Bloomberg Markets
US President Donald Trump said renewed attacks on Iran would likely be short-lived, reiterating his claim Washington controls the Strait of Hormuz after fresh fighting spiked energy prices and rekindled fears of an open-ended war. It comes as US retail diesel prices hit the highest since mid-2022.
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Bloomberg Markets
Lloyd’s of London sees losses “arising from Middle East conflict” amounting to about £1.4 billion ($1.9 billion), the insurance marketplace’s first estimate of the US-Iran war’s impact.
Yahoo Finance
Bloomberg Markets
Weak fuel buffers leave the region ill-prepared for higher consumption.
Yahoo Finance