Saudi Stocks Defy Gulf Turmoil to Rise as Local Buyers Step In

As the Iran war erupted, Gulf stock markets looked certain to tumble once trading resumed. But Saudi equities have defied those expectations to rise despite the conflict, helped by support from local investors. Riyadh’s Tadawul All Share Index is 1.7% higher than...

Oil shock ‘worse than the 1970s’

Iran war ‘largest disruption to crude supplies in history of global oil market’, says IEA The Iran war has triggered an even bigger oil shock than the Arab oil embargo of the 1970s, the International Energy Agency (IEA) said. The Paris-based agency said the conflict...

Leon Cooperman Warns Markets Overpriced With Geopolitical Risks

Leon Cooperman, the former hedge fund manager who now runs his own family office, said financial markets are overpriced as stocks have become too costly relative to company profits. Cooperman, the billionaire chairman and chief executive officer of Omega Family...

Trump Has Never Been a Planner, and in War That’s Deadly

“The truth is, these are not very bright guys, and things got out of hand.” — All the President’s Men Senator Chris Murphy of Connecticut, a Democrat and member of the Foreign Relations Committee, took to social media Tuesday night to share takeaways from a classified...