Emirates Global Aluminium has moved to sell large volumes of alumina — the key raw material needed to make aluminum — following a strike on a smelter it runs on the outskirts of Abu Dhabi, according to people familiar with the matter. EGA this week offered to sell...

Christine Lagarde used an audience of high-level Group of Seven officials to challenge Treasury Secretary Scott Bessent’s optimism that the Iran war’s economic fallout will be short-lived, according to people familiar with the matter. Bessent played down the damage...

One of the world’s largest petrochemical facilities in Saudi Arabia halted production as the Middle East conflict disrupts supply chains and energy operations in the region. Sadara Chemical Co. said the temporary shutdown had been completed at its plant in the...

SpaceX is preparing to launch the largest IPO of all time — with expectations that it could raise more than all U.S. listings in 2024 and 2025. Why it matters: Wall Street is understandably giddy. But what it's about to pitch investors is unprecedented, and could...

On March 19, Ras Laffan, the largest liquified natural gas (LNG) terminal in the world, supplying one-fifth of the world’s super-chilled fuel, was hit by Iranian missiles and drones. The Qatari terminal suffered substantial damage in the strikes – fires were raging...

The S&P 500 correction is nearing its final stage even as the Iran war continues, according to strategists at Morgan Stanley, who warn that Federal Reserve interest-rate hikes still pose a threat to stocks. There is growing evidence that the equities slide “is...

Aluminum climbed around 6% after Iran attacked two production sites in the Middle East, threatening to deepen supply disruptions in a region that accounts for a significant portion of global output. Prices on the London Metal Exchange rose as much as 6% to $3,492 a...

The Houthis launched ballistic missiles at Israel on Saturday morning, marking their entry into the month-long Iran war that has already caused chaos in energy markets and killed thousands of people. The Yemen-based Houthis, who are supported by Iran, said they...

Russia’s Yaroslavl oil refinery suffered damage after a Ukrainian drone attack overnight, according to the General Staff of the Armed Forces of Ukraine. “A hit was recorded on the territory of the plant, followed by a fire,” Ukraine’s military said in its official...

The Iran war is forcing soul-searching within the global economic elite on how to respond to a series of shocks that show no signs of abating. Four weeks into the conflict, the disruption to energy supply is already severe enough that even an abrupt end to hostilities...

Wall Street traders drove stocks lower ahead of the weekend on concern that a protracted war in Iran will keep oil prices elevated, fueling a simultaneous increase in inflation and a slowdown in growth. The nearly 1.5% drop in the S&P 500 put the gauge on course...

Russia may have launched an attempted spring offensive, but made no significant gains so far; Ukraine has responded by devastating Russia’s oil export terminals.Russia has stepped up assaults in Ukraine’s east in what may be the start of a spring offensive, and...

Microsoft Corp. is at the intersection of two troubling trends roiling the technology sector, which has the stock on track for its worst quarterly performance since the global financial crisis two decades ago. First, the software giant is doubling down on capital...