World Business NewsOil retreats after hitting four-year high on concern of US-Iran war escalation
Global oil benchmark Brent hits $126.41 a barrel, highest since March 2022
Apr 30, 2026
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World Business News
World Business NewsWorld Bank forecasts 24% jump in energy prices, 16% rise in commodities in 2026 amid Middle East war
World Bank baseline sees Strait of Hormuz shipping returning to near pre-war levels by October, but flags risks skewed toward higher prices
Apr 29, 2026
World Business NewsDollar steady as investors brace for Fed decision in face of war
Fed decision awaited, likely last under Chair Powell's leadership; Traders on alert for yen intervention risks as yen nears 160 level
Apr 29, 2026
World Business NewsStocks retreat on Iran, AI concerns as Fed meeting looms
MSCI Asia-Pacific ex-Japan index down 0.2% for second day after record highs; S&P 500 futures up 0.1%, Brent crude rises 0.4% to $111.71 per barrel
Apr 29, 2026
World Business NewsOil hits one-month high over concerns about prolonged Hormuz disruption
Brent futures for June rise $3.08, or 2.8%, to $114.34 a barrel; WTI up by $2.75, or 2.8%, to $102.68
Apr 29, 2026
World Business NewsGold steady as markets await Powell's comments on Iran war impact
Spot gold up 0.1% to $4,597.07/oz, June futures at $4,610.20; silver rises 0.8% to $73.64, platinum falls 0.4% to $1,930, palladium down 0.4% to $1,453.91
Apr 29, 2026
World Business NewsUAE exit weakens OPEC+ power over oil market but group to stay together, sources say
Group will survive the blow, but become weaker; Iraq has no plans to leave OPEC, sources say
Apr 29, 2026
World Business NewsUAE to exit OPEC on May 1 amid Gulf energy tensions and production policy rift
Decision follows Iran-linked energy crisis as Abu Dhabi signals shift toward output flexibility and global market share expansion
Apr 28, 2026
World Business NewsOil prices rise above $110 a barrel as no end to Iran war stand-off seems in sight
Brent climbs 2.1%, WTI by 1.9%; Iranian oil tankers turned back by US blockade; ADNOC LNG tanker crosses Hormuz for the first time since Iran war
Apr 28, 2026
World Business NewsStocks steady, yen firms after BOJ holds rates
Big tech earnings to test strong AI rally in April; Fed, ECB and BoE also to stand pat this week
Apr 28, 2026
World Business NewsUS and EU launch critical minerals partnership to counter supply chain dominance risks
Transatlantic deal targets coordinated trade tools, pricing mechanisms and investment frameworks amid efforts to reduce reliance on concentrated mineral supply chains
Apr 27, 2026
World Business NewsChina blocks Meta’s $2bn AI startup deal, orders withdrawal over national security concerns
Beijing tightens foreign investment scrutiny in frontier tech, halting acquisition of Manus amid wider US–China AI rivalry
Apr 27, 2026