Oil prices surge above $112 as Gulf attacks rattle markets

Asian stock markets fell sharply on Thursday as escalating attacks on energy infrastructure in the Gulf pushed oil prices higher, while the US Federal Reserve and the Bank of Japan held interest rates steady amid rising economic uncertainty. Oil prices jumped after strikes targeting key facilities across the region. Brent crude rose above......

Dollar index rises above 100 as Iran conflict fuels safe haven demand

The US dollar index climbed above the 100 mark on Wednesday, gaining about 5 percent from its late January low, as escalating tensions in the Middle East and a more restrictive Federal Reserve stance drove investors toward the dollar as a safe haven. The move marks a sharp reversal for a currency that had fallen roughly 9 percent earlier......

Global food traditions reflect culture identity and social connections

Food practices around the world carry strong cultural meanings shaped by history, environment, religion, and social structures. These traditions influence identity, daily routines, and communal rituals, creating distinct patterns across regions while also evolving through migration and global exchange. In Africa, food traditions often reflect......

China reroutes oil shipments as Hormuz disruption reshapes energy flows

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......

Hormuz traffic partially resumes as oil prices surge on Gulf attacks

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,......

Trump seeks to delay Xi summit as Iran war reshapes priorities

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.......

UAE briefly closes airspace as Iran Israel strikes escalate across region

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 strikes Gulf states as Strait of Hormuz crisis deepens

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......

War in the Middle East forces cancellation of Formula 1 Grands Prix in the Gulf

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......

Iranian Revolutionary Guards claim missile strike on U.S. base in Saudi Arabia

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 decline but continue striking Gulf allies

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......

CF Industries hits record high as Iran war disrupts global fertilizer supply

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 allows Gulf staff to relocate as Iran attacks intensify

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......

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