Economy
Global oil markets have experienced extreme volatility this week, with crude prices swinging by tens of dollars within hours as traders struggled to interpret conflicting signals from Washington about the United States conflict with Iran and the security of the Strait of Hormuz. Brent crude futures......
Saudi Aramco expects to reach the full capacity of its East West crude oil pipeline within days as Saudi Arabia works to maintain exports while the Strait of Hormuz remains effectively closed due to Iranian military control. Chief Executive Amin Nasser warned that the crisis represents the most serious......
Agricultural markets rose sharply Monday as crude oil prices climbed above $100 per barrel, driven by the escalating conflict involving Iran and disruptions to energy supply routes. The surge in oil prices has triggered ripple effects across global food markets, increasing fertilizer costs and boosting......
Saudi Arabia has begun reducing oil production as the effective closure of the Strait of Hormuz fills storage facilities across the Persian Gulf, intensifying what analysts describe as the largest supply disruption in modern oil market history. The move by the world’s largest oil exporter comes......
French quantum computing startup Pasqal has announced a major financing package of 340 million euros alongside a merger with a listed shell company, paving the way for a dual stock market listing in Paris and on the Nasdaq at a pre‑money valuation of 2 billion dollars. Half of the new funds, or 170......
Global oil shipping through the Strait of Hormuz has effectively halted after Iran’s Islamic Revolutionary Guard Corps declared the strategic waterway closed and threatened to attack any vessel attempting to pass, sending shockwaves through global energy markets. The crisis began on February 28......
The suspension of liquefied natural gas production in Qatar after Iranian drone strikes has disrupted global energy markets and forced India’s largest LNG importer to declare force majeure as supply shortages ripple across Asia. QatarEnergy halted operations at its Ras Laffan complex on March......
About forty kilometres south of Addis Ababa, Ethiopia has begun building one of the most ambitious aviation projects ever attempted on the continent: Bishoftu International Airport, a new mega hub designed to anchor the future growth of Ethiopian Airlines and entrench the country’s role as Africa’s......
An Iranian drone strike on Saudi Aramco’s Ras Tanura refinery has forced a precautionary shutdown at one of the world’s most important oil facilities, intensifying concerns over a wider regional conflict and global energy security. The attack ignited a limited fire that was brought under......
Saudi Aramco has withheld its March 2026 crude shipment to a Pakistani refinery, reflecting tighter global supply patterns as sanctions and shifting demand reshape trade routes. According to industry sources cited by Pakistan Today, the state oil company has redirected volumes toward larger Asian......
Major Gulf producers increased oil exports ahead of U.S. and Israeli strikes on Iran, seeking to stabilize global markets in case of supply disruptions. Abu Dhabi National Oil Company (ADNOC) released additional volumes of Murban crude for April delivery, which lowered the grade’s spot premiums......
Freight costs for transporting crude oil from the Middle East surged to their highest level in six years as exporters accelerated shipments while tensions escalate between the United States and Iran. The cost of chartering a very large crude carrier capable of carrying two million barrels from the Persian......
Russia’s flagship Urals crude is trading at its steepest discount to global benchmark Brent in nearly three years, underscoring mounting pressure on Moscow’s key export revenues as Western sanctions persist and Indian demand weakens. The discount on Urals expanded to $28 per barrel on a......
