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China’s economy expanded more rapidly than analysts had predicted in the first quarter of the year, even as the global economy grappled with the fallout from the ongoing US-Israel war with Iran.   Official figures show that gross domestic product (GDP) increased by 5% compared to the same period last year, exceeding economists’ expectations of around 4.8%.   The stronger-than-anticipated performance comes despite significant disruption caused by the Middle East conflict, whic

Oil prices climbed sharply while global stock markets declined after U.S. President Donald Trump delivered a primetime address from the White House on Wednesday, outlining a more aggressive stance in the ongoing Iran conflict.   In his speech, Trump warned that the United States would strike Iran “extremely hard” within the next two to three weeks. He also urged countries dependent on Middle Eastern oil to take responsibility for maintaining access through the Strait of Hormu

Stock markets in the United Kingdom and the United States rebounded on Wednesday, while several Asian markets continued to slide, as investors reacted to ongoing volatility in oil and gas prices driven by fears that the escalating conflict involving Iran, the US, and Israel could become prolonged.     The FTSE 100, which tracks the largest companies listed in London, posted gains alongside major American and European indexes after two consecutive days of declines. In contrast

Crude oil prices jumped in early trading on Monday as markets reacted to intensifying tensions in the Middle East and the potential disruption to global energy supplies.   Investors weighed the economic consequences of coordinated US and Israeli strikes on Iran, followed by swift retaliatory actions from Tehran that targeted assets across several countries in the region.   At the start of trading, the price of US benchmark crude briefly spiked by around 8% before easing sligh