Oil prices fell on Wednesday after reports that the U.S. had given Iran a plan to end the war, pushing stocks higher. Can investors finally breathe a sigh of relief? Not so fast, says Morgan Stanley. In a client note, analysts said that even a reopening of the critical Strait of Hormuz, which Iran has…
Riders refuel their motorbikes at a gas station in Hongdae district in Seoul, South Korea, on Saturday, July 2, 2022. Bloomberg | Bloomberg | Getty Images South Korea stepped up its emergency economic planning on Wednesday as Prime Minister Kim Min-seok warned the government must prepare for “worst-case scenarios” from a Middle East conflict that…
Vanessa Nunes | Istock | Getty Images Federal Reserve Chair Jerome Powell last week pushed back when asked whether stagflation posed a threat to the U.S. economy. His successor may face a tougher challenge, as Wall Street forecasters raise their expectations of recession, brought on in part by the Iran war and potential for higher…
Workers check vehicle frames on the production line for electric vehicle maker Zeekr at its factory on May 29, 2025 in Ningbo, China. Kevin Frayer | Getty Images News | Getty Images The fallout from the Iran war is likely to expedite the shift away from fossil fuels and make countries think differently about the…
An Iranian security worker monitors an area in phase 19 of the South Pars gas field in Assalooyeh, on Iran’s Persian Gulf coast, on Aug. 23, 2016. Morteza Nikoubazl | Nurphoto | Getty Images Oil prices fell more than 5% Wednesday after U.S. President Donald Trump said that Washington and Tehran are “in negotiations right…
SEOUL, SOUTH KOREA – MARCH 05: A currency dealer works in front of an electronic screen showing South Korea’s benchmark stock index (KOSPI) in a foreign exchange dealing room at the Hana Bank headquarters on March 05, 2026 in Seoul, South Korea. The latest flare-up in the Iran conflict has hammered export‑reliant markets in South…
President Donald Trump speaks during a ceremony for newly sworn in Secretary of the Department of Homeland Security Markwayne Mullin in the Oval Office at the White House in Washington, March 24, 2026. Chip Somodevilla | Getty Images President Donald Trump said Tuesday the U.S. and Iran are “in negotiations right now” and suggested Tehran…
Sheikh Nawaf Al-Sabah, chief executive officer of Kuwait Petroleum Corp., speaks during the CERAWeek by S&P Global conference in Houston, Texas, US, on Tuesday, March 11, 2025. F. Carter Smith | Bloomberg | Getty Images HOUSTON — Kuwait on Tuesday said Iran’s closure of the Strait of Hormuz amounts to an economic blockade of Gulf…
A bull statue and a bear statue stand outside the Frankfurt Stock Exchange on April 7, 2025 in Frankfurt, Germany. Florian Wiegand | Getty Images News | Getty Images Shares listed in Europe struggled to find direction on Tuesday, as uncertainty around a resolution to the Iran war weighed on sentiment. Shortly after the opening…
Mount Fuji and the Shinjuku skyline in Tokyo, Japan, on Friday, Feb. 14, 2025. Photographer: Kiyoshi Ota/Bloomberg via Getty Images Bloomberg | Bloomberg | Getty Images Asia-Pacific markets pared gains Tuesday as oil prices rebounded, underscoring lingering uncertainty over the Middle East conflict. Brent crude futures for May rose over 3.5% to $103.7 per barrel…
