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Oil holds above US$100, stocks fall as Hormuz threat rattles global markets
HONG KONG, March 13 — Oil prices held gains above US$100 (RM393) today and most equity markets dropped after Iran’s leader called for the blocking of the crucial Strait of Hormuz and the opening up of new fronts in the
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Malaysia’s strong 2025 growth to sustain economic momentum this year, says Amir Hamzah
KUALA LUMPUR, March 13 — Malaysia’s impressive economic performance in 2025 is expected to continue driving the country’s economic momentum this year, despite global uncertainties and geopolitical challenges. Finance Minister II Datuk Seri Amir Hamzah Azizan said last year’s growth,
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Malaysia Aviation Group monitoring airfares and fuel surcharges as oil climbs above US$100
KUALA LUMPUR, March 13 — Malaysia Aviation Group (MAG) said the airlines under its portfolio are continuously reviewing airfares and fuel surcharges in response to prevailing market conditions. “The group remains committed to balancing cost management while maintaining reliable and
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US opens unfair trade practices probe of 60 countries over forced labour
WASHINGTON, March 13 — The US Trade Representative’s office said late yesterday it had begun Section 301 unfair trade practices probes of 60 economies in relation to what it called failures to take action on forced labour. President Donald Trump’s
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Qantas to pay RM292m to customers for cancelled Covid flights
SYDNEY, March 13 — Australia’s Qantas Airways said today it would pay out AU$105 million (RM292 million) to settle a class action alleging it misled customers and failed to provide ticket refunds for flights cancelled during the Covid pandemic. The
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US temporarily allows sale of some Russian oil to steady global energy supply
WASHINGTON, March 13 — The United States is temporarily allowing the sale of Russian oil that is at sea, the Treasury Department said yesterday, as energy prices soared after US-Israeli strikes on Iran plunged the Middle East into war. The
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Energy shock ripples through markets as oil breaks US$100
NEW YORK, March 13 — Oil prices jumped yesterday with Brent crude settling above US$100 (RM393) a barrel for the first time since August 2022, as Iran vowed to make the United States regret launching its war against the country.
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Brent stays above US$100, Asia stocks fall
TOKYO, March 13 — Brent crude inched further above US$100 (RM393) a barrel and stocks fell in early Asian trade today, after Iran vowed to attack oil resources in the Middle East and keep choking the Strait of Hormuz. Having
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South Korea caps refinery fuel prices amid Middle East conflict
SEOUL, March 12 — South Korea said today that a fuel price cap would take effect from midnight to mitigate pressure on the country’s energy supply during the Iran war. The country is heavily reliant on energy imports, including shipments through
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Oil breaks US$100 as Iran strikes tankers, Bahrain fuel tanks, Oman port
HONG KONG, March 12 — Oil soared above US$100 (RM392) and stocks sank Thursday as Iran’s fresh attempts to hit supplies in the Middle East and threats to bring down the global economy overshadowed a record release of strategic crude
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