Global financial markets suffered broad losses on Tuesday as widening military instability in the Middle East drove oil prices higher, stoking stubborn inflation fears.
Global financial markets fell sharply on Monday as leading artificial intelligence executives called for a deliberate development slowdown over safety risks, while Brent crude…
Global crude oil prices climbed sharply on Sunday after a drone strike forced Saudi Arabia to shut down its critical East-West pipeline.
South African motorists face record fuel price hikes in October 2026, driven by Brent crude surging past $100 a barrel amid Middle East conflicts and local refining shortages.
U.S. stocks rebounded sharply on Friday, led by a 509-point jump in the Dow Jones Industrial Average, as easing oil prices and an inflation report matching…
Brent crude hit a seven-week high of $99 per barrel on Tuesday as a lethal stalemate in the Strait of Hormuz entered its sixth month.
The price surge followed mutual threats of economic warfare, a missile attack on U.S. warships, and strikes on refinery infrastructure.
OPEC+ maintained its oil output policy unchanged for October at a Sunday meeting, pausing supply hikes as seven core members focus on setting 2027 quotas.
Global government bond yields have climbed to their highest levels since the 2008 financial crisis, driven by renewed Middle East hostilities pushing Brent crude above $100 a…
Oil prices surged significantly and global financial markets slumped following a U.S. military strike against Iranian rocket launchers in the Strait of Hormuz.
U.S. forces struck Iranian rocket launchers on the Strait of Hormuz, triggering a surge in crude oil prices and a retreat in stock futures across Asia…
Marking six months since the initial U.S.