Israel

Gulf officials said that three Gulf states were reviewing the way they invest trillions of dollars from their sovereign wealth funds to offset the losses caused by the U.S. and Israeli war against Iran. The official who spoke on condition of anonymity said that the review could include divestments, reversals of investment pledges, and a reevaluation of global sponsoring deals. This is because the oil and gas-rich states are assessing how to deal with the financial shock. The top four economies of the Gulf Cooperation Council are Saudi Arabia, Qatar and Kuwait. Three of the four largest economies in the...

The price of British government bonds?fell dramatically in early trade on Tuesday, as the markets questioned if the plans for a record releasing?of oil reserve could offset any potential supply shocks resulting from the U.S. and Israeli war against Iran. As of 0906 GMT the short-dated gilt yields were up around 12 basis points, completely erasing Tuesday's large drops. Investors have also reduced their bets for a Bank of England rate cut in this year. The probability is now?roughly 20 percent, down from 50 percent a day ago. The British public is more vulnerable to a shock in energy prices...

The Wall Street Journal, citing sources familiar with the issue, reported that the 'International Energy Agency' has proposed the 'largest release in oil reserves history to lower a soaring crude price? due to the U.S./Israel war against Iran. WSJ reported that the release of oil would be greater than the 182,000,000 barrels?of crude oil that IEA members countries released in two releases in 2022, when Russia began its full-scale 'invasion' of Ukraine. The Wall Street Journal reported that the IEA will convene an extraordinary meeting with its member states 'on Tuesday. They are expected to 'decide on the proposal -...

Karoline Leavitt, White House Press Secretary, said on Tuesday that the American public would see oil and gas prices fall rapidly once the joint Israeli-U.S. war against Iran is fully accomplished. Leavitt told reporters that the increase in gas and oil prices was temporary and the operation would result in lower prices over the long-term. Prices of oil on Monday soared to $119 per barrel, their highest level?since June 20, 2022. Supply cuts by Saudi Arabia and other producers have stoked concerns about major disruptions in global supply. Leavitt said that Trump's energy team was closely monitoring the markets and...

'Britain and its allies are working on a variety of options to support commercial shipping in the Strait of Hormuz despite iranian threats. The spokesman for Prime Minister Keir 'Starmer said that Tuesday, as the U.S. - Israel war against Iran is roiling oil prices. Donald Trump, the U.S. president, has said that the war will end "soon." He also stated that the U.S. would escalate its attack if Iran attempted to block tanker traffic in the Strait of Hormuz. Downing Street read out a statement after speaking with the leaders of Germany, Italy and France late on Monday. They...

Oil prices dropped on Tuesday, after hitting a three-year high in the previous session. U.S. president Donald Trump predicted that the Middle East war could be over soon. This eased concerns about disruptions of global oil supply. Brent futures were down $4.17 or 4.2% to $94.79 per barrel at 0345 GMT. U.S. West Texas Intermediate crude (WTI), however, was down $3.81 or 4% to $90.96 per barrel. Both contracts had fallen as much as 11 % earlier, before reversing some of their losses. On Monday, oil prices soared to their highest level since mid-2022 as Saudi Arabia and others cut...

During a 'online meeting' with the Group of Seven Finance Ministers, Satsuki Katayama, Japanese Finance minister told a press briefing that IEA called for a coordinated release?of emergency?oil reserve during a?online meeting on Monday. Katayama stated that the IEA had asked each country to release oil reserves in a coordinated manner. "In response to current conditions... the G7 has agreed to closely monitor developments on the energy?market, and to take the necessary measures to support the global energy supply. This includes releasing oil reserves." Katayama stated that the IEA and the Ministers were joined by executives from the World Bank,...

The oil prices are soaring, while the share market is tumbling on the fear that the escalating U.S./Israeli war against Iran will cut energy'supplies and hamstring industry?all over the world. The following?are?actions?that governments are taking, or plan to take?to reduce the impact of war on their economies. SOUTH KOREAN PLANS FUEL CAPITAL South Korean President Lee Jae Myung announced?on?Monday that the authorities will cap domestic fuel prices?for?the first?time in almost 30 years. He said that the country would also "look for energy sources beyond those shipped through the Strait of Hormuz" and a 100 trillion won (67 billion dollars) programme...

