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Oil Surges as Kharg Attack Raises Stakes in Mideast Conflict Bloomberg.comUS gas prices surge to their highest since October 2023 CNNUS oil prices could see another day of wild fluctuation as Iran war drags on The GuardianOil prices climb despite Trump moves to temper market AxiosIran War Catapults Asia to the Frontline of a Global Energy Crisis Bloomberg.com
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It probably helps that Wall Street analysts have continued to raise their earnings forecasts, according to Ed Yardeni, founder of Yardeni Research.
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Higher fuel costs will make it more expensive to transport goods and plant crops
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As the broader war in the Middle East begins its third week, worries over the fallout of crippled energy supplies continue to roil markets.
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South Asia reels from global energy crisis sparked by the US-Israeli war on Iran
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Tehran warns of strikes on banks after hitting data centers, hotels, airports and seaports, threatening the global finance hub of its more prosperous neighbors.
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