The global oil market is “in for a shock” as the Middle East conflict will likely extend for a prolonged period with Iran leveraging control of the Strait of Hormuz, said Randa Fahmy, a former US associate deputy energy secretary. The conflict’s expansion to include Iran-backed Houthi militants in Yemen is “incredibly concerning” and presents additional risks to global energy supplies, she said, p...
The global oil market is “in for a shock” as the Middle East conflict will likely extend for a prolonged period with Iran leveraging control of the Strait of Hormuz, said Randa Fahmy, a former US associate deputy energy secretary. The conflict’s expansion to include Iran-backed Houthi militants in Yemen is “incredibly concerning” and presents additional risks to global energy supplies, she said, particularly through their potential control of the Bab el-Mandeb Strait, another critical choke point for energy flows. “If they close Bab el-Mandeb, then we’re going to have a problem, a major problem with supplies,” Fahmy said in an interview with Bloomberg TV. “We might be in for the long run.” Maritime shipping routes face significant disruption as vessel owners may avoid the area entirely, further straining global supply chains. “It’s almost impossible for the shipowners and the maritime industry to redraw these maps,” Fahmy said. “They cannot all of a sudden change course.” Read more: Oil Gains as Iran War Escalates With Houthi Attacks on Israel This story was produced with the assistance of Bloomberg Automation.
Israel’s central bank is set to hold interest rates steady for a second consecutive time as the US-Israeli attacks on Iran keep fueling global and domestic inflation concerns. The Bank of Israel will probably keep its base rate at 4% on Monday, according to all of the economists that participated in a Bloomberg survey. The BOI will simultaneously release updated macro economic projections for the ...
Israel’s central bank is set to hold interest rates steady for a second consecutive time as the US-Israeli attacks on Iran keep fueling global and domestic inflation concerns. The Bank of Israel will probably keep its base rate at 4% on Monday, according to all of the economists that participated in a Bloomberg survey. The BOI will simultaneously release updated macro economic projections for the first time since the conflict erupted on Feb. 28, followed by a press conference with Governor Amir Yaron at 4:15 pm local time. Israeli markets were volatile ahead of the rate decision, with the Tel Aviv Stock Exchange recording its largest declines in almost a year on Friday. The benchmark Tel Aviv-35 index fell 3.8%, wiping out all gains since the hostilities started. The US-Israeli war with Iran is in its second month after President Donald Trump extended a deadline to April 6 for Tehran to agree to reopen the Strait of Hormuz or have its power plants demolished, while amassing US troops in the region Over the weekend, Yemen-based Houthis joined Iran in launching missiles at Israel, opening a new front and raising fresh risks for the oil market. With the key transit route for oil exports — the Strait of Hormuz — effectively shut, Houthi participation raises the possibility that tankers transiting the southern Red Sea and the Bab El-Mandeb Strait could soon be targeted. Israel is also fighting Iran-backed Hezbollah in Lebanon and has amassed reserve forces on its northern border and elsewhere, stretching the domestic labor market in a way that could trigger additional inflation-inducing supply constraints. While a reliance on domestic natural gas production has countered some of the inflationary impact from surging oil prices, Israel-based analysts have begun to raise their price expectations. Bank Hapoalim , Israel’s second largest lender, raised its 12-month forecast to 2.2%, above the midpoint of the central bank’s 1% to 3% target range, due to a likely elevation of a...
AMD (NasdaqGS:AMD) and Samsung signed a new memorandum of understanding to supply next generation HBM4 memory for AMD Instinct AI GPUs. The agreement expands their existing partnership around advanced memory for AI data center hardware. The companies are also discussing potential foundry collaboration for future AMD products. For anyone tracking AI hardware, this move gives you another data point ...
AMD (NasdaqGS:AMD) and Samsung signed a new memorandum of understanding to supply next generation HBM4 memory for AMD Instinct AI GPUs. The agreement expands their existing partnership around advanced memory for AI data center hardware. The companies are also discussing potential foundry collaboration for future AMD products. For anyone tracking AI hardware, this move gives you another data point on how AMD is positioning itself in the accelerator race. The company already competes in GPUs,...
Alibaba Group Holding is preparing to source Huawei's new 950PR AI processor for its infrastructure as US restrictions on Nvidia hardware continue. The move signals a shift toward domestically produced AI chips for Alibaba's cloud and data center operations. This development highlights growing reliance on Chinese semiconductor supply chains for high performance computing. Alibaba Group Holding (NY...
Alibaba Group Holding is preparing to source Huawei's new 950PR AI processor for its infrastructure as US restrictions on Nvidia hardware continue. The move signals a shift toward domestically produced AI chips for Alibaba's cloud and data center operations. This development highlights growing reliance on Chinese semiconductor supply chains for high performance computing. Alibaba Group Holding (NYSE: BABA) is making this chip sourcing adjustment with its shares recently trading at $122.69...
Yemeni militant group is ally of Iran and has previously caused huge disruption to global trade through attacks on Red Sea shipping Middle East crisis – live updates The Houthis are a militant group that emerged from a years-long civil war in Yemen as the country’s most powerful political force, able to disrupt international trade thanks to their proximity to a key shipping corridor at the entranc...
