China is drawing on years of strategic preparation to cushion the impact of escalating disruptions to global oil flows, as military tensions involving Iran enter a third week. As the world’s largest oil importer, Beijing has relied on large crude stockpiles, alternative shipping routes, and rapid electrification to maintain energy stability. The......
Global oil prices climbed sharply on Tuesday as renewed Iranian attacks on energy infrastructure in the Gulf reversed a brief decline, with Brent closing above 100 dollars per barrel and US crude gaining nearly 3 percent on the day. The rally comes as the conflict involving the United States and Israel against Iran enters its third week,......
US President Donald Trump said he has requested a one month delay to his planned summit with Chinese President Xi Jinping, citing the ongoing war with Iran as the reason for remaining in Washington. Speaking at the White House, Trump said he wanted to travel to China but considered it necessary to stay in the United States due to the conflict.......
The United Arab Emirates briefly shut its airspace on Tuesday as missile and drone exchanges between Iran and Israel intensified, with explosions reported in several Gulf cities and new strikes launched across multiple fronts. Residents in Dubai and Doha reported hearing blasts as air defense systems intercepted incoming projectiles. UAE......
Iran has expanded missile and drone attacks across Gulf states as the conflict involving the United States and Israel enters its third week, disrupting global oil supplies and pushing crude prices above 100 dollars per barrel. The escalation has effectively paralyzed the Strait of Hormuz, a narrow maritime corridor through which roughly 20......
The escalation of tensions in the Middle East has led to the cancellation of two major Formula 1 events scheduled to take place in the Gulf region in April. Motorsport authorities confirmed that the races planned in Bahrain and Saudi Arabia will not be held due to security concerns linked to the ongoing conflict. According to the Fédération......
On Saturday evening, the Iranian Revolutionary Guards announced that they had launched a volley of missiles targeting U.S. forces stationed at Prince Sultan Air Base, near Riyadh, Saudi Arabia. While Saudi authorities have not officially confirmed the attack, the kingdom’s Ministry of Defense earlier reported intercepting six missiles......
Iranian drone attacks have dropped sharply since the start of the conflict, according to US Defense Secretary Pete Hegseth, but Gulf countries continue to face strikes from Iranian unmanned aircraft targeting civilian and strategic infrastructure. Speaking on March 13, Hegseth said Iranian kamikaze drone attacks had fallen by about 95 percent......
Shares of CF Industries Holdings surged more than 13 percent on Thursday, reaching a record high as the escalating conflict involving Iran disrupted global fertilizer supply chains. The nitrogen fertilizer producer closed at $136, up $15.87 for the session after touching an intraday peak of $137.44. Trading volume exceeded 14 million shares,......
Bloomberg LP has told employees based in Gulf countries, including those at its regional headquarters in Dubai, that they may temporarily relocate and work from outside the region as Iranian attacks continue to escalate, according to a company spokesperson speaking to Reuters. The move makes Bloomberg one of several major financial and media......
The U.S. dollar strengthened this week, with the dollar index rising above 99.00 to its highest level since late November 2025 as investors moved toward safe haven assets amid escalating conflict in the Middle East. The index traded near 99.34 on Thursday after reaching an intraday high close to 99.76. The move marks a gain of roughly 2.5......
Global oil prices climbed back above $100 per barrel on Thursday as Iran’s new supreme leader pledged to maintain the closure of the Strait of Hormuz, intensifying the largest energy supply disruption in modern history. The conflict involving the United States, Israel and Iran has entered its third week, sending shockwaves through global......
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