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Currencies

Lebanon says Israeli agents likely killed Hezbollah-linked currency exchanger

BEIT MERI, Lebanon (AP) — Lebanon’s interior minister alleged Wednesday that the mysterious abduction and killing of a Hezbollah-linked Lebanese currency exchanger in a villa on the edge of a quiet mountain resort town earlier this month was likely the work of Israeli intelligence operatives.The killing of Mohammad Srour, 57, who was sanctioned by the U.S., was like something out of an international spy thriller. Pistols equipped with silencers and gloves were found in a bucket of water at the scene, along with chemicals apparently intended to remove fingerprints and...
Currencies

How low does the Rupee go when the Middle East erupts

In today's tightly woven world, big world events like the recent flare-up between Iran and Israel rock the boat in financial markets. This latest showdown, coming right after the Russia-Ukraine crisis, is a stark wake-up call to just how much these global power struggles can mess with market stability.To dive into the impact of the recent escalation, it is important to dig deeper into the historical trends in the currencies.Instability in the Middle East holds significant sway over global oil markets, safe-haven assets, and currencies. As a crucial oil source,...
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