Latest news with #GlobalRiskManagement
CNBC
30-06-2025
- Business
- CNBC
Trump has shown sanctions on Iran can be effective: Analyst
Arne Lohmann Rasmussen from Global Risk Management talks about how oil prices have been affected by the Israel-Iran tensions, and whether US sanctions (or sanctions relief) could have a big impact on Iran's oil production and exports.
IOL News
24-06-2025
- Business
- IOL News
Navigating constant crises: South African executives face rising risks
An increased regulatory burden on businesses globally and in South Africa is prompting a more 'safety first' compliance approach to risk management, which steers risk managers to be more reactive than proactive, and this may hinder the growth prospects of the company, according to a survey that polled executives by professional services firm BDO. Image: AR Ron South African executives are operating in an environment of 'constant crisis', with rising compliance and political risks adding to the geopolitical, scarce skills, growing regulatory burden, low economic growth, and environment risks that are being faced by their global peers. This was according to Richard Walker, BDO South Africa's National Head of Risk Advisory Services, who spoke on Tuesday about the main findings from BDO's newly released Global Risk Landscape Report 2025. The report found that while 84% of 500 senior global executives describe their operating environment as one of "constant crisis," only 7% feel genuinely proactive in their risk management approach. The need to continually adopt a cautious approach may come at the cost of growth and competitiveness in the business," said Walker in a presentation. The global risk landscape has been in a state of flux for more than a decade due to escalating world trade tensions and shifts in geopolitical relationships and shows no sign of stabilising. This was reflected in the survey in that the perceived level of crisis among risk professionals and senior executives remained at record level. Against this backdrop, businesses were struggling to navigate a path forward. Only 7% of executives said their risk management was 'very proactive', down from 19% in 2024 and 29% in 2023. 'This matters: if companies are overly cautious, it will weigh on growth,' said Walker. 'The chaos and volatility that's all around us right now is definitely disrupting business,' said Dave Arick, MD for Global Risk Management at claims management and loss adjusting business Sedgwick. Video Player is loading. Play Video Play Unmute Current Time 0:00 / Duration -:- Loaded : 0% Stream Type LIVE Seek to live, currently behind live LIVE Remaining Time - 0:00 This is a modal window. Beginning of dialog window. Escape will cancel and close the window. 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Text Color White Black Red Green Blue Yellow Magenta Cyan Transparency Opaque Semi-Transparent Background Color Black White Red Green Blue Yellow Magenta Cyan Transparency Opaque Semi-Transparent Transparent Window Color Black White Red Green Blue Yellow Magenta Cyan Transparency Transparent Semi-Transparent Opaque Font Size 50% 75% 100% 125% 150% 175% 200% 300% 400% Text Edge Style None Raised Depressed Uniform Dropshadow Font Family Proportional Sans-Serif Monospace Sans-Serif Proportional Serif Monospace Serif Casual Script Small Caps Reset restore all settings to the default values Done Close Modal Dialog End of dialog window. Next Stay Close ✕ 'You see a lot of hesitation from businesses as they look at investments and growth because they don't know where the next curveball is going to come from, so there's a bit of a 'wait and see how it plays out' mentality,' Arick was cited as saying in the report. The biggest change to the survey rankings for 2025 was the sharp increase in concern about people and talent. More than a quarter of executives (28%) said talent or people capacity was a top three risk, up from only 12% in 2024. 'Concerns vary by sector. healthcare and life sciences are most concerned about people/talent (44%), followed by real estate and construction (39%), and then tech, media, and telecom (34%),' the report said. VisitRegulatory risk remained the top risk among C-suite executives, with 35% selecting it as one of the top three risks they feel most unprepared for. A significant factor was having to invest a great deal in compliance and then laws and regulations change overnight. Some 52% of respondents named data privacy as one of the top three most important regulations for their business, more than any other type of regulation. Supply chain risk and people/talent were joint second rated in the survey. Geopolitics remained a concern, placed at fourth. Environmental risk moved up four places to fifth, with 24% now saying they are unprepared for this. Cybercrime was still on the radar: ranked sixth.
