Brent crude briefly broke above $120 per barrel, reaching a wartime high after Trump rejected Iran’s latest ceasefire proposal and announced an extended blockade, sending global energy markets into turmoil.
The UAE’s plan to leave OPEC is being viewed as a major blow to the organisation, with one analyst calling it ’the beginning of the end of OPEC.’ We break down how OPEC influences oil prices and what the UAE’s departure could mean.
Brent crude oil surged to $119 a barrel on Wednesday, up nearly 7%, as reports emerged that the US is preparing to extend its blockade of Iranian ports, while Tehran threatens to continue disrupting shipping through the Strait of Hormuz.
Sri Lanka’s government discloses another anomalous financial transaction, days after hackers stole $2.5M from the finance ministry, as the nation’s cybersecurity vulnerabilities continue to come under scrutiny.
Wall Street faces a crucial test this week as the Federal Reserve makes its rate decision and major tech companies report quarterly earnings, with AI investment returns at the center of market focus.
The Federal Reserve kept interest rates unchanged at its April meeting, but four officials voted in dissent, marking the highest level of disagreement in nearly 34 years.
Brent crude oil surged to approximately $117 per barrel amid reports that the US is preparing to extend its naval blockade of Iranian ports.
Starbucks reports strong quarterly earnings with rebounding store traffic and revenue that exceeds Wall Street expectations, injecting confidence into the uncertain consumer sector.
BBC analysis identifies multiple warning signals suggesting a new financial crisis may be brewing, but its form and impact pathway will be fundamentally different from 2008.
The Federal Reserve’s April monetary policy meeting begins today with markets widely expecting rates to hold steady. This may be Chair Jerome Powell’s final rate decision before his term ends.