Following two consecutive sessions of sharp gains, crude oil has catapulted on Wednesday as an end to the Middle East war still remains elusive, keeping the blockade on the Strait of Hormuz active.
Extending losses from the two previous sessions, gold prices have declined sharply on Wednesday as Iran struggles to reach a deal with the U.S. while the Strait of Hormuz remains blocked for oil transit.
The U.S. Central Command said that more than 20 vessels remain in the Iranian port of Chah Bahar under the U.S. blockade on Iran. "Prior to the U.S. blockade on Iran, 5 ships were moored or anchored in the Iranian port of Chah Bahar on an average day. Today, more than 20 vessels remain in Chah Bahar as U.S. forces cut off economic trade going into and coming out of Iran during the ongoing blockad
Asian stock markets are trading mostly lower on Wednesday, following the broadly negative cues from Wall Street overnight, dragged by weakness in technology stocks amid concerns around growth expectations in the AI segment. The ongoing stalemate in the Middle East conflict between the U.S. and Iran is weighing on market segment. Asian markets closed mostly lower on Tuesday.
The U.S. Dollar value ticked higher as focus of investors shifts to the revised plan Iran is preparing to send to the U.S. in an effort to end the two-month-long gulf war after reports indicated that the U.S. rejected Iran's earlier proposal.
Canadian stocks extended the losses from yesterday's session and pulled back on Tuesday as the U.S.-Iran stalemate continues. In addition, lingering concerns about the huge investments made in AI weighed on tech stocks in the U.S. as well as in Canada.
After ending yesterday's choppy session narrowly mixed, stocks moved mostly lower during trading on Tuesday. The major averages all moved to the downside on the day, with the tech-heavy Nasdaq showing a notable slump. The major averages ended the day off their lows of the session but still in negative territory.
Extending the gains from yesterday, crude oil has soared on Tuesday to reach triple digits earlier amid the ongoing U.S.-Iran stalemate. However, crude oil gave back ground later following reports of Iran readying a revised peace plan but managed to remain sharply higher.
Extending the losses from yesterday's session, gold prices have tumbled on Tuesday after the U.S. administration's reluctance to accept Iran's peace plan diminished the expectations of a solution to the gulf crisis. While Iran is working on revising its proposal, the Strait of Hormuz continues to remain blocked.
Following the lackluster performance seen in the previous session, stocks have moved mostly lower during trading on Tuesday. The tech-heavy Nasdaq has shown a notable move to the downside, pulling back off yesterday's record closing high.
After ending yesterday's choppy session narrowly mixed, stocks are likely to move to the downside in early trading on Tuesday. The major index futures are currently pointing to a lower open for the markets, with the S&P 500 futures down by 0.7 percent. Technology stocks are likely to lead the way...
Rising oil prices linked to the Middle East crisis are driving up the cost of plastics, with impacts spreading across global supply chains. According to UN trade and development body, UNCTAD, the price of key materials such as polyethylene has surged sharply in recent weeks, reflecting the steep rise in crude oil prices. When oil prices surge, the impact goes far beyond fuel. It runs through glo
The U.S. Dollar value changed a little on Monday after Iran offered a draft proposal to the U.S. regarding an arrangement for reopening the Strait of Hormuz following the U.S. cancellation of peace talks with Iran, last Saturday.
Canadian stocks edged lower on Monday amid rising oil supply concerns after the U.S. cancelled peace talks with Iran, leaving the Strait of Hormuz to remain shut.
Following the strength seen during last Friday's sessions, stocks turned in a relatively lackluster performance during trading on Monday. The major averages spent the day bouncing back and forth across the unchanged line before eventually closing narrowly mixed. While the Nasdaq rose 50.50 points...
May 01, 2026 15:54 ET Central banks dominated the economics news flow this week with almost all major ones announcing their latest policy decisions and many boosted expectations for a rate hike in June. In other news, several countries released the preliminary data for first quarter economic growth. In the U.S., comments by Fed Chair Jerome Powell were also in focus as his term ends this month.