(Bloomberg) — U.S. allies are reportedly pushing for a last-minute deal with Iran, as President Donald Trump extended his deadline until Tuesday for Tehran to reopen the Strait of Hormuz, keeping markets on edge over whether a breakthrough could be achieved. Axios reported that Pakistan, Egypt and Turkey are trying to find an opportunity for … Read more
(Bloomberg) – U.S. equity index futures fell and oil extended gains after President Donald Trump signaled a further escalation in the war on Iran, adding to the risk of energy panic already looming in the global economic outlook. Futures contracts for the S&P 500 Index fell 0.2% as traders cut back on predictions that higher … Read more
Travelers planning summer vacations face a tough decision as global oil supply disruptions, caused by conflicts in the Middle East, have pushed up jet fuel prices leading to higher airfares being passed on to passengers. ADVERTISING ADVERTISING According to the latest analysis of the International Transport Organization, the price of world jet fuel stood at … Read more