Middle East conflict

Clariant reports Q1 2026 sales of CHF 918M, down 2% due to Middle East conflicts and restructuring, but maintains full-year guidance and improves cash conversion.

Shell reports $6.9B Q1 earnings, beating estimates, but stock falls 3.11% as revenue disappoints and debt concerns mount.

U.S. stock futures advance as oil prices decline following Trump's Middle East shipping plan. Iran dismisses initiative; economists warn of recession risks.

Mohawk Industries beat Q1 earnings at $1.90 EPS despite 8% sales decline, guiding Q2 EPS to $2.50-$2.60 amid residential weakness and inflationary pressures.

Mohawk Industries reports Q1 2026 earnings of $117M with $1.90 EPS; guides Q2 EPS at $2.50-$2.60 amid pricing actions and demand weakness.

Mohawk Industries reports Q1 2026 earnings of $117M, $1.90 EPS on 8% sales growth to $2.7B despite energy inflation and weak residential construction headwinds.

Mohawk Industries reported Q1 2026 earnings of $117M and EPS of $1.90, with 8% reported sales growth to $2.7B offset by 2.6% constant currency decline. Commercial strength counters residential weakness.

Mohawk Industries reported $117M Q1 earnings with $1.90 EPS on $2.7B sales, facing input cost inflation and residential construction weakness.

ConocoPhillips beats Q1 earnings expectations but production declines 80 MBOED. CEO warns Middle East conflict poses global economic risk.

Brent crude surges 20% to $122 as Middle East conflict cuts Gulf production 55%, with economist Mohamed El-Erian warning further rally gains remain possible.

Powell's Fed faces stagflation trap: collapsing labor market and Middle East energy shocks create impossible policy choice for incoming leadership.

Booking Holdings cut full-year guidance after Strait of Hormuz blockade reduced Q1 room night growth by 2 percentage points, with March down 6 points.

Booking Holdings shares fell 4.40% to 52-week lows despite beating Q1 earnings, as management cut Q2 guidance citing Middle East conflict disruptions expected through June.

DSV reports 31% Q1 2026 EBIT growth driven by Schenker integration across 50+ countries, maintaining full-year guidance of DKK 23-25.5 billion.

Baker Hughes warns Strait of Hormuz may stay closed until late 2026, disrupting 10% of oil supply and 20% of LNG. Q1 revenue hit $6.6B, orders surged 26%, but free cash flow fell 54%.

Honeywell shares fell 5.44% after Q1 earnings beat offset by revenue miss. Company divests units ahead of aerospace spin-off despite geopolitical headwinds.

ServiceNow beat Q1 earnings, raising guidance by $205M, but stock plunged 14% after CFO warned Middle East tensions could delay deal closures.

Sasol raises fuel guidance to 10-15% above FY25 while trimming gas production due to Mozambique floods. Secures $750M bond and completes LPG facility commissioning.

Brent crude dipped below $100 amid peace hopes, but fragile ceasefires and supply constraints likely keep oil prices elevated for months, benefiting major oil producers.

Drone maker AEVEX raises $320M in massively oversubscribed IPO at $20/share, capitalizing on surging defense spending driven by global conflicts.