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World markets feel the strain as US–Iran war grinds on

World markets feel the strain as US–Iran war grinds on

By Karin Strohecker and Dhara Ranasinghe LONDON, May 12 (Reuters) - From a rout in Asian currencies to the closure of a low budget U.S. airline, the dragging Middle East conflict is starting to bite across the globe and test the resilience of financial markets.

Explainer-Who are the 'bond vigilantes' exacting a price from Britain's government?

Explainer-Who are the 'bond vigilantes' exacting a price from Britain's government?

By Dhara Ranasinghe LONDON, May 12 (Reuters) - Britain's long-dated government borrowing costs have surged to their highest since 1998 as concern that a potential change in leadership could weaken fiscal discipline unnerves bond investors.

India races to shield economy from Iran war-driven oil shock, capital stress

India races to shield economy from Iran war-driven oil shock, capital stress

By Jaspreet Kalra and Nimesh Vora MUMBAI, May 13 (Reuters) - A sustained spike in energy prices triggered by the Iran war has clouded India's macroeconomic outlook, spurring crisis-era measures from policymakers to shield Asia's third-largest economy from external headwinds.

Exclusive-Iraq, Pakistan strike energy deals with Iran as Tehran flexes Hormuz control

Exclusive-Iraq, Pakistan strike energy deals with Iran as Tehran flexes Hormuz control

By Marwa Rashad and Ahmed Rasheed LONDON/BAGHDAD, May 12 (Reuters) - Both Iraq and Pakistan have cut deals with Iran to ship oil and liquefied natural gas from the Gulf, according to five sources with knowledge of the matter, in a demonstration of Tehran's ability to control energy flows through the

Wall Street points to losses as pessimism over quick end to Iran war persists

Wall Street points to losses as pessimism over quick end to Iran war persists

Wall Street was on track to open lower and oil prices continued to rise as optimism about an end to the Iran war seemed to fade

Russia downgrades 2026 economic growth forecast to 0.4% from 1.3%, deputy PM says

Russia downgrades 2026 economic growth forecast to 0.4% from 1.3%, deputy PM says

By Darya Korsunskaya MOSCOW, May 12 - Russia has cut its economic growth forecast for 2026 and the following three years but left unchanged the projected oil price despite the spike in global prices driven by the war in the Middle East, Deputy Prime Minister Alexander Novak told Vedomosti daily in

Iran war to cast a shadow on BRICS foreign ministers meeting in Delhi

Iran war to cast a shadow on BRICS foreign ministers meeting in Delhi

By Aftab Ahmed and Saurabh Sharma NEW DELHI, May 13 (Reuters) - The U.S.-Israeli war on Iran is set to cast a shadow over a two-day meeting of the foreign ministers of the BRICS grouping that kicks off in New Delhi on Thursday, testing the bloc's ability to reach a unified position and produce a

Oil prices rise as the Iran war drags on, but US stocks inch toward more records

Oil prices rise as the Iran war drags on, but US stocks inch toward more records

Oil prices are rising as the war with Iran threatens to drag on for longer, but U.S. stocks are nevertheless inching toward more records

Global shares trade mixed as AI excitement fades and war worries persist

Global shares trade mixed as AI excitement fades and war worries persist

Global shares are trading mixed, as the enthusiasm over AI and other technology stocks gradually faded, braking Wall Street’s record-setting run

Aramco CEO Warns of Oil Market Recovery Delays Due to Lost Barrels

Aramco CEO Warns of Oil Market Recovery Delays Due to Lost Barrels

Saudi Aramco's CEO, Amin Nasser, has warned that the global oil market recovery will be delayed due to the loss of 1 billion barrels of crude oil over the past two months. This loss is attributed to Iran's blockade of the Strait of Hormuz, which has significantly reduced global energy supplies and increased shipping costs. Despite Aramco's efforts to mitigate the crisis by using alternative routes like the East-West Pipeline, the market remains strained. Nasser emphasized that even if oil flow resumes, stabilizing the market will take time.

Share futures ease, dollar gains as Gulf talks teeter

Share futures ease, dollar gains as Gulf talks teeter

By Wayne Cole SYDNEY, May 11 (Reuters) - Share futures slipped and the dollar climbed in Asia on Monday on signs that talks between the United States and Iran were deadlocked, leaving the vital Strait of Hormuz all but shut and sending oil prices higher.

Oil jumps as US and Iran disagree on peace proposal

Oil jumps as US and Iran disagree on peace proposal

By Florence Tan SINGAPORE, May 11 (Reuters) - Oil prices jumped $3 a barrel on Monday as the United States and Iran failed to agree to a peace proposal drafted by Washington while the Strait of Hormuz remained largely closed, keeping global energy supplies tight.