The stock market is taking a breather on Wednesday, staying close to its peak levels. After a couple of days of big gains, investors are now wondering if the recent surge will continue. The S&P 500 is just a hair away from its all-time high, while the Dow Jones is down a bit, and the Nasdaq is up slightly. Oil prices have been all over the place this week. They drop...
The Middle East is heating up, and so are oil prices. The US has taken a big step by bombing Iran's nuclear sites. This move has raised the stakes, and everyone is wondering how Iran will react. The world is watching to see if Iran will hit back, maybe by targeting oil facilities or ships in the Strait of Hormuz. The Strait of Hormuz is a big deal. It's a narrow...
Oil is a big deal for Iran. It makes up over 40% of the country's exports. So, when Trump threatened to punish countries buying Iranian oil, it was a significant move. This threat came just after planned talks between the US and Iran were delayed. The talks, set to happen in Rome, were supposed to discuss Iran's nuclear program. No specific country was named, but Chi...
The recent escalation in tensions between the United States and Iran has taken a new turn. The U. S. President has declared a tough stance against Iran's oil exports. This move is part of a broader strategy to pressure Iran, especially as talks about its nuclear program stall. The president has warned that any country or individual buying Iranian oil or petrochemical...
Russia's economy is feeling the heat. The U. S. Treasury recently hit Russia's oil industry hard. They targeted 183 vessels, mostly tankers, that were moving Russian oil around the world. This move has made it tough for Russia to sell its oil, especially to China and India. These countries were big buyers of Russian oil, but now they're looking elsewhere. Middle East...
Ever wondered how cryptocurrencies like Bitcoin and Ethereum relate to gold, oil, and stock prices? This study examined five major cryptocurrencies and their connection to these traditional markets. A special method called 'cross-quantilogram' and 'quantile connectedness' was used to see how these markets interact. What did they find? Well, it turns out that the rela...