Repsol SA and BP Plc, along with other oil firms, face accusations of market abuse and anti-competitive practices from a Spanish fuel wholesaler. The complaint, filed in April 2026, alleges these companies exploited market dominance, raising concerns over fair competition in the fuel industry. The case highlights ongoing regulatory scrutiny of major oil companies in Europe.
Intel’s stock jumped 24% after Q1 earnings beat expectations, with $13.6 billion revenue and 29-cent EPS. Data center revenue rose 22% driven by AI workloads, and Q2 guidance exceeded forecasts. The strong earnings signal increased investor confidence in tech stocks, including those involved in blockchain infrastructure and AI, impacting the broader crypto ecosystem.
Global bond markets are on track for their worst week in a month due to rising US-Iran tensions. Investors are growing increasingly uneasy about the ongoing stalemate between the two nations, which has heightened geopolitical risks and impacted investor sentiment across global bond markets. The situation has led to increased volatility and a decline in bond prices worldwide.
Germany faces a risk of stagflation, according to Ifo President Clemens Fuest, after the institute’s expectations index fell to 83.3 in April from 85.9 in March, the lowest since August 2023. Fuest warned of a potential economic slowdown, highlighting concerns over rising inflation and stagnant growth. The comments were made on Bloomberg Television on April 24, 2026.
The Iran conflict has increased energy costs, posing a threat to Germany’s economic outlook and raising recession risks. Despite these disruptions, the European Central Bank is unlikely to cut interest rates, indicating potential long-term economic challenges for Germany amid ongoing energy uncertainties. The situation underscores the broader macroeconomic impact of geopolitical tensions on energy markets.
There is no specific financial data or figures in the article to summarize. It highlights Horizons Middle East & Africa’s daily coverage of the region’s markets, with a focus on Dubai, Hong Kong, London, and Johannesburg, emphasizing its role in providing global market analysis and news. The article does not mention any particular amounts, dates, or financial events.
Yara International ASA reported higher-than-expected Q1 earnings, boosted by soaring fertilizer prices caused by the Iran war. The conflict disrupted transit through the Strait of Hormuz, impacting global trade of crop nutrients. The war's effect on supply chains contributed to increased profits for Yara, highlighting how geopolitical tensions influence commodity markets.
