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Oil Executives Warn of Economic Damage as US Downplays Iran War

Key Points: Top oil executives at the CERAWeek conference expressed deep concern over the long-term economic damage caused by the US-Israel war with Iran. US Energy Secretary Chris Wright downplayed the crisis, claiming that oil prices have not yet risen high enough to hurt consumer demand significantly. The ongoing conflict effectively closed the Strait of...

US Dollar Rebounds as Middle East Conflict Erases Rate Cut Hopes

Key Points: The US dollar rose as escalating threats in the Middle East boosted demand for safe assets. President Trump threatened to attack Iran's power grid, prompting vows of retaliation against neighboring countries. Investors no longer expect the Federal Reserve to cut interest rates twice this year. Global central banks are turning hawkish amid fears...

Oil Prices Expected to Spike as Trump Issues 48-Hour Warning to Iran

Key Points: President Donald Trump threatened to obliterate Iranian power plants if the Strait of Hormuz remains closed. Iran promised to attack US-linked energy and water facilities across the Gulf in retaliation. Brent crude oil closed at $112.19 a barrel on Friday, reaching its highest level since July 2022. The ongoing war has already blocked...