Latest Global Economic Updates Amid Middle East Conflict

Oil prices remain well above $100, but stock markets rebound

By 17:30 GMT, the price of a barrel of Brent crude was almost stable (+0.06%) at $112.68, while the American equivalent, West Texas Intermediate, gained 3.77% to $103.40 per barrel.

European stock exchanges recovered ground after last week’s declines, led by London (+1.43%), Frankfurt (+1.18%), Milan (+1.02%), and Paris (+0.92%).

Wall Street showed mixed results: the Dow Jones rose by 0.31%, while the Nasdaq fell by 0.56%, and the S&P 500 decreased by 0.17%.

G7 Urges Coordinated Action to Ensure Energy Market Stability

The G7 Energy Ministers meeting called for coordinated actions to maintain energy market stability amidst global issues.

German Inflation Rises Due to Energy Costs

Inflation in Germany rose to 2.7% in March, driven by higher energy prices attributed to the Middle East conflict.

Indonesia Cuts Free Meal Program

Indonesia will reduce its free meal program starting Tuesday to save up to $2.3 billion amid soaring global oil prices.

Sri Lanka Raises Electricity Tariffs

Sri Lanka announced a potential 40% increase in electricity tariffs from April 1 due to energy shortages caused by the Middle East conflict.

Air Liquide Highlights Global Helium Market Tension

French industrial company Air Liquide, in partnership with Qatar Energy, noted a worldwide tension in the helium market and aims to secure supply for its customers.

French Government Considers Extending Aid for Transporters

Amid protests from farmers and transporters, the French government hinted at extending targeted aids to offset fuel price hikes, totaling 70 million for April.

Published on 30 March at 19:58 by AFP