US EditionU.S. Dollar Surges as Middle East Conflict Fuels Global Market Panic
- The U.S. dollar rose to a three-month high against the euro amid a surge in oil prices above $110 a barrel and falling stock markets due to concerns over disruptions in global energy supplies caused by the Middle East conflict.
- Iran appointed Mojtaba Khamenei as Supreme Leader, indicating hardliner control a week into the conflict, which has disrupted about 20% of global crude and natural gas supplies.
40 Articles
40 Articles
By ELAINE KURTENBACH BANGKOK (AP) — Japan’s Nikkei 225 benchmark plummeted more than 5% and other Asian markets also fell on Monday after oil prices skyrocketed to nearly $120 per barrel, projecting a shadow over highly oil- and gas-dependent economies imported from the region. S&P 500’s futures, the Nasdaq composite index and the Dow Jones Industrial Average were traded with a drop of more than 1% after falling more than 2% last Sunday. China’s…
Oil Prices Hit 4-Year High as Middle East Tensions Escalate
The global economy is bracing for a significant shock as crude costs soar to triple digits. With a deepening conflict in the Middle East endangering a fifth of the planet's energy exports, the threat of a prolonged supply crunch is becoming a reality. Markets are now on high alert, while the risk of a major disruption sends oil prices to their highest levels in months. Sunday evening saw a sharp spike in oil prices as the market opened, with pri…
Dollar Surges as War-Fuelled Oil Spike Rattles Global Markets
The U.S. dollar surged on Monday as investors rushed toward safe-haven assets amid fears that the escalating Middle East conflict could trigger a prolonged disruption to global energy supplies. The rally came as oil prices briefly approached $120 per barrel, raising concerns that the war could severely damage global growth while reigniting inflation pressures. The […] The post Dollar Surges as War-Fuelled Oil Spike Rattles Global Markets appeare…
Oil prices jumped more than 25 percent on Monday, the most since mid-2022. Some major producers have cut supplies, and the market is mainly concerned about prolonged disruptions to shipping due to the war between the United States, Israel and Iran.
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- 36% of the sources are Center, 36% of the sources lean Right
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