The Guardian Australia – Business
·business
·7 hours ago
HSBC warns Iran war undermines global economic confidence and raises oil prices
HSBC warned the ongoing Iran war is undermining global economic confidence as rising oil prices challenge inflation and growth. CEO Georges Elhedery expressed concerns about prolonged conflict's wider impact while noting oil prices fluctuated, with Brent crude at $98.5. Companies, including Imperial Brands and Castore, are grappling with rising costs and uncertain market conditions.
Summary by Glance · The Guardian Australia – Business
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