By Laura He, CNN Hong Kong (CNN) — Oil prices jumped on Friday while Asian markets tumbled, with global investors worrying about an escalation in conflict in the Middle East after explosions were reported near the Iranian city of Isfahan. US crude futures rose 2.1% to trade at $84.5 per barrel during Asian morning trading
The move comes after the firm reported a sharp fall in deliveries in the first three months of 2024.
Oil prices could rise to $102 per barrel if a major conflict in the Middle East breaks out involving one or more oil producers, according to the World Bank.
Increase in cost of crude could drive inflation up and force central banks to keep interest rates high• Business live – latest updatesA serious escalation of tensions in the Middle East would push the price of oil above $100 (£80) a barrel and reverse the recent downward trend in global inflation, the World Bank has said.The Washington-based institution said the recent fall in commodity prices had been levelling off even before the recent missile strikes by Iran and Israel – making interest rate...
Iran’s President Ebrahim Raisi will visit Pakistan as scheduled next week despite increasing tension in the Middle East in the wake of Tehran’s aerial attack on Israel, Pakistan’s foreign minister said Thursday.
Geopolitical risk is the biggest threat to a prospective June rate cut from the European Central Bank, according to ECB policymaker Robert Holzmann.
BEIJING/FRANKFURT (Reuters) -Tesla has cut prices in a number of its major markets, including China and Germany, following price cuts in the United States, as it grapples with falling sales and an intensifying price war for electric vehicles (EVs), especially against Chinese EVs. The price cuts come after Tesla, led by its billionaire CEO Elon Musk, reported this month that its global vehicle deliveries in the first quarter fell for the first time in nearly four years. "Tesla prices must...
If you’re in the market for an electric vehicle buying a Tesla will now be a little less expensive.
Several Tesla cars are seeing a huge price drop just a week after Cybertrucks were physically recalled by the Elon-lead company
Equities in Europe traded lower in the premarket on Friday as investors assessed the effects of Israel's reported retaliatory drone attack on Iran. They also anticipated the newest reports on Germany'
By MATTHEW LEE AP Diplomatic Writer RIYADH, Saudi Arabia (AP) — U.S. Secretary of State Antony Blinken on Monday begins his seventh diplomatic mission to the Middle East since the Israel-Hamas war began more than six months ago. He has his work cut out for him. The war has ground on since Hamas’ deadly Oct.
RIYADH, Saudi Arabia (AP) — U.S. Secretary of State Antony Blinken on Monday begins his seventh diplomatic mission to the Middle East since the Israel-Hamas war began more than six months ago. He has his work cut out for him. The war has ground on since Hamas' deadly Oct. 7 attacks on Israel with little []