Business Times
12-06-2025
- Business
- Business Times
Oil settles lower as traders gauge Middle East tensions
[NEW YORK] Oil prices settled slightly lower on Thursday as traders booked profits from a 4 per cent rally in the prior session, driven by concerns that worsening tensions in the Middle East could cause supply disruptions. Brent crude futures settled down 41 cents, or 0.6 per cent, at US$69.36 a barrel. US West Texas Intermediate crude fell 11 cents, or 0.2 per cent, to settle at US$67.97 a barrel. US President Donald Trump on Thursday said an Israeli strike on Iran 'could very well happen,' but added that he would not call it imminent and prefers to avoid conflict. The US had earlier decided to move personnel out of the Middle East, sending both crude oil benchmarks up more than 4 per cent to their highest since early April on Wednesday. The surge put the market in overbought territory based on several technical indicators, so it was likely due for a brief correction, StoneX Energy analyst Alex Hodes said. US and Iranian officials were scheduled to hold a sixth round of talks on Tehran's uranium enrichment programme in Oman on Sunday, according to officials from both countries and their Omani mediators. BT in your inbox Start and end each day with the latest news stories and analyses delivered straight to your inbox. Sign Up Sign Up Trump has repeatedly threatened strikes against Iran if the nuclear talks fail to reach an agreement. Tehran, which asserts its nuclear activity is for peaceful purposes, has said it would retaliate against strikes by hitting US bases in the region. Rising tensions in the region have oil traders worried about possible supply disruptions. Britain's maritime agency warned on Wednesday that increased tensions in the Middle East may escalate military activity and impact shipping in critical waterways. 'For the oil market, the absolute nightmare is a closure of the Strait of Hormuz,' Arne Rasmussen, an analyst at Global Risk Management, said in a LinkedIn post. 'If Iran blocks this narrow chokepoint, it could affect up to 20% of global oil flows,' he added. JPMorgan said oil prices could surge to US$120 to US$130 a barrel if the Strait of Hormuz were to be shut, a scenario the bank considered to be severe but a low risk. Still, oil traders were growing cautious. 'We are still higher than two days ago as some short investors prefer to stay on the sidelines amid the uncertainty,' said Giovanni Staunovo, an analyst at UBS. US special envoy Steve Witkoff plans to meet Iranian Foreign Minister Abbas Araghchi in Oman on Sunday to discuss Iran's response to a US proposal for a deal. The UN nuclear watchdog's 35-nation Board of Governors declared Iran in breach of its non-proliferation obligations on Thursday for the first time in almost 20 years, raising the prospect of reporting it to the UN Security Council. REUTERS
Asharq Al-Awsat
12-06-2025
- Business
- Asharq Al-Awsat
Oil Slips from Recent Highs as Market Assesses Middle East Tension
Oil prices fell on Thursday after sharp gains in the previous session as market participants assessed a US decision to move personnel from the Middle East ahead of talks with Iran over the latter's nuclear-related activity. Brent crude futures were down $1.31, or 1.9%, at $68.46 a barrel at 1202 GMT, while US West Texas Intermediate crude was $1.32, or 2%, lower at $66.83 a barrel, Reuters reported. A day earlier both Brent and WTI surged more than 4% to their highest since early April. US President Donald Trump said the US was moving personnel because the Middle East "could be a dangerous place". He also said the US would not allow Iran to have a nuclear weapon. Iran has said its nuclear activity is peaceful. Increased tension with Iran has raised the prospect of disruption to oil supplies. The sides are set to meet on Sunday. "Geopolitical risk premia tend to fade if there are no supply disruptions. We are still higher than two days ago as some short investors prefer to stay on the sidelines amid the uncertainty," UBS analyst Giovanni Staunovo said. On Wednesday Britain's maritime agency warned that increased tensions in the Middle East may lead to an escalation in military activity that could impact shipping in critical waterways. It advised vessels to use caution while travelling through the Gulf, the Gulf of Oman and the Straits of Hormuz, which all border Iran. "For the oil market, the absolute nightmare is a closure of the Strait of Hormuz," Global Risk