New Delhi, March 8 -- Amid the intensifying Middle East conflict and climbing crude oil prices, Wall Street investors face a plenty of economic indicators to evaluate in the week ahead.
Oil prices are set to rise further as the war involving Iran triggers massive supply shocks: leading exporters are scaling back production as storage reaches capacity and the primary maritime route for global fuel markets remains effectively blocked.
The United Arab Emirates and Kuwait have already initiated output cuts as reserves overflow, following Iraq, where production has plummeted by approximately 60%. Brent crude on Friday topped $90 a barrel, a sharp increase from the $70 level seen before the February 28 offensives.
Regarding the economic sche...
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