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Middle East Escalation Could Push Oil to $100
Rising Middle East tensions threaten global oil supply stability
The conflict in the Middle East is escalating. The Strait of Hormuz, located between the Persian Gulf and the Gulf of Oman, may once again become a crucial point in this situation. This strategic strait is the most essential oil transit point in the world,
Middle East Escalation Could Push Oil to $100 But Spike Likely Short-Lived
Brent crude could reach the $90-$100 a barrel range if the conflict in the Middle East escalates further, but any spike in prices would likely be short-lived, according to Capital Economics' Jason Tuvey.
Oil Rises as Middle East Conflict Deepens, Gains Capped by Global Supply Outlook
Brent crude futures increased 64 cents, or 0.87%, to $74.54 a barrel as of 0006 GMT. U.S. West Texas Intermediate crude futures gained 72 cents, or 1.03%, to $70.82 a barrel.
20h
South African rand softens, global markets focus on Middle East tensions
The South African rand weakened slightly against a stable dollar in early trade on Wednesday, as markets worried about rising ...
Foreign Affairs
7h
The Middle East on Fire
MONA YACOUBIAN is Vice President of the Middle East and North Africa Center at the United States Institute of Peace. This ...
10h
Flights Delayed or Cancelled as Middle East Conflict Disrupts Aviation
LONDON (Reuters) -Rising tensions in the Middle East have created air travel chaos, with global airlines diverting or ...
21h
The Economic Cost of a New War in the Middle East
An escalation of fighting between Israel and Iran could cause oil prices to spike and send a chill through the global economy ...
22h
on MSN
Global airlines divert, cancel flights as they grapple with escalating Middle East tensions
Carriers have cancelled flights to Israel and Lebanon in the wake of the rising conflict, with many saying they won’t resume ...
Skift
16h
Global Hotel Industry Outlook: U.S. Weakens, Middle East Shows Strength
The global hotel industry is experiencing varied performance across regions in 2024, says a CBRE report, with headwinds and ...
3d
Why the World’s Biggest Powers Can’t Stop a Middle East War
The United States’ ability to influence events in the Mideast has waned, and other major nations have essentially been ...
7h
on MSN
Iran-Israel war: How escalating Middle East conflicts could affect Indian stock market, commodity prices
Geopolitical tensions and economic uncertainty may prompt central banks to reconsider rate cuts, influenced by rising oil ...
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