Before the war in Iran erupted, the Bank of England was widely predicted to be set to cut interest rates in March or April. Don't count on it, economists say.
Prediction markets are facing backlash over bets related to war, with Polymarket recently archiving some predictions on nuclear detonation.
Oil prices spiked amid the ongoing U.S.-Israel war with Iran, stoking affordability fears ahead of the November midterm elections.
The global oil market will need to balance by destroying demand through sharply rising oil prices, according to Rapidan Energy.
Zoox will start by deploying a fleet of retrofitted Toyota Highlander SUVs, before rolling out its toaster-shaped robotaxis for testing.
Novo dropped its patent-infringement case against telehealth provider Hims & Hers after the companies agreed that Hims would sell Novo's branded medicines.
Lee Jae Myung would "swiftly introduce" a fuel price cap, adding that Seoul will explore ways to diversify its energy import sources
U.S. Treasury yields climbed higher on Monday as oil prices soared past $100 a barrel and increased inflation fears among investors.
“There is no precedent for this. The sky is the limit,” said Neil Atkinson, former head of oil at the International Energy Agency.
Russia is reportedly helping Iran target U.S. forces in the Middle East, and could now benefit from a windfall of new oil and gas sales.
Kharg Island serves as the centerpiece for Iran's oil industry, accounting for roughly 90% of the country’s crude exports.
Nscale has become a key player in the AI infrastructure buildout
Shortly after the surge, U.S. President Donald Trump said on Truth Social that "short term oil prices" are "a very small price to pay."
The latest Middle East tensions sheds light on how the world's three largest oil consumers have taken different approaches to energy, with global consequences.
European stocks are expected to start the new trading week heavily lower as traders track developments in the Middle East and a surge in oil prices.
The U.S. ordered non-emergency government staff to leave Saudi Arabia as the widening Iran war rattled markets and sent oil prices surging above $110 per barrel.
China's consumer inflation recorded the biggest jump in more than three years, as an extended holiday bolstered spending.
Shortly after the surge, U.S. President Donald Trump said on Truth Social that "short term oil prices" are "a very small price to pay".
Brent futures spiked 16.1% to last trade at $107.61, while U.S. West Texas Intermediate crude futures rose almost 17.7% to $107.02
Gulf Arab oil producers are cutting production as they run out of storage space because they can't export through the Strait of Hormuz