgan bullish S&P 500 call tested as Iran ceasefire wavers

JPMorgan adopted a tactical bullish stance on U.S. equities this week after a two-week ceasefire agreement between the United States and Iran, forecasting a potential 6 percent rally in the S&P 500 as market sentiment improves. The outlook followed a strong market rebound on April 8. The Dow Jones......

TSX futures dip as Middle East tensions weigh on markets

Futures for Canada’s main stock index, the S&P/TSX, fell slightly on Thursday as investors assessed ongoing developments in the Middle East, while uncertainty over the Strait of Hormuz reopening drove oil prices higher. June TSX futures were down 0.13% as of 5:22 a.m. ET (9:22 a.m. GMT). Heightened......

South African rand weakens amid geopolitical uncertainty and economic signals

The currency of South Africa weakened slightly as investors reacted cautiously to ongoing geopolitical uncertainty and assessed key domestic economic indicators. The South African rand came under pressure as doubts persisted over the durability of a fragile ceasefire in the Middle East involving the......

Dow Jones surges over 1,300 points on US-Iran ceasefire

U.S. stock markets posted sharp gains Wednesday, their strongest session in a year, after the United States and Iran agreed to a two-week ceasefire. The truce raised hopes of easing an oil shortage that had stalled the economy. The Dow Jones Industrial Average climbed 1,325 points, or 2.85 percent. The......

European energy stocks fall as oil prices drop after Iran ceasefire

European energy shares declined sharply following a significant drop in oil prices after a ceasefire agreement between the United States and Iran eased geopolitical tensions. Major companies including Equinor, BP, Shell, Eni, and TotalEnergies recorded notable losses as markets reacted to the sudden......

IMF warns Iran war is fueling inflation and slowing global growth

Six weeks into the U.S.-led military campaign against Iran, the economic fallout is accelerating. The closure of the Strait of Hormuz, a strategic passage through which roughly 20% of the world's oil supply flows, has sent crude prices surging, pushed U.S. gasoline to its highest level in nearly......

Global energy crisis deepens as oil supply disruptions intensify

The world is facing an unprecedented energy crisis as disruptions to oil and gas supplies continue to intensify, raising concerns about global economic stability and inflation. According to the head of the International Energy Agency (IEA), the current situation represents one of the most severe energy......

Asian markets rise on ceasefire hopes amid US Iran tensions

Asian stocks and emerging market currencies edged higher on Monday as reports of a possible temporary ceasefire between the United States and Iran lifted investor sentiment, despite an approaching deadline set by US President Donald Trump for Tehran to reopen the Strait of Hormuz. Trading volumes remained......

US service sector slows in March as input costs hit 3.5-years high

Growth in the U.S. services sector slowed in March, while the costs businesses pay for inputs surged to levels not seen in over three years, signaling rising inflation pressures amid ongoing geopolitical tensions in the Middle East. The Institute for Supply Management (ISM) reported that its non-manufacturing......