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‘There are no winners’: US and Iran enter into fragile truce
Fragile truce does not bring permanent end to war between foes burdened by decades of distrust
Market Relief After US-Iran Ceasefire Before Trump Deadline | The Opening Trade 4/8/2026
Stocks surged and oil dropped below $100 after the US and Iran agreed to a two-week ceasefire in exchange for Tehran reopening the Strait of Hormuz. The deal buys time for the two sides to potentially reach a longer agreement to end the six-week conflict, which has killed thousands of people and sparked a global energy crisis. The Opening Trade has everything you need to know as markets open across Europe. With analysis you won't find anywhere else, we break down the biggest stories of the day...
China Trumpets ‘Own Efforts’ in Pushing For US-Iran Ceasefire
A Chinese diplomat said Beijing had made its “own efforts” in pushing for a ceasefire between the US and Iran, shortly after Donald Trump credited China with playing a pivotal role in that deal.
Iran Ceasefire Deal Sends Wave of Relief Through Markets
Markets breathed a sigh of relief after the US-Iran ceasefire sent oil plunging. Ruth Carson explains. (Source: Bloomberg)
How small businesses are boosting the UAE’s kindness economy
Dubai: In the UAE, a new kind of economy is flourishing, one powered not just by money, but by generosity. Small businesses have been turning their success into support for local communities, who have been both their customers and partners in giving. What started as simple forms of assistance have grown into an outspread movement, proving that no act of kindness is too small to leave an impact on people’s lives.Get updated faster and for FREE: Download the Gulf News app now - simply click...
White House Economists Says Stablecoin Rewards Won’t Harm Banks
Banning crypto firms from offering customers yield on stablecoins would not have a meaningful effect on community banks, White House economists said in a report on Wednesday — marking the latest development in a fierce conflict between the two industries that has stalled legislation in Congress.
Armageddon is off . . . for now
Both the US and Iran can claim victory of a sort but many questions remain unresolved
Japan Taps Smaller Ships to Get US Oil Faster on Supply Concerns
Some Japanese refiners are seeking to speed up deliveries of US crude following disruptions caused by the Iran war, opting for smaller ships that can transit the Panama Canal rather than sail around Africa.
Energy markets may take months to normalize — Russia’s envoy
"Energy markets will take months to normalize even if the Strait of Hormuz remains open," Kirill Dmitriev wrote
European bonds surge as traders trim bets on interest rate rises
Government debt in UK and Eurozone on course for strongest day since 2023
Myanmar’s food security in crisis as fuel, fertiliser shortages threaten fragile economy
Myanmar’s weak economy is being brutally exposed to the fuel crisis, with farmers unable to fill up tractors to work their fields and a fertiliser shortage caused by the throttling of the Strait of Hormuz threatening food security just as the planting season begins. Battered by civil war and runaway inflation, and with a quarter of its population already lacking sufficient food, Myanmar is poorly positioned to absorb the oil shock and its cascading effects on an economy that is among the most...
Simkus Says Situation Is Moving Toward ECB’s Adverse Scenario
The Iran war is pushing the euro-area economy closer to the European Central Bank’s adverse scenario, Governing Council member Gediminas Simkus said.
Malaysia Importers Use Ceasefire Window to Buy Dollar, Citi Says
Some Malaysian importers snapped up dollars on Wednesday, capitalizing on the greenback’s retreat, according to Citigroup Inc.
Turkey buys additional fertilizers from Russia amid supply disruptions — Milliyet
According to the report, the closure of the Strait of Hormuz has disrupted global fertilizer supply chains and reduced sales by nearly 40%
Why oil prices are expected to stay high even after temporary Iran-US ceasefire
Dubai: Oil markets are signalling that prices will remain elevated despite a sharp pullback recorded on Wednesday, as a temporary ceasefire between the U.S. and Iran eases immediate fears but leaves deeper supply risks unresolved.Get updated faster and for FREE: Download the Gulf News app now - simply click here.West Texas Intermediate traded down 16.6%, while Brent Crude fell 15.9% and Murban crude dropped 18.9%. The decline follows Donald Trump announcing a two-week ceasefire and a pledge to...
Shares of Russian oil companies down on Moscow Exchange amid decline in oil prices
Meanwhile, the price of futures contracts of Brent crude oil for June 2026 delivery was down by 14.19% on London
UK Builders Hit by Record Pickup in Cost Inflation, PMI Shows
British builders suffered the sharpest acceleration in cost pressures in at least three decades in March as the war in Iran drove up prices for fuel and raw materials.
Gas price in Europe loses 18% amid news of ceasefire between US, Iran
The price of May futures contracts at the TTF hub in the Netherlands has fallen to around $518 per 1,000 cubic meters
Oil prices may range between $60 and $150 amid US-Iran truce — expert
Alexander Frolov emphasized the speculative nature of current market movements, noting that price trajectories will be closely tied to the news flow
Iran’s revenue from shipping through Strait of Hormuz could top $64 bln — TV
According to Iran’s state broadcaster, 32,000 vessels passed through the strait last year