Latest news and stories about global markets in Portugal for expats and residents.
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Luís Costa Ribas, CNN Portugal correspondent in the US, explains the reasons that led the US to lift sanctions on Russian oil
The Trump administration has temporarily lifted sanctions on Russian oil for one month, a move analyzed by experts regarding its limited impact on global market shortages and the potential European reaction.
The International Energy Agency (IEA) estimates that the closure of the Strait of Hormuz due to the war in the Middle East will cause a collapse in global oil supply of eight million barrels per day in March. In its monthly oil market report published today, the IEA highlights that with this...
The President of the United States suggested that military operations in Iran will end in the short term, statements that “calmed the markets”, according to analysts.
The article discusses the recent performance of Wall Street, which closed with slight gains and losses amid conflicting signals from the Middle East, specifically from the Strait of Ormuz. It highlights the market's cautious outlook due to geopolitical tensions and their potential impact on global markets, including Portugal. The piece emphasizes that despite minor fluctuations, investor sentiment remains sensitive to international developments, influencing market stability and economic prospects in Portugal and beyond.
With the near-total closure of the Strait of Hormuz since March 1st, nearly 200 million barrels of oil from the Gulf have not entered the market. The fear of a prolonged war pushed oil prices to near 120 dollars this Monday at the opening of the Asian session. The G7 decided to intervene. Expresso spoke with Barry Eichengreen, Peter Cohan, Dan Steinbock, Pedro Amaral, João Queiroz, and Luis Mah.
