Traders have rushed to dump bets on interest rate cuts in economies viewed as most likely to be hit by an inflationary surge, haunted by the experience of past energy shocks. In the process, the US dollar has been revived from a year-long slump, as investors bet on the country’s economic resilience as an oil producer.

The IEA agreed Wednesday to release a record 400 million barrels of oil, and the U.S. would tap 172 million barrels from its Strategic Petroleum Reserve.

Markets in Europe and the United States appeared to stabilize after days of turmoil, but stocks in Asia fell sharply.

March 13 (Reuters) - Global equity funds recorded the largest weekly outflows since mid-December in the seven days to March 11 as disruptions to oil supplies stemming from the ongoing U.S.-Israel conflict with Iran stoked concerns about inflation and global economic growth.

Global markets opened the week on the back foot after U.S. and Israeli strikes on Iran jolted investors. Asian markets started the day lower across the board, with major markets in the region in negative territory.

Global markets are reacting tonight as tensions with Iran intensify and oil prices climb. Energy prices have surged amid escalating attacks between Israel and Iran and growing concerns that the conflict could disrupt global oil supplies.

Bitcoin has outperformed precious metals and U.S. equities since the war in Iran first began, softening sentiment after a rough start to the year.

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Resilience emerged as the defining theme for 2025, with most global equity markets dramatically rebounding from their April lows to close out the year near all-time highs. We see three inflection points that are likely to drive the investment landscape ...