Donald Trump stated on Saturday that Britain was "seriously considering" sending two aircraft carriers to the Middle East. He added, however, that the United States would not be sending any. The United States does not need these aircraft carriers to win the war against Iran in the latest conflict between military allies. Trump has repeatedly criticized British Prime Minister Keir starmer, suggesting that he "ruined" the historically close relationship between the two countries after London refused to allow the U.S. The initial use of British base to attack Iran was criticised by Trump. Trump wrote on?Truth Social that he would...

The UK's hesitant response to the Middle East conflict and reluctance to defend its allies have renewed doubts about the military effectiveness of the country, especially when the U.S. demands widespread rearmament. Trump slammed Keir starmer, the British Prime Minister on Tuesday. He said that he had "ruined" their historically close relationship when London refused to allow the U.S. to use British bases for pre-emptive attacks on Iran. Cypriot officials have also criticised London for sending a drone made in Iran to strike one of Britain's bases on the island. This prompted France, Greece, and other countries to offer support....

Italy's Energy Minister?said Wednesday that the country could reactivate some coal-fired?power stations if conflict in?the Middle East leads to an energy shortage. Gilberto Pichetto Fratin, Minister of Energy and Environment in Italy, said that "there are coal-powered stations in Italy that I would not like to reactivate. But they're there in reserve for our country." Israeli and U.S. Forces?struck Iranian targets on Tuesday. This prompted Iranian strikes against energy infrastructure in other Gulf States considered U.S. Allies in a area that accounts for just under a third global oil production. Iran also targeted tankers in the Strait of Hormuz. Through...

Investors are uncomfortable with the Middle East conflict and the flaring geopolitical risks around the world. How can they hedge these risks when the traditional equity-bond portfolio no longer works? Investors are under pressure to find a solution, and the answer may not be obvious. However, the recent volatility in the world markets following the U.S./Israeli attack on Iran at the weekend indicates that this pressure will only intensify. On Monday, implied volatility in U.S. Treasuries rose to its highest level since April as bonds fell across the curve. On Tuesday, implied volatility in the U.S. equity markets rose to...

Share markets are down on concerns that a U.S. - Israeli war against Iran is escalating and will lead to a squeeze on energy supplies around the world. Here are some?actions? that governments have taken?or? plan to take in order to lessen the impact the war has on their economies. SOUTH KOREAN PLANS FUEL CAPITAL South Korean President Lee Jae Myung announced on Monday that the government would be capping domestic fuel prices for nearly 30 years. The country will also look for sources ?of energy beyond supplies shipped via the Strait of Hormuz, and a 100 trillion won ($67...

Indonesia's Finance Minister?said? on Monday that the country will absorb the shock of a rise in oil prices by increasing the allocation to fuel subsidies and using the state budget. Indonesia has budgeted 381.3 billion rupiah (22.50billion dollars) for energy subsides and to compensate Pertamina, the state energy company and PLN, the utility company for their efforts to maintain some fuel and electricity prices at an affordable level. The budget is based on assumptions that Indonesian crude oil prices will average $70 per barrel in 2026 and the average rupiah rate of exchange for dollars will be 16,500. Oil prices...

South Korean President Lee Jae Myung announced on Monday that the government would cap domestic gasoline prices for the first time in nearly 30 years to contain a price spike after the Middle East conflict sent global crude oil prices sharply higher. At an emergency meeting to discuss the Middle East Crisis, Lee stated that the government would "boldly and swiftly" implement a maximum pricing system on petroleum products which have seen recent price increases. In his opening remarks, Lee stated that the current crisis is "a significant burden" on our economy which is heavily dependent on global trade as...

Rubio, the Secretary of State for the United States, said that the U.S. would 'take action' to tame the rising energy prices caused by a surge in oil prices as a result of the conflict with Iran. Rubio told reporters on Capitol Hill that Treasury Secretary Scott Bessent and Energy secretary Chris Wright will announce the plans Tuesday. Rubio stated that "starting tomorrow, you'll see us roll out those phases in an effort to mitigate against this... We anticipated this could be a problem." According to his itinerary, President Donald Trump will meet Bessent and Wright on Tuesday at 2...

