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04.08.26 - 08:42
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Oil profits spike as Middle East war fuels energy prices and Trump blasts soaring earnings – business live (The Guardian)
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Rolling coverage of the latest economic and financial newsProfits are surging at oil companies on the back of the spike in energy prices triggered by the war in the Middle East.BP is the latest to reveal its windfall earnings today: its second-quarter profit more than doubled in the second quarter of this year to $5.73bn compared with the same period a year argo, beating analyst expectations.They're making too much money based on a shortage. I don't like it.Chevron, too much money. ExxonMobil, too much money,. They're going to give some of that back to the public and they better cut the retail price, the consumer price.”7am BST: Flutter interim results, BP Q2, HSBC Q2, Metro Bank Q210am BST: Eurozone unemployment data9pm BST: SpaceX Q2 first earnings report since its record-breaking IPO Continue reading......
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03.08.26 - 13:36
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Trump Revives Iran Talks as Markets Watch Middle East Risks | The Pulse 8/3/2026 (Bloomberg)
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President Donald Trump said new Iran talks would begin today after he called off a planned attack on Iran partially in response to pleas from US allies in the Middle East, including Saudi Arabia.
Stocks and bonds rose as the latest sign of easing tensions between the US and Iran pushed oil prices lower, allaying concerns about faster inflation.
The yen rallied sharply amid speculation that authorities may have intervened to prop up the currency again after coordinated action between the US and Japan last week.
Today's guests: Derek Halpenny, MUFG Global Markets Head of Research; Tina Fordham, Fordham Global Foresight Founder and Geopolitical Strategist
"The Pulse With Francine Lacqua" is all about conversations with high profile guests in the beating heart of global business, economics, finance and politics. Based in London, we go wherever the story is, bringing you exclusive interviews and market-moving scoops.
(Source: Bloomberg)...
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03.08.26 - 04:12
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Oil tumbles over 6% as Trump′s Iran talks revive hopes of easing Middle East tensions (Times of India)
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Oil prices dropped significantly as United States and Iran negotiations offered hope for de-escalation. Uncertainty surrounds these talks and ongoing security risks persist along vital shipping lanes. Brent crude futures experienced a sharp decline after President Trump announced potential discussions with Iran. This followed a substantial rally last month fueled by renewed conflict and tanker attacks....
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01.08.26 - 22:30
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Airspace Lockdown Looms: US Warns Americans Get Out Of Mideast As Iran Targets Kuwait Again (ZeroHedge)
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Airspace Lockdown Looms: US Warns Americans Get Out Of Mideast As Iran Targets Kuwait Again
There were no Friday night into Saturday morning US attacks on Iran, after President Trump warned he has given an order to hit Iran 'hard' - though didn't disclose a timeline. Friday reports in The Wall Street Journal, CNN, and Axios strongly suggested that large US strikes would commence at some point this weekend, as the region remains on edge.
The only new and recent attacks have been more apparent Iranian drone strikes on Kuwait. Kuwait's Foreign Ministry on Saturday has confirmed Iran's "continued aggression" against it after a drone attack earlier targeted "vital installations".
Kuwait City file image
The ministry called out the attacks as a "flagrant violation" of Kuwait's sovereignty which reveal a "determination to persist in a hostile approach." It said the country reserves the right to “take all necessary measures” to protect its security an...
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