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Markets
Markets
Iran war anxiety sends global container shipping rates soaring as Hormuz remains effectively closed
The cost of shipping a container from Asia to the United States has doubled since the Iran conflict began in late February, driven by spiking bunker fuel prices, mass rerouting around the Cape of Good Hope, and frontloading by importers bracing for worse to come.
News Room · 11 Jun 2026, 09:32
Markets
Gold rebounds from six-month low as traders await US producer price data
Spot gold bounced back above $4,090 on Thursday after touching its lowest level since November, driven by short-covering ahead of May producer price data due later in the day that could sharpen expectations for Federal Reserve rate policy.
Markets
Markets stay cautious despite Lebanon ceasefire
Global stocks fell even as oil prices eased after the Israel Lebanon ceasefire, with investors still focused on the wider risk of escalation involving the United States and Iran.