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08.10.26 - 16:42
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Oil prices jump 5% on Middle East tensions and US hurricane threat (The Guardian)
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Global bond market sell-off continues and stocks fall amid reports White House has asked to see options for more strikes against IranBusiness live – latest updatesOil prices have risen sharply amid fears about escalating tensions in the Middle East and a squeeze on production from the threat of a hurricane off the US coast.Brent crude, the international benchmark, rose by 5% to $105.3 a barrel on Thursday, triggering a wave of selling in the global bond and stock markets. Continue reading......
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08.10.26 - 09:02
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Kennerly: Ultra Wealthy See Long-Term Mideast Gains (Bloomberg)
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Despite heightened uncertainty across the region, a new report from Savills finds that Abu Dhabi and Dubai continue to rank among the world's leading wealth destinations. The report evaluates more than 100 global locations on how well-placed they are to attract the next generation of wealth. Rachael Kennerley, Director of Research at Savills Middle East spoke to Bloomberg's Abeer Abu Omar on Horizons Middle East & Africa. (Source: Bloomberg)...
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08.10.26 - 04:24
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Oil remains beyond $100 per barrel as Middle East supply concerns persist (Times of India)
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As tensions escalate in the Middle East, particularly around the Strait of Hormuz, oil prices have surged amid fears of potential supply disruptions. Recent assaults on tankers heighten the danger of transporting crude through this vital corridor. Additionally, American crude inventories are dwindling, signaling a tighter market, while diesel and jet fuel stocks remain below average levels, a trend seen for over seven months since the onset of regional conflict....
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