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(Bloomberg) — Emerging-market currencies pared an earlier drop as the dollar and oil trimmed gains amid expectations the world’s largest economies may release emergency oil stockpiles to soften the impact of the US war against Iran. Read More
(Bloomberg) — The Group of Seven nations is “not there yet” in terms of organizing a global release of emergency oil inventories in response to the Iran war, according to France, which holds the current presidency. Read More
(Bloomberg) — US stocks are poised to extend a selloff after the biggest weekly drop since October, as the prospect of a prolonged war in Iran sent energy prices soaring and stoked fears over inflation. Read More
(Bloomberg) — A ship hauling a million barrels of Saudi crude sailed through the Strait of Hormuz in recent days, one of the first big tankers to leave the Persian Gulf since traffic through the chokepoint all but halted. Read More
(Bloomberg) — Pakistan’s government plans to implement fuel-saving measures after oil surged above $100 and gas output from the Middle East was disrupted, triggering panic buying in the import-reliant South Asian nation. Read More
