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President Trump Threatens Blockade Amid Mideast Conflict, Causing Oil Price Surge

President Trump Threatens Blockade Amid Mideast Conflict, Causing Oil Price Surge

Amid ongoing hostilities in the Middle East, President Trump has threatened to blockade vessels transiting through Iranian ports in the Strait of Hormuz. This action has led to a significant increase in oil prices, which have surged past $100 per barrel. The conflict has severely disrupted global oil production, affecting nearly one-fifth of the world's oil supply and 20% of liquefied natural gas trade. The Organization for Economic Co-operation and Development (OECD) projects global GDP growth at 2.9% for 2026, but the conflict's impact on energy prices could alter this outlook. Energy exporters are benefiting from improved trade terms, while importers face economic strain. The European Central Bank (ECB) has also adjusted its projections, anticipating negative growth in the euro area if oil prices continue to rise.
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Euro zone faces big growth hit even if Iran war quickly resolved, IMF says

Euro zone faces big growth hit even if Iran war quickly resolved, IMF says

WASHINGTON, April 14 (Reuters) - Euro zone growth will slow this year and inflation surge, forcing the European Central Bank to lift interest rates, even if the economic disruptions caused by the Iran war fade by mid-year, the International Monetary Fund said on Tuesday.
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Analysis-Dollar sheds bulk of Iran war premium, but few expect a sharper drop

Analysis-Dollar sheds bulk of Iran war premium, but few expect a sharper drop

By Saqib Iqbal Ahmed NEW YORK, April 15 (Reuters) - The U.S. dollar has given back most of the gains sparked by the Iran war, as a tentative ceasefire revived appetite for riskier currencies, but investors said robust demand for U.S. assets and waning prospects for U.S. interest-rate cuts should
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Bond investors target steeper US yield curve on bets for slower growth, more debt issuance

Bond investors target steeper US yield curve on bets for slower growth, more debt issuance

By Gertrude Chavez-Dreyfuss NEW YORK, April 14 (Reuters) - Bond investors are doubling down on so-called "curve steepener" trades that are bullish on short-dated U.S.
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US wholesale prices surged 4% last month after the war in Iran sent energy prices soaring

US wholesale prices surged 4% last month after the war in Iran sent energy prices soaring

U.S. wholesale prices surged last month as the Iran war drove up the cost of energy
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Former US Treasury Secretary Yellen says one Fed rate cut possible this year

Former US Treasury Secretary Yellen says one Fed rate cut possible this year

By Kane Wu and Jiaxing Li HONG KONG, April 15 (Reuters) - Former U.S. Treasury Secretary Janet Yellen sees one interest rate cut by the Federal Reserve as possible this year, even as the Iran war creates supply shocks in the global economy that put pressure on inflation.
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Bessent says Fed should 'wait and see' before lowering rates, Semafor reports

Bessent says Fed should 'wait and see' before lowering rates, Semafor reports

April 13 (Reuters) - The Federal Reserve should "wait and see" before deciding whether to lower interest rates amid the war in Iran, U.S. Treasury Secretary Scott Bessent told Semafor Editor-in-Chief Ben Smith on Monday.
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Federal Reserve's Lessons from 1970s Oil Shocks Mitigate Current Economic Impact

Federal Reserve's Lessons from 1970s Oil Shocks Mitigate Current Economic Impact

Federal Reserve's Lessons from 1970s Oil Shocks Mitigate Current Economic Impact
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Traders see clear path to higher-for-longer ECB rates

Traders see clear path to higher-for-longer ECB rates

By Stefano Rebaudo April 13 (Reuters) - Money market traders expect the European Central Bank to lean hawkish, keeping rates higher for longer and offering little prospect of easing even in the medium term as the energy shock from the ongoing Iran war is seen persisting.
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Analysis-Protracted Iran war narrows BOJ's rate hike options

Analysis-Protracted Iran war narrows BOJ's rate hike options

By Leika Kihara TOKYO, April 13 (Reuters) - Once seen as a strong possibility, a Bank of Japan rate hike in April is turning into a fainter prospect as fading hopes of an end to the Middle East conflict keep markets volatile and muddle the outlook for a fragile economy.
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Traders price in 70% chance of third ECB rate hike by December

Traders price in 70% chance of third ECB rate hike by December

By Stefano Rebaudo April 13 (Reuters) - Euro zone government bond yields edged up towards recent peaks on Monday after the United States and Iran failed to secure a deal to end the war, pushing oil prices higher and prompting traders to price in a 70% chance of a third ECB rate hike by December.
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European shares poised to open lower as Middle East talks fail

European shares poised to open lower as Middle East talks fail

April 13 (Reuters) - European stock futures tumbled more than 1% on Monday as optimism for a swift resolution to the Middle East conflict evaporated following the breakdown nL6N40V09S of crucial U.S.-Iran negotiations.