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Quirino Mealha

Markets

Oil steadies as IEA and G7 move to release record reserves

Oil is trading flat in expectation that the International Energy Agency could trigger the largest-ever release of oil reserves, exceeding the 182 million barrels in 2022 after Russia’s invasion of Ukraine. The G7 will also meet on Wednesday to discuss using the reserves.

Economy

Iran war shocks continue to ripple through the global economy

The Iran war is driving up energy and fertiliser prices, threatening food shortages in poor countries, destabilising fragile states and complicating inflation control at central banks worldwide.

Markets

G7 yet to approve emergency oil release as Iran war drives prices up

After oil prices jumped above $100 a barrel overnight, finance ministers from the G7 countries held a conference call on Monday but did not agree on releasing oil stockpiles to stabilise the market.

Europe Today

‘We are being tested,’ Eurogroup president says as oil surpasses $100

In an interview with Euronews' flagship show Europe Today, the president of the Eurogroup, Kyriakos Pierrakakis, stated that the EU is being tested and ministers are quite concerned about the events unfolding as oil currently sits above $100 and the Iran war continues to disrupt energy markets.

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Economy

Which EU countries are most exposed to the LNG supply disruption?

Iranian attacks have led to the suspension of Qatari LNG production and major shipping disruptions through the Strait of Hormuz. Which EU countries could be the most affected?

Economy

US offers India 30-day waiver to buy stranded Russian oil

The United States has issued a temporary 30-day waiver allowing Indian refiners to purchase Russian crude oil currently stranded at sea, as disruptions from the Iran conflict threaten global energy supplies.

Markets

Crypto's 24/7 platforms dominated Iran war trading when markets closed

Over the weekend, as US and Israeli strikes on Iran unfolded, decentralised crypto exchanges operating around the clock became the primary venue for real-time price discovery in oil, gold and other assets.

Markets

South Korean stocks suffer worst day on record amid Iran war shocks

Asian markets suffered heavy losses on Wednesday, with South Korea’s main index (Kospi) plunging more than 12%, recording its worst single-day decline in history as the widening conflict in Iran continues to disrupt global markets.

Economy

US could owe €110bn in tariff refunds after court rejects Trump delay

After the US federal appeals court rejected Trump’s attempt to postpone proceedings on refunds for tariffs, the CIT must now establish a framework for what could become the largest tariff refund operation in US history.

Markets

The market winners: Which stocks are 'boosted' by the Iran war so far?

As US and Israeli jets struck targets in Iran and Lebanon over the last few days and Iranian missiles hit Israel and Gulf states, the death toll has climbed into the hundreds. Yet on trading floors from New York to London, a handful of companies have notched sharp gains.

Economy

Another oil tanker hit by drone boat as Strait of Hormuz tensions rise

An oil tanker has been struck near the Strait of Hormuz, marking another attack in the area that triggered an explosion and left one crew member dead.

Markets

European stocks dip as Gulf exchanges stay shut following Iran strikes

European markets opened in deep negative territory as crude oil prices rose in early trading, alongside gold and other precious metals. US futures are also down as global markets react to the Iran conflict.

Economy

First oil tanker attacked in the Strait of Hormuz according to Oman

An oil tanker was attacked off the coast of Musandam in the Strait of Hormuz. Four people were injured and all 20 crew members were evacuated, according to Oman's Maritime Security Centre.

Business

Jack Dorsey's Block cuts 50% of jobs as it embraces AI and shares jump

Block CEO Jack Dorsey has announced a radical restructuring that will see nearly half of the company’s workforce made redundant. Shares surged by 23.5% in after-hours trading.

27 February 2026

Economy

US and China trade strains fail to derail European development outlook

The European Bank for Reconstruction and Development (EBRD) anticipates a growth acceleration across its operational regions, driven by supply chain agility providing resilience in the face of trade tensions.

26 February 2026

Markets

European markets hit record highs amid easing tariff fears

European stock markets opened firmly in the green on Wednesday with major indices touching record intraday highs.

25 February 2026

Economy

‘Greatest economy ever’? The numbers behind Trump’s boasting

President Trump touted the “greatest economy ever” in his State of the Union address on Tuesday as he tried to strike the right tone on affordability. Yet, the data paints a more complicated picture.

24 February 2026

Economy

Four years on: The staggering economic toll of Russia's war in Ukraine

As Ukraine marks four grim years since the onset of Russia's full-scale invasion on 24 February 2022, the conflict has morphed into an exhausting war of financial endurance.

24 February 2026

Business

NYC’s 'ghost' skyscrapers where the ultra-rich park their wealth

Billionaires’ Row, a cluster of luxury residential skyscrapers near the southern end of Central Park in New York City, is seemingly abandoned, according to estimates from established real estate firms.

23 February 2026

Economy

Lagarde under fire over ‘additional’ BIS salary in breach of ECB rules

The ECB President is facing backlash after disclosing she earns over €140,000 a year as a board member for the Bank for International Settlements (BIS). ECB policy bans regular staff from accepting third-party payments.

23 February 2026

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