Global trade is changing, pushing countries to find a reliable alternative to the dollar for international transactions. In light of geopolitical tensions, the Brics nations—Brazil, Russia, India, China, and South Africa—are considering a shared currency backed by gold and their currencies. This gold-backed digital currency could lower transaction costs and lessen exchange rate volatility, potentially ...
The idea of countries holding bitcoin as a reserve currency is gaining traction, with reports indicating that 13 nations are already doing so. Russia is pushing for its central bank to consider bitcoin, while countries in the Gulf Cooperation Council are exploring similar options. Bitcoin’s decentralized nature makes it appealing as a hedge against inflation ...
Oil prices surged today following reports suggesting that Iran may be planning to launch an attack on Israel from Iraqi territory in the coming days. This news has refocused market attention on the potential for escalating conflicts in the Middle East.
Oil prices stabilized today after two days of decline, as hopes grow for a reduction in hostilities in the Middle East. The market is now focusing on global supply balances and the production outlook from OPEC+.
China has filed a diplomatic complaint with the US following the latest American arms sales to Taiwan. The Chinese government claims this move escalates tensions in their ongoing dispute over the region and has reserved the right to retaliate.
In a surprising move early Saturday, Israel launched an assault on Iran, focusing on missile and air defense sites. This action, coordinated with Washington, was more restrained than anticipated. Analysts suggest this approach may aid diplomatic efforts to secure the return of hostages and reduce combat in both Lebanon and Gaza.
Oil prices steadied today after a two-day decline, as traders remained focused on geopolitical tensions in the Middle East and the overall supply outlook. Concerns over potential disruptions in oil supply are keeping market participants on alert.
The escalating tensions between Iran and Israel have sent shockwaves through global oil markets, with the possibility of an Iranian attack on Israeli soil looming within the next 24 to 48 hours. This potential conflict has already caused a significant surge in oil prices, with both West Texas Intermediate (WTI) and Brent crude oil prices ...
In response to the escalating conflict in the Middle East, Qantas Airways has temporarily rerouted its Perth-London flights to avoid Iranian airspace. The airline’s decision to alter flight paths comes amidst rising tensions between the US and Iran, with expectations growing of an attack by Iran on Israel. The Sydney-based airline’s other flights to and ...
