Iran’s targeting of Middle East energy has pushed oil prices above the $100 per barrel level. with market experts expressing concern over the potential for long-term damage to the industry. Brent crude prices rose to $101 overnight after it emerged that major infrastructure on both land and sea in the Gulf countries had been damaged…
The conflict in Iran is hurting millions of people – bills are rising and energy markets are in decline. But a distorting effect of war is that some industries do well: that’s how our global financial system works, as certain sectors, like energy, can thrive amidst turmoil while others suffer. In this case, a group…
US stock markets fell on Thursday, as benchmark indices fell on weakness in technology stocks led by Alphabet, while bitcoin and precious metals also posted sharp declines, according to the AP. The S&P 500 experienced a 0.8% decline, marking its sixth consecutive loss since reaching its all-time high. As of 9:35 a.m. Eastern Time, the…