Management analyst Arne Rasmussen said in a LinkedIn post. "If Iran blocks this narrow chokepoint, it could affect up to 20% of global oil flows," he added. JPMorgan said oil prices could surge to $120-$130 a barrel if the strait were to be shut, a scenario the bank considered to be severe but low-risk. The US meanwhile is preparing a partial evacuation of its Iraqi embassy and will allow military dependents to leave locations in the Middle East due to heightened security risk in the region, Reuters reported on Wednesday citing US and Iraqi sources. Iraq is the second-biggest crude producer after Saudi Arabia in the Organization of the Petroleum Exporting Countries. A senior Iraqi oil official told Reuters foreign energy firms continue operating normally in the country. Trump has repeatedly said the US would bomb Iran if the two countries cannot reach a deal regarding Iran's nuclear-related activity including uranium enrichment. Iran's Minister of Defense Aziz Nasirzadeh on Wednesday said Iran will strike US bases in the region if talks fail and if the US initiates conflict. US Special Envoy Steve Witkoff plans to meet Iranian Foreign Minister Abbas Araghchi in Oman on Sunday to discuss Iran's response to a US proposal for a deal. The UN nuclear watchdog's 35-nation Board of Governors declared Iran in breach of its non-proliferation obligations on Thursday for the first time in almost 20 years, raising the prospect of reporting it to the UN Security Council.
RTÉ News
12-06-2025
- Business
- RTÉ News
Oil prices ease from more than two-month peak
Oil prices fell today after sharp gains in the previous session as market participants assessed a US decision to move personnel from the Middle East ahead of talks with Iran over the latter's nuclear-related activity. Brent crude futures were down $1.31, or 1.9%, at $68.46 a barrel at 1202 GMT, while US West Texas Intermediate crude was $1.32, or 2%, lower at $66.83 a barrel. A day earlier both Brent and WTI surged more than 4% to their highest since early April. US President Donald Trump said the US was moving personnel because the Middle East "could be a dangerous place". He also said the US would not allow Iran to have a nuclear weapon. Iran has said its nuclear activity is peaceful. Increased tension with Iran has raised the prospect of disruption to oil supplies. The sides are set to meet on Sunday. "Geopolitical risk premia tend to fade if there are no supply disruptions. We are still higher than two days ago as some short investors prefer to stay on the sidelines amid the uncertainty," UBS analyst Giovanni Staunovo said. On Wednesday Britain's maritime agency warned that increased tensions in the Middle East may lead to an escalation in military activity that could impact shipping in critical waterways. It advised vessels to use caution while travelling through the Gulf, the Gulf of Oman and the Straits of Hormuz, which all border Iran. "For the oil market, the absolute nightmare is a closure of the Strait of Hormuz," Global Risk Management analyst Arne Rasmussen said in a LinkedIn post. "If Iran blocks this narrow chokepoint, it could affect up to 20% of global oil flows," he added. JPMorgan said oil prices could surge to $120-$130 a barrel if the strait were to be shut, a scenario the bank considered to be severe but low-risk. The US meanwhile is preparing a partial evacuation of its Iraqi embassy and will allow military dependents to leave locations in the Middle East due to heightened security risk in the region, Reuters reported on Wednesday citing US and Iraqi sources. Iraq is the second-biggest crude producer after Saudi Arabia in the Organization of the Petroleum Exporting Countries. A senior Iraqi oil official told Reuters foreign energy firms continue operating normally in the country. Trump has repeatedly said the US would bomb Iran if the two countries cannot reach a deal regarding Iran's nuclear-related activity including uranium enrichment. Iran's Minister of Defense Aziz Nasirzadeh on Wednesday said Iran will strike US bases in the region if talks fail and if the US initiates conflict. US Special Envoy Steve Witkoff plans to meet Iranian Foreign Minister Abbas Araghchi in Oman on Sunday to discuss Iran's response to a US proposal for a deal. The UN nuclear watchdog's 35-nation Board of Governors declared Iran in breach of its non-proliferation obligations on Thursday for the first time in almost 20 years, raising the prospect of reporting it to the UN Security Council.
