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The US launched “heavy” strikes on Iran on Wednesday after a surprise Iranian missile attack on American forces, dashing hopes for de-escalation in the region. The strikes hit multiple cities across southern Iran, as reported by Al Jazeera and the BBC. Oil prices edged up 0.6% t…
Oil surged 3.6% to $82 a barrel after Iran launched a surprise ballistic missile attack on US forces in the Middle East, with all missiles intercepted, according to Centcom. The renewed escalation follows a brief pause and adds pressure on global energy markets, while analysts …
South Korea’s Kospi index plunged 10% today, the sharpest drop in years, dragging down US stock futures and crypto markets as the tight correlation between Korean and US tech stocks reached its highest level since 2021. Bitcoin slid 3% to $63,394, with Ethereum and Solana also …
Oil prices slid 5% to $84.60 after Iran reportedly signalled it would halt attacks as long as a US pause holds, with Bitcoin rebounding above $65,000 as the de-escalation buoyed risk assets. Ether outperformed with a 3.9% gain, hinting at a potential altcoin rally. The PAXG go…
A new front in the US-Iran standoff opened today as Houthi forces fired at Saudi oil facilities, while the conflict spread to the Caspian Sea after Tehran accused Ukraine of attacking an Iranian vessel. The US military also released footage of forces boarding a tanker accused of…
Trade war tensions escalated sharply today, with Donald Trump threatening the EU with “substantial” tariffs after Brussels fined Google, while separately suing the US government over his own new 25% duties on Brazilian imports and 50% tariffs on Canadian goods. The moves sent oi…
Oil prices stayed elevated near $91.70 as traders watched the Red Sea for clarity on the Houthi blockade, which has reshaped Saudi crude flows without halting them entirely. The US imposed new tariffs on 60 trading partners citing forced labour, drawing rebukes from allies and …
Geopolitical tensions in the Gulf drove markets today, with oil prices climbing 1.6% to $88.20 after a tanker was struck off Saudi Arabia and the US escalated threats against Iran. The Houthis claimed their first attack on oil tankers in the Red Sea since announcing a “maritime…
The US military’s 11th consecutive night of strikes against Iran expanded to provinces not previously hit, as Defense Secretary Pete Hegseth revealed the campaign has cost $37 billion and faced sharp criticism from lawmakers. Oil climbed 1.3% to $85.41, while gold rose 1.4% to…
The US launched fresh strikes on Iran, targeting the Islamic Republic’s naval capabilities in the Strait of Hormuz, as President Trump warned of retaliation for the deaths of American soldiers. Vessel traffic through the key oil corridor has slumped, driving a surge in energy pr…
Oil prices surged past $83 a barrel as the United States launched a ninth consecutive night of strikes against Iranian targets, with President Donald Trump stating the latest attacks were carried out “in honour” of killed US military personnel. The escalation in the Gulf has pu…
The US and Iran are locked in a rapidly escalating conflict, with American forces bombing Iran for an eighth consecutive night after two US service members were killed by Iranian missiles striking Jordan’s Muwaffaq Salti Airbase. Iran has warned of “unforgettable lessons” and ca…
US airstrikes hit Iran for a seventh consecutive night, with explosions reported near the Strait of Hormuz, while the US military says it is systematically degrading Iranian armed forces (BBC). Oil surged 4.5% to $81.78 as markets price in the risk of disruption to Gulf shippin…
Geopolitical tensions dominated markets today, with the US launching a sixth consecutive night of strikes on Iran and Israeli settlers attacking the town of Sinjil in the occupied West Bank. Oil prices rose 1.1% to $79.18 as Iran threatened retaliation if Trump targets critical…
Tensions between the US and Iran have escalated sharply, with nightly strikes continuing and a former US ambassador suggesting Iran misjudged Trump’s resolve. Meanwhile, Iran launched strikes on Gulf nations even as its foreign minister visited Qatar. This geopolitical volatilit…
The escalating US-Iran military confrontation intensified today, with Donald Trump threatening to bomb Iranian bridges and power plants if talks are not resumed, as strikes continued for a fourth day and a naval blockade of Iranian ports took effect. The situation has pushed oil…
Oil prices rose again on Tuesday as the US and Iran edged closer to direct confrontation, with President Trump now threatening to attack Iran’s underground nuclear facility at “Pickaxe Mountain” and the Houthis retaliating against a Saudi airport after strikes on Sanaa. Brent cr…
Oil surged 4.5% to $74.64 as the US and Iran exchanged direct airstrikes, with Iran striking US military bases in Bahrain, Kuwait, and Jordan within hours of fresh US attacks. The escalation rattled global markets: gold fell 1.1% to $4,069, South Korea’s Kospi plunged 7%, and …
The dominant story today is the escalating military confrontation between the US and Iran, with American forces launching a third round of airstrikes and Tehran responding by closing the Strait of Hormuz — a critical chokepoint for global oil shipments. Despite the heightened te…
Apple’s lawsuit against OpenAI dominates today’s headlines, alleging that two former employees conspired with the ChatGPT maker to steal trade secrets—a dramatic turn for a partnership that saw ChatGPT integrated into iPhones in 2024. The lawsuit, filed in a US court, claims the…