7+ hour, 54+ min ago   (627+ words) Asian markets slid as oil prices surged due to supply concerns, while investors braced for anticipated interest rate hikes from the US Federal Reserve and Bank of Japan this week. SYDNEY: Share markets slid in Asia on Monday as supply…...

8+ hour, 5+ min ago   (431+ words) Oil prices surged over 2% due to Houthi strikes, Iranian attacks on ships, and the closure of a key Saudi pipeline, intensifying global supply concerns. BEIJING: Oil prices jumped more than 2% on Monday, after new Houthi strikes on Saudi Arabia and…...

21+ hour, 20+ min ago   (527+ words) Drone attacks on Saudi Arabia's key east-west oil pipeline threaten to halt exports within days, potentially cutting global supply by 4% and worsening the existing fuel crisis. LONDON: Saudi Arabia will run out of oil stocks for exports if it doesn’t…...

22+ hour, 11+ min ago   (660+ words) Despite the UAE's announced trade suspension with Iran, informal trade and financial ties persist in Dubai, sustained by a large Iranian community and historical economic interdependence. DUBAI: In the markets of old Dubai, saffron, cumin, pistachios and almonds from Iran…...

1+ day, 13+ hour ago   (365+ words) WASHINGTON: US consumer prices likely accelerated in August as the cost of gasoline rebounded after two straight monthly declines, which would reinforce financial market expectations that the Federal Reserve could raise interest rates next week. The Labor Department’s Consumer Price…...

1+ day, 13+ hour ago   (140+ words) BAGHDAD: Iraq’s North Oil Company signed a 25-year contract with private Iraqi project developer KEPPT to develop and operate the Ajil oilfield, the prime minister’s office said on Saturday. The agreement aims to raise the field’s gas output gradually to…...

3+ day, 4+ hour ago   (170+ words) Gulf foreign ministers plan to meet their Iranian counterpart in a push by Oman and Iran to secure buy-in for a temporary deal to manage shipping through the Strait of Hormuz, the Financial Times reported on Friday. Oil prices set…...

3+ day, 4+ hour ago   (332+ words) Copper was set to snap a 10-week winning streak, despite a marginal Friday rise, after Reuters reported that the White House had yet to decide on refined copper tariffs, triggering a sharp drop from record highs. Three-month copper on the…...

3+ day, 4+ hour ago   (238+ words) SHANGHAI: China and Hong Kong stocks slipped on Friday and were on track to close the week lower, as thin trading volumes and growing expectations of further US interest rate hikes dampened risk sentiment. China’s blue-chip CSI300 Index dropped 1.6% by the…...

4+ day, 23+ hour ago   (224+ words) SINGAPORE: Kuwait Petroleum Corp is offering the option of ship-to-ship transfers outside the Strait of Hormuz to its buyers for safe transportation to final destinations, a company official said on Wednesday. “Whenever it is safe, we are passing some ships…...