USD 50 billion loss in 50 days: Iran war upends oil and gas flow
Gulf countries lost about eight million barrels per day of crude production in March, nearly equivalent to the combined production of Exxon Mobil and Chevron...
Tag : Iran
Middle East conflict: Rystad sees massive repair costs for damaged energy facilities
Rystad sees total spending likely to average around USD 46 billion, with downstream refining and petrochemical assets accounting for the largest share...
Middle East conflict: World Bank chief Ajay Banga sees massive global growth hit
World Bank chief Ajay Banga said that the economic fallout from the Middle East conflict is already feeding into weaker global expansion...
Despite strong March sales data, United Kingdom automobile market stares at uncertainty
As per the United Kingdom's SMMT, the volatile geopolitics, along with the surge in fuel costs, may lead to increased demand for electric vehicles, while risking pushing up energy and supply chain costs...
Fitch sees varying effects on Sukuk, Gulf debt market liquidity
Fitch assesses liquidity using Bloomberg’s Liquidity Assessment scores, which indicate security-level liquidity...
IF Insights: Choking of Strait of Hormuz tests limits of war risk insurance
The concept of war risk insurance has been under the spotlight since 2022, but is gaining traction as the world is dealing with the Ukraine war and the Middle East conflict...
Why Microsoft Intune’s role in Stryker cyberattack is a scary prospect
When a company like Stryker is disrupted, the immediate assumption is straightforward: hospitals will feel the impact...
Bund yields near 15-year high as investors remain cautious
Talking about Bund yields, Germany’s 10-year government bond yield, the euro area’s benchmark, dropped 0.5 basis points to 3.01%...
Middle East conflict: Trump administration official teases US’ next move for oil market
According to Scott Bessent, the addition of sanctioned Iranian oil into global supplies would help keep oil prices down for the next 10 to 14 days...
Japan, South Korea share volatile currency concerns as Yen faces stern test
The yen touched its lowest in 20 months on 13th March, nearing the line of 160.00 to the dollar that the market analysts think might prompt Tokyo to intervene to support the currency...