World Business NewsShares mixed, dollar gains as Iran talks teeter
Dollar up as US-Iran talks stumble; Oil climbs more than 4% in Asian trade
May 11, 2026
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Reuters
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World Business News
World Business NewsUS container imports fall 5.5% in April amid trade policy and geopolitical disruptions
Shipping volumes decline for first time in April since 2022 as tariff uncertainty and Strait of Hormuz tensions weigh on trade flows
May 8, 2026
Oil prices surge as brent gains 3% amid Iran–US air strike escalation
Strait of Hormuz tensions and ceasefire uncertainty drive volatility, while Brent and WTI still head for weekly losses
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World Business NewsASEAN pushes urgent fuel-sharing pact amid Middle East energy shock concerns
Cebu summit highlights urgency for coordinated oil security framework as Strait of Hormuz disruption exposes regional vulnerability
May 8, 2026
World Business NewsTrump sets July 4 deadline for EU to comply with trade deal or face 'much higher' tariffs
New Trump deadline delays imminent threat of 25% tariff on EU cars
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World Business NewsUS trade court rules Trump tariffs illegal, but issues narrow block
Court rules 10% temporary global duties are unjustified under a 1970s trade law
May 8, 2026
World Business NewsGold set for weekly gain as markets focus on US-Iran peace deal prospects
Spot gold rises 0.85% to $4,709.06 per ounce and heads for 2% weekly gain, while silver climbs to $79.68, platinum to $2,045.38 and palladium to $1,500.91; United States gold futures edge up to $4,716.50
May 8, 2026
World Business News19 members of the WTO, including US, agree among themselves not to impose duties on e-commerce
Agreement among US, Korea, Japan and others comes into effect on Friday; Business groups say new pact not a substitute for lapsed global moratorium
May 8, 2026
World Business NewsUN body says global food prices rise for third straight month amid Iran war disruptions
Food and Agriculture Organization index climbs 1.6% in April as vegetable oil prices surge, while global cereal output forecast raised to record 3.04 billion metric tons
May 8, 2026
World Business NewsBrent tops $100 on renewed Gulf clashes as AI drives Asia stocks to weekly rise
Taiwan, Japan, South Korea markets have strong weekly gains; Yen hovering around 157; markets on edge for intervention
May 8, 2026
World Business NewsOil-price bets ahead of Iran war news totalled $7 billion, reporting shows
Bets spread across exchanges, types of fuel and derivatives, Reuters has found
May 8, 2026
World Business NewsOil supply shock to worsen as inventories fall further even if conflict ends
Inventories and emergency reserves rapidly depleting, raising risk of supply shortages; Executives warn full impact of Strait of Hormuz closure not yet felt; Analysts expect higher prices and volatility ahead
May 7, 2026