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Oil prices surged, and global equities retreated on Monday as the Middle East crisis entered a volatile new phase. Yemen’s Houthi rebels have formally entered the conflict, launching a barrage of cruise missiles and drones at strategic sites in Israel. This escalation, now in its fifth week, has stoked fears of a multi-front war involving…
The assassination of Iran’s Supreme Leader has plunged global markets into a “prolonged period of flux,” the head of the IMF warned on Thursday. Kristalina Georgieva told the “Asia in 2050” conference in Bangkok that the escalating conflict between Iran, Israel, and the United States is a severe test of global economic resilience. Brent crude…
Global energy markets witnessed a dramatic convulsion yesterday as crude oil prices surged to new heights. Nigeria’s premium grade, Bonny Light, soared to $78 per barrel following intensified rhetoric from Washington. This price level represents the highest peak for the national crude grade since last August. Concurrently, the international benchmark, Brent crude, rallied by nearly…
