Global oil markets are bracing for a potential unprecedented surge, with US officials and analysts now considering oil prices reaching $200 a barrel, a significant escalation from previous surges. This grave concern is driven by intensifying West Asia conflict and fading ceasefire hopes, contributing to widening supply disruptions in crucial routes like the Strait of Hormuz and fueling broader inflation fears. Further signs of mounting financial instability are evident as major private credit funds have blocked investor withdrawals amid choppy stock trading.
“In a fresh move signalling tightening monetisation across India’s food delivery sector, Swiggy has raised its platform fee by 17 per cent to Rs 17.58 per order, up from Rs 14.99 earlier”
“just days after rival Zomato implemented a similar increase.”
“Global markets rallied on Monday after US President Donald Trump paused strikes on Iranian infrastructure, sending oil prices lower and boosting equities”
“#FPBusiness: Asian markets rebound as Trump delays Iran strike, easing oil shock fears; equities gain, yields fall, and crude remains volatile”
“Hormuz energy crunch has hit Indian kitchens the most with LPG imports stalled, prices up, and everyday staples like samosas and chai feeling the pinch”
“Japan warned of possible currency intervention as the yen weakened amid rising oil prices and West Asia tensions”
“Federal Reserve Governor Michael Barr said policymakers may need to keep interest rates steady for “some time” to address inflation that’s notably above the central bank’s 2% goal”
“Chile’s central bank held its key interest rate steady”
“Forgent and some of its shareholders are offering to sell 30 million shares in aggregate, less than two months after the electrical equipment company’s IPO”
“The average cost for a gallon of diesel in California rose to the highest level ever as the state deals with limited oil-refining capacity and as the war in Iran disrupts global energy shipments”
“Robinhood announced a new stock-buyback program authorizing the firm to repurchase as much as $1.5 billion of shares at a time when they’re slumping https://t.co/zt9wUYOeY0”
“For retail investors, the US stock market’s most reliable dip buyers in recent years, risks are starting to outweigh the rewards”