World Business NewsDollar steadies as fragile US-Iran ceasefire weighs on markets
Dollar takes breather as markets anxious over fragile U.S.-Iran ceasefire; Euro, yen slightly down in early Asian trading
World Business NewsDollar takes breather as markets anxious over fragile U.S.-Iran ceasefire; Euro, yen slightly down in early Asian trading
World Business NewsNikkei trades flat after 5.4% surge, Kospi falls 0.4% following 6.8% jump, MSCI Asia-Pacific ex-Japan slips 0.3%; S&P 500 and Nasdaq futures down 0.2%, Europe mixed with EUROSTOXX up 0.1%, DAX down 0.3%, FTSE up 0.5%
World Business NewsCrude futures tumble 15% as Trump announces two-week halt in hostilities; unusually large oil bets highlight market volatility
World Business NewsWorld Bank flags inflation and remittance risks from Middle East conflict but sees recovery to 6.9% in 2027, keeping region the fastest-growing among developing economies
World Business NewsIndian Oil buys cargo on Curacao-flagged VLCC Jaya, shipment headed to east coast with arrival expected later this week
World Business NewsDubai's main market spikes 8.5%, highest intraday gain in over 11 years, Abu Dhabi's benchmark index up 4.9%; Qatar market jumps 3.4%; Saudi benchmark index opens 1.4% higher
World Business NewsOil plunges up to 16% as Brent falls to $92.35, WTI to $94.59; S&P futures rise over 2%, Europe gains 4%, Nikkei jumps 5%, Kospi surges 6% triggering halt
World Business NewsYellow metal has lost over 8% since the Iran war erupted on February 28
World Business NewsFull restoration of Strait of Hormuz flows to take months; U.S. Energy Information Administration hikes 2026 Brent price forecast by 22% to $96/bbl
World Business NewsYen gains 0.7% to 158.50 per dollar, euro rises 0.7% to $1.1677, pound up 0.8% to $1.3403; Australian dollar climbs 1.2%, New Zealand dollar advances 1.1%
World Business NewsBrent falls $14.84, or 13.6%, to $94.43 a barrel, WTI slides $16.13, or 14.3%, to $96.82 a barrel as Iran says it will open up Strait of Hormuz for two weeks if attacks stop
HeadlinesRepayment strains reserves; IMF targets at risk; Central bank reserves at $16.4 billion; Eurobond payment adds pressure on external position