'You're Right to Worry About Bills,' PM Tells UK as Oil Price Tops $110 in Trump War

Tagesschau

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The rapid rise in oil prices is sending down Asia's stock markets today. Experts fear a global recession due to the war in the Middle East. Also, the DAX is likely to lose significantly at the start of trade.

Frankfurter Allgemeine

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The price of crude oil has been rising over $100 per barrel for the first time since 2022 and is causing high losses to the stock markets in the Far East. According to a media report, the G7 industrial countries are thinking about releasing their oil emergency reserves.

watson.ch/

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The U.S. and Israel continue to bomb Iran while it sends down its drones in the region.

manager magazin

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Tankers are at sea and oil and gas facilities are burning on land – the Gulf War is shaking the financial markets. The situation on the oil market escalated over the weekend – experts fear even worse.

BX1

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The historic surge in oil prices on Monday above $100 a barrel on the tenth day of the Middle East war caused stock markets to plunge and rekindle fears of a global inflationary shock. Around 08:25 GMT (09:25, Brussels time), the Brent barrel of the North Sea, the benchmark of the world market, climbed from 16.18% to 107.69 dollars, shortly after blazing by more than 28%. The barrel of WTI, the benchmark of the American market, flew by 14.02%, t…