BIZARRE: 24 - You Need To See This

IEA Warns Of Oil Demand Decline As Strait Of Hormuz Crisis Reshapes Global Outlook

The IEA says escalating tensions in the Middle East and restricted flows through the Strait of Hormuz are weighing heavily on global consumption forecasts.

International Business Times · Apr 14

BP’s new boss to overhaul structure after retreat from green strategy

Meg O’Neill to return to upstream and downstream divisions after shift away from low carbon push

The Guardian - UK · Apr 14

BP sees ‘exceptional’ oil trading result as Iran war sends crude costs soaring

Oil prices have surged higher since the US-Israel war on Iran started and are now more than 60% up so far this year.

The Independent UK · Apr 14

ASX has best week since 2022 despite ceasefire strain

Hopes oil might resume flowing through a key shipping route have buoyed investor sentiment, but relations remained strained ahead of key US-Iran talks.

AAP · Apr 10

Dow Swings Higher to Add 275 Points: Stock Market Today

Stocks opened lower Thursday on stale inflation data, but finished with notable gains as the U.S.-Iran ceasefire held for a second day.

Kiplinger · Apr 9

Oil Prices Spike Amid Ceasefire Hopes And Strait Of Hormuz Bottlenecks

Prices had earlier dipped below $95 following initial optimism about the ceasefire before rebounding as doubts emerged over the durability of the agreement.

International Business Times · Apr 9

Oil prices could take a year to return to pre-Iran levels even if ceasefire holds, Australian experts warn

Analysts say uncertain stability of truce and major damage to infrastructure among many issues that will keep prices high for foreseeable future

The Guardian - AU · Apr 9

Global Tension and Market Jitters: When to Tune Out the News Cycle and Tune in to Your Strategy, From a Financial Pro

The market's long-term performance is primarily driven by corporate earnings and economic growth. So when global tension rises, sticking to your strategy is key.

Kiplinger · Apr 9

Aussie shares shaky as ceasefire hangs in the balance

Hopes around a delicate truce between the US and Iran have come under pressure less than a day after the agreement was struck, weighing on market confidence.

AAP · Apr 9

Dow Climbs 1,325 Points in Relief Rally: Stock Market Today

The U.S. and Iran have agreed to a two-week ceasefire, which sent stocks soaring and oil prices plummeting.

Kiplinger · Apr 8