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US blockade against Iran triggers global energy shock fears; China denounces ‘dangerous’ move
PARIS, April 14 — Washington’s decision to blockade Iranian ports in the Strait of Hormuz is sending tremors through global energy markets, raising fears of a fresh oil shock by threatening supplies to Asia. Iran had continued to pump crude
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Philippines seeks US nod to expand Russian oil imports as shortages bite
MANILA, April 14 — Manila said Tuesday it was seeking US permission to buy more Russian crude, as the import-dependent Philippines scrambles to shore up scant fuel supplies amid a blockade of the Strait of Hormuz. The Philippines’ sole oil
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China Evergrande founder Hui Ka Yan pleads guilty to illegal fundraising in landmark fraud trial
BEIJING, April 14 — China Evergrande Group’s founder Hui Ka Yan pleaded guilty to charges including illegal absorption of public deposits and fundraising fraud in a court in Shenzhen, which held a trial of the case against the group and
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Asian stocks rally, crude drops on lingering hope for peace deal
HONG KONG, April 14 — Stocks rose and oil fell Tuesday on hopes for a deal to end the Middle East war and reopen the Strait of Hormuz, with Donald Trump saying Tehran had called to seek an agreement even
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EU doubles steel tariffs to 50pc to curb flood of Chinese exports, protect industry
BRUSSELS, April 14 — EU lawmakers and countries agreed to double tariffs on foreign steel on Monday, to shield the bloc’s struggling industry from a flood of cheap Chinese exports. European Union governments and parliament representatives reached a late evening
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Venezuela courts investment as Chevron expands oil footprint
CARACAS, April 14 — US oil giant Chevron and the government of Venezuela signed two deals Monday that will expand oil production in the country, as the country seeks to boost private investment in the sector. A signing ceremony took
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Australia’s Qantas warns jet fuel surge could add up to AU$800m to costs
SYDNEY, April 14 — Surging jet fuel prices may raise costs for Australia’s Qantas by up to AU$800 million (RM2.24 billion) in the second half of this year, the airline said Tuesday. War in the Middle East has led jet
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IEA, IMF, World Bank warn fuel, fertiliser prices could stay elevated for prolonged period amid supply shocks
ISTANBUL, April 14 — The International Energy Agency (IEA), the International Monetary Fund (IMF) and the World Bank Group warned Monday that fuel and fertiliser prices could remain elevated for an extended period even if normal shipping flows through the
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Bursa Malaysia ends lower as US Hormuz blockade plan rattles markets
KUALA LUMPUR, April 13 — Bursa Malaysia closed lower on Monday, tracking weaker regional market performance after Iran-United States talks ended in a stalemate, prompting Washington to proceed with plans to blockade the Strait of Hormuz and escalating geopolitical tensions.
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Oil prices spike past US$100 on Iran tensions, US blockade announcement
TOKYO, April 13 — The US oil benchmark rebounded above US$100 a barrel today after peace talks between the United States and Iran failed to make a breakthrough, and with US President Donald Trump ordering a blockade of Iranian ports. Shortly
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