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Morning Bid: Oil surges on US blockade of Iran

Morning Bid: Oil surges on US blockade of Iran

A look at the day ahead in European and global markets from Tom Westbrook Oil futures jumped back over $100 at the open in Asia on Monday, the dollar fell and stocks were down as U.S.-Iran talks collapsed without making progress toward any durable peace.

Trump Administration Likely to Extend Russian Oil Waiver Amid Iran Conflict

Trump Administration Likely to Extend Russian Oil Waiver Amid Iran Conflict

President Donald Trump's administration is considering extending a waiver that allows countries to purchase sanctioned Russian oil and petroleum products. This waiver, initially set to expire on April 11, was introduced to stabilize global energy prices during the ongoing U.S.-Israeli conflict with Iran. The waiver could release 100 million barrels of Russian crude, which is nearly a day's worth of global output. Treasury Secretary Scott Bessent discussed the extension with President Trump, and they agreed on its potential benefits. The conflict has led to a spike in oil prices due to the partial closure of the Strait of Hormuz, a critical passage for global oil and gas shipments.

Unsettled and uncertain: What the Iran war means around the world as US and Iran enter talks

Unsettled and uncertain: What the Iran war means around the world as US and Iran enter talks

The long-term fallout of the war in Iran is only beginning to take shape, but this much is clear: The conflict has left the Middle East unsettled, alliances strained and the world facing uncertain shifts in the balance of economic and military power

Oil prices resume their climb and Asian markets decline as US prepares for blockade of strait

Oil prices resume their climb and Asian markets decline as US prepares for blockade of strait

Oil prices have resumed their climb and Asian markets mostly declined as the U.S. military prepared to blockade ships entering or leaving the Strait of Hormuz, where most shipping has been stalled by Iran since the start of the war

Iran Conflict Expected to Create Oil Market Deficit in 2026

Iran Conflict Expected to Create Oil Market Deficit in 2026

The ongoing conflict involving U.S. and Israeli strikes on Iran has significantly impacted global oil production, leading analysts to predict a supply deficit in 2026. The war has disrupted flows through the Strait of Hormuz, a critical passageway for global oil consumption, and has resulted in production shut-ins and attacks on energy infrastructure. Analysts expect oil market demand to outpace supply by 750,000 barrels per day on average this year, a stark contrast to previous forecasts of a surplus. The International Energy Agency reports a reduction in oil supply by around 11 million barrels per day as of March, with further disruptions anticipated.

Take Five: Eyes on Islamabad

Take Five: Eyes on Islamabad

April 10 (Reuters) - It's all about the Iran war once again, with weekend ceasefire talks being the main event, but the coming days will also give early indications of the fallout for big companies and the world's second largest economy, China.

European Stocks Rise Amid U.S.-Iran Ceasefire Uncertainty

European Stocks Rise Amid U.S.-Iran Ceasefire Uncertainty

European stocks have shown positive movement as investors weigh the fragile ceasefire between the U.S. and Iran. The pan-European Stoxx 600 index rose by over 0.8%, with most regional sectors in positive territory. The ceasefire has also influenced Asian markets, with South Korea's Kospi and Japan's Nikkei 225 showing gains. However, European defense stocks have fallen due to optimism about potential peace negotiations in Ukraine. The ongoing situation in the Middle East continues to affect global markets, with investors closely monitoring developments.

Ukraine faces months of diplomatic and military pressure, Zelenskiy says

Ukraine faces months of diplomatic and military pressure, Zelenskiy says

By Olena Harmash KYIV, April 10 (Reuters) - President Volodymyr Zelenskiy said the spring and summer months would be difficult for Ukraine as it would face pressure on the battlefield and also diplomatically to end the war.

Soaring gas prices lead to biggest monthly inflation spike in four years

Soaring gas prices lead to biggest monthly inflation spike in four years

The largest monthly jump in gas prices in six decades caused a sharp spike in inflation in March, creating major challenges for the inflation-fighters at the Federal Reserve and heightening the political challenges of rising costs for the White House

War in Iran sends inflation soaring and the mood of American consumers plunging

War in Iran sends inflation soaring and the mood of American consumers plunging

The largest monthly jump in gas prices in six decades caused a sharp spike in inflation in March, creating major challenges for the inflation-fighters at the Federal Reserve and heightening the political challenges of rising costs for the White House

Polls in Hungary and Peru next in key election year for world markets

Polls in Hungary and Peru next in key election year for world markets

By Libby George and Dhara Ranasinghe LONDON, April 10 (Reuters) - Voters in Hungary could deliver a boon to bond investors, while Peru's weekend polls will help determine the next step for its economy, the latest in a string of key elections worldwide this year.

Morning Bid: Back from the brink?

Morning Bid: Back from the brink?

By Anna Szymanski April 10 - Everything Mike Dolan and the ROI team are excited to read, watch and listen to over the weekend. From the Editor Hello Morning Bid readers! Markets returned from the long holiday weekend anything but rested, as U.S.