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Fitch: Middle East conflicts pose a growth risk, and Italy is vulnerable due to its inflation being susceptible to energy price volatility.
Fitch: (Qatar) Qatars stability outlook reflects market expectations that a credible prospect of a significant increase in LNG production will mitigate the impact of the war with Iran. The base case scenario is that the conflict will last less than a month, during which time the Strait of Hormuz will remain closed. Gas production is expected to resume once traffic in the Strait of Hormuz returns to normal.
Fitch affirmed Spains rating at "A" with a stable outlook; affirmed Italys rating at "BBB+" with a stable outlook; and affirmed Qatars rating at "AA" with a stable outlook.
Canadas Energy Minister: Canada will contribute 23.6 million barrels of Canadian crude oil to the International Energy Agencys (IEA) reserves.
According to foreign media statistics, the market value of the S&P 500 index has evaporated by $2 trillion since the outbreak of the war with Iran.