U.S. stocks are drifting Thursday as crude oil prices continue to climb and signals suggest the economy remains solid. The S&P 500 was 0.4% lower in midday trading after flipping between modest gains and losses earlier in the day. The Dow Jones Industrial Average was down 273 points, or 0.6%, as of 11 a.m. Eastern…
Oct 03, 2024 01:10 PM IST Global oil prices rose for a third consecutive day, reaching towards $75 a barrel, after Israel and the US vowed at retribution towards Iran Rising tensions between Israel and Iran in the Middle East has sent global crude oil prices rising, and this can potentially worsen now that Iran…
Text size Iran resumed flights at its airports on Thursday, state media said, after a brief suspension following its missile attack on Israel. The Islamic republic launched 200 missiles at Israel on Tuesday evening, marking its second-ever direct attack on its sworn enemy, following a missile and drone attack in April. Both domestic and international…
Israel and Iran have never been closer to sparking a regional war in the Middle East. Iran on Tuesday launched a two-wave ballistic missile attack in response to Israel’s killing of Hezbollah Secretary-General Hassan Nasrallah in Beirut last week and following the July 31 assassination of Hamas political chief Ismail Haniyeh in Tehran. The salvo…
Oil rose for a third day as traders assessed supply risks in the Middle East, with Israel expected to make a retaliatory strike against Iran following Tehran’s missile barrage earlier this week. Brent crude climbed toward $75 a barrel after, on course for the longest run of daily gains since August, while West Texas Intermediate…
The dollar rose to a one-month high versus the yen on Thursday as robustness in the U.S. jobs market backed the idea that the Federal Reserve does not need to rush to cut interest rates. Iryna Ustenko | Istock | Getty Images The dollar rose to a one-month high versus the yen on Thursday as…
File photo: US President Joe Biden (Picture credit: AP) The United States is reportedly urging Israel to exercise caution while responding to Iran‘s recent escalation of launching approximately 200 ballistic missiles on Tuesday night.During consultations following Iran’s missile launch, US President Joe Biden and G7 leaders have stressed the importance of a “proportionate” response. Biden…
(Reuters) – Oil prices ticked higher in early trade on Thursday as investors weighed the escalating conflict in the Middle East and the potential for disruption to crude flows, against an amply-supplied global market. Brent crude futures increased 64 cents, or 0.87%, to $74.54 a barrel as of 0006 GMT. U.S. West Texas Intermediate crude…
Three Hongkongers have been evacuated from Lebanon with the help of the Chinese embassy, authorities have disclosed. Hong Kong’s Immigration Department said on Wednesday that the evacuation was coordinated with the foreign ministry’s office in the city and the Chinese embassy in Beirut. They were safely transported by vessel and a flight was arranged, a…
Oil prices rose as much as 3% Wednesday before paring gains amid worries of supply disruptions stemming from the Middle East conflict. Prices fell from session highs by mid-day in the trading session after Russia signaled oil alliance OPEC+ would follow through with plans to add supply to the market in December. US government data…