OPEC+'s decision to increase crude oil production by 206,000 barrels a day (bpd), starting in April, is likely?the most unimportant decision that the group has taken during its nearly decade-long existence. Addition of 0.2% to global oil demand in a month is nothing more than a symbol in light of the escalating conflict in the Middle East that is already causing serious disruptions in supply. There was not much the 'eight members' of OPEC+ who are voluntarily cutting production could have done if they had met on Sunday in order to reassure the market that the supply would be secure....

Trade sources and LSEG data show that at least two ships loaded with Russian crude oil bound for refiners located in India were diverted due to new U.S. Sanctions. This week, the U.S. Treasury Department imposed sanctions against more than 115 Iran linked individuals, entities and ships. Some of these vessels are involved in transporting Russian crude oil. Donald Trump, the U.S. president, has warned that he will impose 100% tariffs on all oil purchases from Moscow unless Russia signs a peace agreement with Ukraine. Trade sources reported that three ships, the Aframaxes Tagor, Guanyin, and Suezmax Tassos were to...

The oil prices rose on Friday, thanks to a stronger dollar and an optimistic outlook for the demand in the United States, after fuel inventories dropped more than expected. Brent crude futures gained 43 cents or 0.6% to $71.21 per barrel at 0423 GMT. This is their highest level since the 3rd of March. The U.S. West Texas Intermediate (WTI), which is a crude oil produced in the United States, gained 38 cents or 0.6% to $67.54. U.S. data revealed a greater than expected drawdown in distillate stocks, including heating oil and diesel, last week. The drop was 2.8 million...

Oil costs held constant on Friday, on track for a weekly rise of 5%, as the Ukraine war magnified and Chinese imports were set to increase in November. Brent crude futures climbed 33 cents, or 0.44%, to $ 74.56 a barrel by 1008 GMT. U.S. West Texas Intermediate crude futures rose 27 cents, or 0.39%, to $70.37 per barrel. Both agreements are set for gains of 5% this week, the greatest weekly rise since late September, as Moscow steps up its Ukraine offensive after Britain and the United States allowed Kyiv to strike Russia with their weapons. Putin stated on...

U.S. Defense Secretary Lloyd Austin said on Wednesday that he had not seen proof that there was a Hezbollah bunker filled with cash developed under a. medical facility in Beirut, adding that Washington would continue to. work with Israel to get a better insights. Israel's armed force said that Hezbollah has stashed hundreds. of countless dollars in money and gold in a bunker developed under. a health center in Beirut, adding that it would not strike the. center as it maintains attacks against the group's financial. possessions. We have not seen evidence of that at this moment. But, you. know,...

Oil prices dipped on Wednesday after market information showed U.S. crude inventories swelled more than anticipated, though declines were capped as the market enjoyed diplomatic efforts in the Middle East after Israel continued attacks on Gaza and Lebanon. Brent unrefined futures dipped 20 cents, or 0.3%, to $ 75.84 a barrel by 0330 GMT. U.S. West Texas Intermediate crude futures shed 20 cents, or 0.3%, to $71.54 a barrel. Unrefined futures settled higher in the two previous sessions today. The marketplace continues to await Israel's response to Iran's rocket attack, ING experts said on Wednesday, adding the rate strength on...

Oil costs were set for a second straight week of gains despite edging lower on Friday, as recent U.S. financial data enhanced optimism over need on the planet's top oil customer. Brent crude futures looked set for a 1.3% weekly rise, while U.S. West Texas Intermediate unrefined futures had increased about 1.2%. On Friday, Brent fell 30 cents, or 0.4%, to $80.74 per barrel by 0528 GMT, while the WTI fell 40 cents, or 0.5%, to $77.76. U.S. retail sales information on Thursday beat analysts' expectations, while separate information showed fewer Americans had filed new applications for unemployment benefits recently,...

Oil costs edged lower in early Asian trading on Friday, but the marketplace's criteria were set for a. 2nd consecutive weekly gain after upbeat U.S. economic data. alleviated financier worries about a prospective economic downturn in the top. oil consuming country. Brent unrefined futures fell 16 cents, or 0.2%, to. $ 80.88 per barrel by 0024 GMT. U.S. West Texas Intermediate. unrefined futures fell 23 cents, or 0.3%, to $77.93 a barrel. Brent was set to advance 1.6% on a weekly basis, while WTI. was on track for gains of about 1.5%. Investors discovered restored optimism around U.S. economic growth....