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Economy
April inflation data to test global markets amid Middle East energy shocks
All eyes turn to Fed’s rate decision amid mixed trend in global markets
US stocks close lower as chip sell-off, oil prices pressure Wall Street
US says 15% of reviewed tariff refund entries denied so far
April inflation data to test global markets amid Middle East energy shocks
All eyes turn to Fed’s rate decision amid mixed trend in global markets
US stocks close lower as chip sell-off, oil prices pressure Wall Street
US says 15% of reviewed tariff refund entries denied so far
European stocks close mixed amid geopolitical concerns, earnings reports
Stoxx 600 falls 0.37%, France's CAC down 0.46%, Germany's DAX drops 0.27%; UK's FTSE up 0.11%
European stocks close mixed amid geopolitical concerns, earnings reports
Stoxx 600 falls 0.37%, France's CAC down 0.46%, Germany's DAX drops 0.27%; UK's FTSE up 0.11%
Middle East war to trigger biggest energy price surge in 4 years: World Bank
UAE says state oil company’s focus unchanged after OPEC withdrawal
Ryanair CEO warns if jet fuel prices stay high, European airlines may fail
11 vessels pass through Strait of Hormuz amid stalled US-Iran talks
US crude oil tops $100 again as Hormuz closure keeps supply fears elevated
UAE says state oil company’s focus unchanged after OPEC withdrawal
Ryanair CEO warns if jet fuel prices stay high, European airlines may fail
11 vessels pass through Strait of Hormuz amid stalled US-Iran talks
US crude oil tops $100 again as Hormuz closure keeps supply fears elevated
FACTBOX - 2 months of Iran war: Commodity shock deepens as Hormuz disruption lifts energy, fertilizer costs
Brent, WTI up around 60% from pre-war levels, European gas, sulfur and fertilizers have also risen sharply, while precious metals have retreated from February peaks
US Treasury yields hit highest levels since March as oil surge clouds Fed outlook
Turkish aerospace officials reveal plans at Ankara space tech event
Bank of Canada holds policy rate at 2.25%, warns higher energy prices may lift inflation
Oil prices jump over 5% as US-Iran stalemate keeps Hormuz supply fears alive
High jet fuel costs drive up air fares, int'l aviation body says
Higher energy prices continue to push Germany's inflation up
OPEC exit: Why the UAE is leaving and what it means
Turkish aerospace officials reveal plans at Ankara space tech event
Bank of Canada holds policy rate at 2.25%, warns higher energy prices may lift inflation
Oil prices jump over 5% as US-Iran stalemate keeps Hormuz supply fears alive
High jet fuel costs drive up air fares, int'l aviation body says
Higher energy prices continue to push Germany's inflation up
OPEC exit: Why the UAE is leaving and what it means
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Ryanair CEO warns if jet fuel prices stay high, European airlines may fail
Budget carrier better protected as it has hedged 80% of fuel needs, says Michael O’Leary
28 April 2026
11 vessels pass through Strait of Hormuz amid stalled US-Iran talks
9 vessels pass through Hormuz from Arabian Gulf to Gulf of Oman, including crude oil tanker
28 April 2026
US crude oil tops $100 again as Hormuz closure keeps supply fears elevated
WTI reaches highest level since early April in wake of UAE’s unexpected withdrawal from OPEC
28 April 2026
UAE to withdraw from OPEC, OPEC+
- Withdrawn decision in line with UAE's long-term strategic, economic vision and development of its energy sector
28 April 2026
European Central Bank more likely to raise rates amid deepening energy risks
Persistent, high energy prices may prompt ECB to hike rates once or twice this year, experts say
28 April 2026
Bank of Japan keeps policy rate constant
Japanese central bank increases inflation forecast due to higher energy prices
28 April 2026
Low-cost carriers seek $2.5B from Washington as jet fuel prices surge: Report
Budget airlines seek to offset increase in jet fuel costs since start of US-Israeli attacks on Iran on Feb. 28
28 April 2026
US Treasury says servicing sanctioned Iranian airlines risks sanctions
Treasury Secretary Scott Bessent urges foreign governments to prevent firms in their jurisdictions from providing services to sanctioned Iranian aircraft
28 April 2026
US tariff changes could add $1.1T to deficits over decade: Budget office
Higher energy prices linked to war in Iran offsetting economic boost from tax cuts enacted in 2025, says CBO chief Phillip Swagel
28 April 2026
US stocks end mostly higher as S&P 500, Nasdaq hit fresh records
Dow loses 0.13% on rising oil prices, uncertainty over stalled US-Iran diplomacy
28 April 2026
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