Iran, Israel and Oil prices
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Global stocks wavered and oil prices rose on Tuesday, as conflict between Israel and Iran entered its fifth day, while the yen was choppy after the Bank of Japan decided to slow the pace of reduction in its bond purchases from April next year.
Markets are concerned about Iran's frequent threats to blockade the Strait of Hormuz, just as the US heads into peak summer demand season.
The Environmental Protection Agency has told staff overseeing the country’s industrialized Midwest– a region plagued by a legacy of pollution– to stop enforcing violations against the fossil fuel companies,
With the exception of Russia’s invasion of Ukraine, big swings in oil have been driven by broader geoeconomic trends
Investors grew optimistic about a quick de-escalation in the Israel-Iran conflict on Monday, reversing course after a tough Friday. Here's how two market participants viewed the action. “The geopolitical risks remain high,
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Shell Plc’s former head of oil trading in the US was stiffed on his 2020 bonus by more than $29 million, he claims in a lawsuit that shines a light on compensation inside the oil major’s lucrative trading unit.
Energy prices have jumped since the onset of clashes between Israel and Iran. Investors worry the conflict could have a big economic consequences.
Importantly, this shift in positioning occurred before last Friday’s dramatic escalation in the Middle East, when Israel launched strikes on Iranian nuclear facilities and senior military targets,” said Ole Hansen,
Investors are regaining some appetite for risk amid rising optimism that the conflict won't spill over into a broader regional crisis.