Yemeni militant group is ally of Iran and has previously caused huge disruption to global trade through attacks on Red Sea shipping Middle East crisis – live updates The Houthis are a militant group that emerged from a years-long civil war in Yemen as the country’s most powerful political force, able to disrupt international trade thanks to their proximity to a key shipping corridor at the entrance of the Red Sea. The group, which has an estimated 20,000 fighters, represents the Zaidi branch of Shia Islam. The Houthis first began gaining mass support around the turn of the century from Shia Yemenis fed up with corruption and authoritarian leaders. Continue reading...
A rich roasted carrot dish and a flavour-bursting side to serve together for a luscious Easter celebration The intense sweetness that comes from roasting carrots should not be underestimated. And, when that’s topped with a savoury, nutty crumble, it’s a great combination. Add the wonderfully seasonal purple sprouting broccoli on the side, and it’s a luscious Easter celebration. A few low-waste tip...
A rich roasted carrot dish and a flavour-bursting side to serve together for a luscious Easter celebration The intense sweetness that comes from roasting carrots should not be underestimated. And, when that’s topped with a savoury, nutty crumble, it’s a great combination. Add the wonderfully seasonal purple sprouting broccoli on the side, and it’s a luscious Easter celebration. A few low-waste tips, too: always use the parsley stalks, and try pickling the shallots in leftover gherkin brine. Trust me! And it wouldn’t be a spring recipe without our beloved wild garlic , so make the most of that while it’s about. Continue reading...
Even after electoral disaster, Iran war gives many MPs pause for thought about timing of leadership contest A week after Labour’s election victory in July 2024, officials at Labour HQ held their first crisis meeting about the May 2026 local elections. The party had just secured a 174-seat majority and already strategists were predicting it would be very tough, though none were assuming the prime m...
Even after electoral disaster, Iran war gives many MPs pause for thought about timing of leadership contest A week after Labour’s election victory in July 2024, officials at Labour HQ held their first crisis meeting about the May 2026 local elections. The party had just secured a 174-seat majority and already strategists were predicting it would be very tough, though none were assuming the prime minister’s own position would be vulnerable. Continue reading...
Charity believes Middle East crisis may lead to even busier spring and summer in 2026 The number of people helped by RNLI lifeguards on the beaches of the UK and the Channel Islands doubled last year and the charity believes the Middle East crisis may lead to an even busier spring and summer in 2026. While RNLI lifeguards went to the aid of about 18,000 people in 2023 and 2024, this leapt to more ...
Charity believes Middle East crisis may lead to even busier spring and summer in 2026 The number of people helped by RNLI lifeguards on the beaches of the UK and the Channel Islands doubled last year and the charity believes the Middle East crisis may lead to an even busier spring and summer in 2026. While RNLI lifeguards went to the aid of about 18,000 people in 2023 and 2024, this leapt to more than 35,000 in 2025, the spike put down to a combination of good weather and an increased interest in seaside pursuits. Continue reading...
The first lunar mission since 1972 is about to lift off. It may not be as groundbreaking as the Apollo flights, but don’t write off the fascination the moon still exerts On 21 July 1969, Neil Armstrong swung open the hatch of his spacecraft and clambered down a short ladder towards the surface of the moon. The Apollo 11 moon mission came only 66 years after Orville Wright made the first successful...
The first lunar mission since 1972 is about to lift off. It may not be as groundbreaking as the Apollo flights, but don’t write off the fascination the moon still exerts On 21 July 1969, Neil Armstrong swung open the hatch of his spacecraft and clambered down a short ladder towards the surface of the moon. The Apollo 11 moon mission came only 66 years after Orville Wright made the first successful flight in an aeroplane. Armstrong captured a sense of that progression in the indelible first words he spoke on the lunar surface: “That’s one small step for man, one giant leap for mankind.” That was nearly 57 years ago. No human has visited the moon since the crew of Apollo 17 in 1972. Paul Owen is a Guardian journalist and author of the novel The Weighing of the Heart. He is working on a book about the moon landings Continue reading...
OSLO, Norway (30 March 2026) – TGS, a leading provider of energy data and intelligence, today announced a multi-year strategic agreement with Amazon Web Services (AWS). TGS has selected AWS as its preferred cloud provider, leveraging AWS high-performance computing (HPC) and Generative Artificial Intelligence (AI) to build solutions that will transform how the energy industry explores and extracts ...
OSLO, Norway (30 March 2026) – TGS, a leading provider of energy data and intelligence, today announced a multi-year strategic agreement with Amazon Web Services (AWS). TGS has selected AWS as its preferred cloud provider, leveraging AWS high-performance computing (HPC) and Generative Artificial Intelligence (AI) to build solutions that will transform how the energy industry explores and extracts resources. This collaboration is designed to create a foundational shift in geoscience, dramatically
Here's why the Indian rupee could continue to get weaker despite a push to curb speculation, according to Abbas Keshvani, Asia Macro Strategy Director at RBC Capital Markets and Bloomberg's Ruth Carson. (Source: Bloomberg)
Here's why the Indian rupee could continue to get weaker despite a push to curb speculation, according to Abbas Keshvani, Asia Macro Strategy Director at RBC Capital Markets and Bloomberg's Ruth Carson. (Source: Bloomberg)