Iran seized a tanker carrying its crude oil, alleging the vessel threatened national oil exports and interests. Iranian military commandos seized an oil tanker in the Gulf of Oman, accusing it of attempting to disrupt Iranian oil exports. The vessel, reportedly carrying Ir
Warsteiner owner Haus Cramer Group could shut two breweries due to “structural” shifts in Germany’s beer market. In a statement yesterday (7 May), the brewer of Warsteiner pilsner said the potential closure of two breweries in North Rhine-Westphalia followed an “intensive
Shares of MP Materials jump nearly 10% after reporting an unexpected Q1 profit and 49% revenue growth amid rising rare earth prices. MP Materials (MP) shares climbed 9.6% in early trading Friday after the company posted an unexpected Q1 profit and a 49% year-over-year reve
WTI crude falls nearly 3% to $91.90 after reports of US military action near a key oil chokepoint raise supply disruption fears. The US military conducted airstrikes on empty tankers near the Strait of Hormuz, escalating regional tensions. Iranian media also reported an ex
Military action near the Strait of Hormuz pushes WTI crude up 39 cents as tensions escalate amid stalled negotiations. The US military conducted airstrikes on empty Iranian Very Large Crude Carriers attempting to bypass a blockade, according to reports. The strikes targete
The UAE's departure from OPEC coincides with escalating military activity in the Strait of Hormuz involving US and Iranian forces. The United Arab Emirates has left OPEC as geopolitical tensions in the Gulf region intensify. Recent clashes in the Strait of Hormuz saw Irani
Beijing’s pre-built trade corridors mitigate supply chain risks amid Middle East tensions, boosting its strategic position in global trade. China’s trade resilience is strengthening as the Iran crisis disrupts Gulf shipping lanes, according to recent assessments. While ene
30-year fixed mortgage rates fell 8 basis points to 6.18% amid geopolitical volatility in the Middle East. Mortgage rates declined across key loan types on May 8, 2026, as markets reacted to escalating geopolitical risks. The 30-year fixed rate dropped 8 basis points to 6.
Brent: Geopolitics keep prices elevated – Deutsche Bank Deutsche Bank strategists note Brent Oil has rebounded above $100/bbl as markets reassess risks around the US-Iran ceasefire. Brent briefly dipped to $96/bbl but closed just over $100/bbl and is quoted near $101.64/bb
London (UKX) -0.72% to 10,203. The pound climbed toward $1.36, close to an over two-month high, as investors assessed the fallout from UK local and devolved government elections Germany (DAX:IND) -0.93% to 24,437. Germany's trade surplus narrows in London (UKX) -0.7