US EditionWar with Iran Chokes Flows of Oil and Natural Gas, Highlighting Energy Security Risks for Asia
Iranian drone and missile strikes on Gulf civilian and economic targets have disrupted one-third of the world’s crude oil exports through the Strait of Hormuz, analysts say.
- On Sunday, a fire at an Amazon Web Services data center in Dubai struck a major cloud data center, possibly the first wartime damage to such a facility.
- When U.S. and Israeli leaders launched operations last week, Iran quickly expanded retaliation by striking civilian economic hubs across the Gulf Cooperation Council states with drones and ballistic missiles.
- Vessel traffic through the Strait of Hormuz fell to one-fifth on Sunday, while flights to the UAE, Qatar and Bahrain remained heavily curtailed by Monday.
- Stock prices in Qatar and Saudi Arabia slid and exchanges in the UAE and Kuwait suspended trading, while Brent crude jumped 15% to about $84 per barrel amid disruptions.
- U.S. President Donald Trump said Tuesday the U.S. will offer political-risk insurance through the International Development Finance Corporation and may deploy its navy, while analysts warn the conflict could worsen in the coming weeks.
24 Articles
24 Articles
Associated Press News
Energy shock fears rise as the Iran war chokes supplies to Asia
The war with Iran is disrupting oil and LNG shipments through the Strait of Hormuz, a key artery for global energy trade, sending prices higher and threatening global growth.
War in Iran, trouble at home: Hungary’s economy faces pressure
The sudden escalation of the Iranian conflict has unsettled markets across Europe. Energy prices have surged, investors have grown cautious, and smaller, import-dependent economies are feeling exposed. Among them, Hungary may prove particularly vulnerable if the crisis drags on.Continue reading
WSJ's Greg Ip: Global oil markets free from Venezuela and Iran threats would be 'a game changer'
Greg Ip, Wall Street Journal chief economics commentator and deputy economics editor, joins 'Squawk Box' to discuss the ongoing Iran war, long-term impact on the global oil markets, and more.
Global Market | Energy shock threat looms over global growth outlook
Markets are experiencing sharp swings due to strikes on Iran. Investors worry about oil supply disruptions and rising inflation. Oil prices have climbed, impacting stock markets. Global bonds saw initial weakness. Inflation expectations are increasing. The Federal Reserve may delay interest rate cuts. Some see this as a buying opportunity. Markets are watching regional developments closely.
Coverage Details
Bias Distribution
- 50% of the sources are Center
Factuality
To view factuality data please Upgrade to Premium
