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IEA Executive Director Birol warns: Energy is becoming a geopolitical weapon, Europe faces rising natural gas prices this winter.
International Energy Agency (IEA) Executive Director Fatih Birol told Al Jazeera that Europe faces the risk of rising natural gas prices this winter and criticized governments for failing to diversify energy supplies. Birol also stated that if the ceasefire agreement between the United States and Iran does not hold, he sees "no credible path" back to the situation "before the war began."
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24H Trending
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Asian markets broadly fell: The Hang Seng Index dropped 3.03% to a four-month low, and the Hang Seng Tech Index fell 5%; Brent crude rose 3.2% to $112.27, due to AI concerns and heightened tensions in the Strait of Hormuz.
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Middle East Tensions Escalate: Houthis Claim Multiple Attacks on Saudi Arabia, Brent Oil Surpasses $112, Iran Claims to Have Struck Oil Tanker in Strait of Hormuz
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AI Companies and French Sovereign Debt Face Stress Test: CoreWeave CDS Spreads Exceed 1,000 Basis Points, France's 10-Year Government Bond Yield Breaks 5% for the First Time Since 2002, Moody's to Review France's Rating
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Crypto traders value Indian telecom company Reliance Jio's IPO at approximately $110 billion.
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Tesla and NVIDIA Invest KRW 3.7 Trillion in Samsung Electro-Mechanics, Securing AI Chip Substrate Production Capacity
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The 10-year U.S. Treasury yield fell by approximately 11 basis points from its previous close, now at 5.04%.
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The 30-year U.S. Treasury yield is down approximately 9 basis points from its previous close, currently at 5.35%.
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Arbitrage trades in European government bonds have triggered successive liquidations, leading to nearly a hundred London traders exiting the market, with the French 10-year government bond yield surpassing 5%.
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Houthis claim Saudi Arabia targeted an Indian boat in Red Sea, rescued 14 Indian nationals
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An Israeli court ordered the release of nine settlers suspected of attacking journalists and diplomats in the West Bank, as UN Secretary-General Guterres described the situation there as "out of control."
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