Oil prices could rise well above $130 per barrel if disruptions to shipping through the Strait of Hormuz continue, according to Morgan Stanley strategist Martijn Rats, who warned that significantly higher prices may be needed to curb global demand. The warning comes as markets grapple with a major supply shock …

U.S. stock index futures dropped sharply on Monday as escalating conflict in the Middle East pushed oil prices well above $100 a barrel, raising fears that higher energy costs could weigh heavily on the U.S. economy. By 06:15 ET (10:15 GMT), Dow Jones Futures fell more than 540 points, or …

European stocks dropped sharply on Monday, hitting their lowest level in more than two months as surging oil prices and escalating conflict in the Middle East intensified fears of rising inflation and economic uncertainty. The pan-European benchmark index declined 2.34% to 585.08 points by 08:10 GMT, marking its third consecutive …

Gold prices declined on Monday but remained well above key levels as investors balanced safe-haven demand against a stronger U.S. dollar and surging oil prices following an escalation in the conflict between the United States, Israel, and Iran. By 02:40 ET (06:40 GMT), spot gold fell 1% to $5,117.82 per …

Oil prices surged dramatically on Monday, rising more than 25% to their highest levels since mid-2022 as escalating conflict between the United States, Israel, and Iran triggered fears of severe disruptions to global energy supplies. Energy markets were rattled by the intensifying war, particularly as the crisis is unfolding near …

U.S. stock index futures moved lower on Friday, extending recent losses as escalating tensions in the Middle East and sharply higher oil prices dampened investor sentiment ahead of a key U.S. jobs report. By 05:35 ET (10:35 GMT), Dow Jones Futures declined 105 points, or 0.2%, while S&P 500 Futures …

Bitcoin declined in Asian trading on Friday but remained above the key $70,000 level, as investors stayed cautious amid escalating tensions in the Middle East and a surge in oil prices that is complicating the outlook for global inflation and interest rates. The world’s largest cryptocurrency was down 3.1% at …

The U.S. dollar edged lower on Friday but remained on track for solid weekly gains as escalating conflict in the Middle East boosted demand for safe-haven assets. By 04:10 ET (09:10 GMT), the U.S. Dollar Index, which measures the greenback against a basket of six major currencies, slipped 0.2% to …

Gold prices edged higher in Asian trading on Friday, but the precious metal remained on track for a weekly decline as a stronger U.S. dollar and rising Treasury yields offset safe-haven demand driven by escalating tensions in the Middle East. By 01:29 ET (06:29 GMT), spot gold rose 0.8% to …

Oil prices traded near flat in Asian trading on Friday after a sharp rally earlier in the week, with markets still on track for substantial weekly gains as escalating tensions in the Middle East stoked fears of global supply disruptions. By 01:49 ET (06:49 GMT), Brent crude futures for May …