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U.S.-Iran Ceasefire Unlikely to Immediately Lower High Fuel Prices

U.S.-Iran Ceasefire Unlikely to Immediately Lower High Fuel Prices

U.S.-Iran Ceasefire Unlikely to Immediately Lower High Fuel Prices
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Uniqlo owner Fast Retailing books 29.4% rise in Q2 profit, raises forecast

Uniqlo owner Fast Retailing books 29.4% rise in Q2 profit, raises forecast

By Rocky Swift TOKYO, April 9 (Reuters) - The Japanese owner of clothing brand Uniqlo said on Thursday that quarterly profit rose 29.4% just before the Middle East crisis roiled global markets and supply chains, and raised its full-year forecast on strong international growth.
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Middle East Ceasefire Raises Oil Price Concerns Amid Supply Risks

Middle East Ceasefire Raises Oil Price Concerns Amid Supply Risks

Oil prices have risen due to uncertainties surrounding a fragile two-week ceasefire in the Middle East, which has raised concerns about restricted energy flows through the Strait of Hormuz. Brent crude futures increased by $2.18, reaching $96.93 per barrel, while U.S. West Texas Intermediate (WTI) crude rose by $3 to $97.41 per barrel. Despite a previous drop below $100 per barrel, market participants remain cautious about the geopolitical risk premium. The Strait of Hormuz, a critical waterway for global oil supply, remains a focal point of concern. Analysts predict continued volatility in oil prices, with no clear resolution in sight regarding U.S.-Iran negotiations. The ceasefire's viability is questioned as regional tensions persist, with Israel's recent attacks on Lebanon and Iran's retaliatory actions against regional oil facilities.
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Maersk Maintains Caution on Hormuz Shipping Amid U.S.-Iran Ceasefire

Maersk Maintains Caution on Hormuz Shipping Amid U.S.-Iran Ceasefire

Maersk, a leading global shipping company, is maintaining a cautious approach to shipping in the Strait of Hormuz despite a two-week ceasefire between the U.S. and Iran. The conflict, which began with U.S.-Israeli strikes on Iran, led to significant disruptions in the Gulf region's shipping activities. Maersk has suspended cargo bookings to many Gulf ports and imposed emergency fuel surcharges due to increased costs. The company is using alternative routes through ports in Saudi Arabia, Oman, and the UAE to continue operations. Maersk emphasizes that the ceasefire does not yet provide full maritime security, and decisions on transiting the Strait will depend on ongoing risk assessments.
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US pump prices to stay elevated despite US-Iran ceasefire deal, market observers say

US pump prices to stay elevated despite US-Iran ceasefire deal, market observers say

By Shariq Khan NEW YORK, April 8 (Reuters) - U.S. consumers will continue to pay high prices to fill up their vehicles or purchase airplane tickets through the peak summer travel season, several market experts said on Wednesday, even as wholesale fuel prices cooled after President Donald Trump
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Iran Conflict Causes Fuel Price Surge in Chicago, Straining Local Economies

Iran Conflict Causes Fuel Price Surge in Chicago, Straining Local Economies

The conflict involving Iran has led to a significant disruption in global oil markets, resulting in a sharp increase in fuel prices in Chicago. Gas prices in the city have risen by over 25% since the conflict began, with diesel prices reaching their highest levels since 2022. This surge is impacting both individual consumers and businesses, such as Moran Transportation Corporation, which faces increased operational costs. The closure of the Strait of Hormuz and damage to oil facilities have exacerbated the situation, leading to a prolonged period of high fuel prices.
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Rising Trucking Costs in the US Exacerbate Inflation Concerns

Rising Trucking Costs in the US Exacerbate Inflation Concerns

Rising Trucking Costs in the US Exacerbate Inflation Concerns
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Rising Diesel Prices Impact Trucking Industry, Creating Challenges for Small Carriers

Rising Diesel Prices Impact Trucking Industry, Creating Challenges for Small Carriers

Rising Diesel Prices Impact Trucking Industry, Creating Challenges for Small Carriers
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U.S. Service Sector Slows as Inflation Rises Amid Iran Conflict

U.S. Service Sector Slows as Inflation Rises Amid Iran Conflict

U.S. Service Sector Slows as Inflation Rises Amid Iran Conflict
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NY Fed Reports Increased Supply Chain Pressures in March Amid Middle East Tensions

NY Fed Reports Increased Supply Chain Pressures in March Amid Middle East Tensions

NY Fed Reports Increased Supply Chain Pressures in March Amid Middle East Tensions
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JPMorgan CEO Warns Iran Conflict Could Trigger Inflation and Prolong High Fed Rates

JPMorgan CEO Warns Iran Conflict Could Trigger Inflation and Prolong High Fed Rates

JPMorgan CEO Warns Iran Conflict Could Trigger Inflation and Prolong High Fed Rates
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UK services firms report surge in costs, fading optimism as Iran war takes toll

UK services firms report surge in costs, fading optimism as Iran war takes toll

By Suban Abdulla LONDON, April 7 (Reuters) - Businesses in Britain's services sector reported the biggest month-on-month jump in costs in March since 2021, driven by higher energy and transportation prices, according to a survey that underscored the inflationary risks from the Iran war.