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Brent oil traded at the highest level since May on Friday. Iran-backed Houthi militants claimed recent attacks on the Saudi Red Sea port of Yanbu, as well as deadly strikes on an oil field and airport in the kingdom. The flareup threatens to widen hostilities around the Strait of Hormuz, where crude exports have recovered to near prewar levels. Abeer Abu Omar reports on Bloomberg Television. (Source: Bloomberg)
Treasuries fell after reports suggesting the Middle East war is heating up lifted oil prices.
Mexico inflation bets surged 36 points, Brazil’s runoff odds tightened and Ethiopia war odds fell. See what traders expect next. The post LatAm and Africa Prediction Markets, Week of 19 Oct appeared first on The Rio Times.
The war in the Middle East has disrupted oil and gas supplies, leaving governments to confront energy pressures as they prepare for next month’s Cop31 UN climate conference in Antalya, Turkey. The crisis raises an enduring question: how can climate action strengthen the resilience of an economy? China offers a useful case. Its factories supply technologically advanced products essential to the green transition at competitive prices. China has production cost advantages in electric cars,...
Morocco’s phosphate giant OCP SA is looking to attract foreign investors for some of its businesses, as supply disruptions caused by the Iran war hit profits at the state-owned company.
Egypt’s state-owned Banque du Caire is seeing strong interest in its sale of a 30% stake this month, as the Middle East’s most populous nation shrugs off turmoil elsewhere in the region to host two major initial public offerings.
Iraq, Bahrain, Kuwait and Qatar face double-digit declines in GDP amid the fallout from the US-Israel war on Iran.
The IMF has raised its 2026 global growth forecast slightly to 3.1%, citing the resilience of advanced economies despite rising energy prices caused by the Iran war. But it warned that poorer countries that are not benefiting from the AI boom remain particularly vulnerable to energy shocks, economic uncertainty and mounting debt.
War-driven prices for silver are threatening nagra makers in northern India.
Producers and buyers have adapted to absorb the risk of attacks on shipping.
El petróleo de Medio Oriente vuelve a fluir casi como antes de la guerra en Irán. Entonces, ¿por qué el crudo sigue sobre los US$100 por barril y un 40% por encima de los niveles previos al conflicto? Te explicamos cinco razones. (Source: Bloomberg)