{"id":61882,"date":"2026-05-13T06:38:26","date_gmt":"2026-05-13T10:38:26","guid":{"rendered":"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/global-markets-shaken-by-middle-east-energy-crisis-and-alibaba-earnings-miss\/61882\/"},"modified":"2026-05-13T06:38:26","modified_gmt":"2026-05-13T10:38:26","slug":"global-markets-shaken-by-middle-east-energy-crisis-and-alibaba-earnings-miss","status":"publish","type":"post","link":"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/global-markets-shaken-by-middle-east-energy-crisis-and-alibaba-earnings-miss\/61882\/","title":{"rendered":"Global Markets Shaken by Middle East Energy Crisis and Alibaba Earnings Miss"},"content":{"rendered":"<h2>Key Takeaways<\/h2>\n<ul>\n<li><strong>Crude oil prices hold firm at $107\/bbl<\/strong> as Iran refuses to relinquish control of the <strong>Strait of Hormuz<\/strong> or enter negotiations regarding nuclear enrichment.<\/li>\n<li><strong>Alibaba (<a href=\"\/stock\/BABA\">BABA<\/a>) reported a Q4 earnings miss<\/strong>, with revenue of <strong>243.38 billion Yuan<\/strong> and adjusted EBITDA of <strong>16.44 billion Yuan<\/strong> falling short of analyst estimates.<\/li>\n<li><strong>UK Health Secretary Wes Streeting is reportedly preparing to resign<\/strong>, a move allies suggest is the precursor to a formal leadership challenge against Prime Minister Keir Starmer.<\/li>\n<li><strong>Ex-BoJ Governor Kuroda warned that the Bank of Japan may be forced to accelerate policy normalization<\/strong> or tighten monetary policy if the Middle East conflict continues to drive inflation.<\/li>\n<li><strong>Mercedes-Benz (<a href=\"\/stock\/MBGYY\">MBGYY<\/a>) CEO Ola K\u00e4llenius admitted that current emissions regulation methods have failed<\/strong> to work as intended, signaling a potential shift in the company&#39;s compliance strategy.<\/li>\n<\/ul>\n<h2>Energy Markets and Geopolitical Stalemate<\/h2>\n<p>Global energy markets remain on edge as <strong>Brent crude stays elevated around $107 per barrel<\/strong> following defiant statements from Tehran. Aladdin Boroujerdi, a member of Iran\u2019s National Security Commission, stated that the Islamic Republic will <strong>not give up control of the Strait of Hormuz<\/strong> and has ruled out any negotiations regarding its nuclear enrichment program.<\/p>\n<p>The continued disruption in the world&#39;s most critical oil chokepoint has prompted the Swedish government to announce a <strong>tax cut on petrol and diesel of SEK 3 per liter<\/strong> to shield consumers. Meanwhile, Russian Foreign Minister Sergey Lavrov claimed that India\u2019s energy interests will remain unaffected, while simultaneously accusing the United States of attempting to seize control of all global energy routes.<\/p>\n<h2>Alibaba Earnings and Corporate Headwinds<\/h2>\n<p>Alibaba (<a href=\"\/stock\/BABA\">BABA<\/a>) shares faced pressure after the company\u2019s <strong>Q4 2026 revenue of 243.38 billion Yuan<\/strong> missed the consensus estimate of <strong>246.51 billion Yuan<\/strong>. Profitability also took a significant hit, with <strong>adjusted EBITDA coming in at 16.44 billion Yuan<\/strong>, well below the expected <strong>24.06 billion Yuan<\/strong>.<\/p>\n<p>Despite the overall miss, the company highlighted that <strong>AI-related product revenue achieved triple-digit growth<\/strong> for the tenth consecutive quarter. This suggests that while core e-commerce and logistics segments are struggling under macroeconomic weight, the company\u2019s pivot toward artificial intelligence infrastructure remains a high-growth bright spot.<\/p>\n<h2>UK Political Turmoil<\/h2>\n<p>The British government is facing a potential leadership crisis just as the King\u2019s Speech is set to begin. Reports from <em>The Times<\/em> indicate that <strong>Health Secretary Wes Streeting is preparing to resign<\/strong>, with allies suggesting he is poised to launch a leadership bid as early as tomorrow.<\/p>\n<p>In a bid to regain political momentum, Prime Minister Keir Starmer is expected to unveil a <strong>&quot;big, bold offer&quot; on defense investment<\/strong> next week. The internal party friction comes at a sensitive time for the Labour government, as Streeting\u2019s supporters point to his record on falling NHS waiting lists as a platform for his potential challenge.<\/p>\n<h2>Central Bank Policy and Inflation Risks<\/h2>\n<p>Central bankers are increasingly vocal about the &quot;twin risks&quot; of the Middle East conflict: shrinking demand and supply-driven inflation. <strong>Ex-BoJ Governor Haruhiko Kuroda<\/strong> noted that the Bank of Japan needs to <strong>gradually raise its policy rate<\/strong> because real borrowing costs remain &quot;deeply negative,&quot; though he admitted the conflict makes these decisions difficult.<\/p>\n<p>In Europe, <strong>ECB Governing Council member Madis Muller<\/strong> stated that while the Eurozone has not yet fallen into stagflation, a <strong>&quot;fast Hormuz solution&quot; is required<\/strong> for the ECB to consider holding rates in June. Muller emphasized that the central bank would need to see energy prices begin to fall before pausing its current tightening cycle.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Key Takeaways Crude oil prices hold firm at $107\/bbl as Iran refuses to relinquish control of the Strait of Hormuz [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":50383,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"site-sidebar-layout":"default","site-content-layout":"","ast-site-content-layout":"","site-content-style":"default","site-sidebar-style":"default","ast-global-header-display":"","ast-banner-title-visibility":"","ast-main-header-display":"","ast-hfb-above-header-display":"","ast-hfb-below-header-display":"","ast-hfb-mobile-header-display":"","site-post-title":"","ast-breadcrumbs-content":"","ast-featured-img":"","footer-sml-layout":"","theme-transparent-header-meta":"","adv-header-id-meta":"","stick-header-meta":"","header-above-stick-meta":"","header-main-stick-meta":"","header-below-stick-meta":"","astra-migrate-meta-layouts":"default","ast-page-background-enabled":"default","ast-page-background-meta":{"desktop":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"ast-content-background-meta":{"desktop":{"background-color":"var(--ast-global-color-4)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"var(--ast-global-color-4)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"var(--ast-global-color-4)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"rank_math_schema_Article":[],"rank_math_focus_keyword":[],"rank_math_description":[],"financial_data_references":[],"stock_symbols_mentioned":[],"footnotes":""},"categories":[5012],"tags":[1947,3743,4025,4037,4664,5248,18724],"class_list":["post-61882","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-breaking-news","tag-oil","tag-baba","tag-boj","tag-ecb","tag-iran","tag-uk-politics","tag-mbgyy"],"_links":{"self":[{"href":"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/wp-json\/wp\/v2\/posts\/61882","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/wp-json\/wp\/v2\/comments?post=61882"}],"version-history":[{"count":0,"href":"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/wp-json\/wp\/v2\/posts\/61882\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/wp-json\/wp\/v2\/media\/50383"}],"wp:attachment":[{"href":"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/wp-json\/wp\/v2\/media?parent=61882"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/wp-json\/wp\/v2\/categories?post=61882"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/wp-json\/wp\/v2\/tags?post=61882"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}