Published Mon, Jun 1, 2026 · 08:09 AM [BEIJING] Oil prices rose more than 2 per cent in early trading on Monday (Jun 1) after Israel ordered troops to move further into Lebanon in the battle with the Iranian-backed Hizbollah militant group, despite a ceasefire announced more than six weeks ago. US crude futures rose…
In a joint statement released after a meeting on Thursday, leaders of the International Energy Agency, International Monetary Fund, World Bank, and World Trade Organization said that while the global economy remains broadly resilient, the conflict is creating disproportionate pressure on poorer nations through rising fuel and fertilizer prices, heightened uncertainty, and potential job losses….
Israel’s Economy, Agriculture, and Transport ministries, together with the Shipping and Ports Authority, are seeking to block the proposed sale of ZIM to Hapag-Lloyd and the FIMI fund, arguing that the transaction could undermine national security, maritime independence, and the country’s ability to maintain critical supply chains during emergencies, Calcalist reported. The opposition centers on…
Iranian authorities say nearly 30 vessels successfully navigated the Strait of Hormuz in a single day, a development that is drawing significant attention from governments, energy traders, shipping companies, and international markets closely watching one of the world’s most important maritime corridors. The reported movement of ships through the strategic waterway comes amid heightened…
Israel’s military says it is expanding into additional areas in southern Lebanon, after ground troops crossed the river Litani. Ahead of the troops’ move, the Israeli air force conducted extensive strikes against Hezbollah targets north of the river. The military also announced that one of its soldiers was killed in a drone attack by Hezbollah….
The oil market might face a new reality after the Iran war in which exports through the Strait of Hormuz do not return to the levels once considered normal, as shipowners now have to weigh the risk that fighting could abruptly break out in the volatile Persian Gulf. And Western commercial ships will likely hesitate…
The past week has seen aggressive layoffs in Israel’s tech industry. The latest to join the trend are Amdocs, which will shed 10% of its global workforce, among them probably hundreds of employees in Israel, and cybersecurity company SentinelOne, which according to “Globes” sources will lay off about 250 people, again about 10% of the…
(MENAFN) Israeli Prime Minister Benjamin Netanyahu said Thursday that rising concerns over the Strait of Hormuz may encourage countries to seek alternative energy transportation routes, potentially creating new opportunities for Israel to serve as a link to the Mediterranean. Speaking during an event in the Jordan Valley, Netanyahu argued that major powers have historically responded…
2026-05-30T15:07:05+00:00 font Enable Reading Mode A- A A+ Shafaq News- Beirut Hezbollah launched rockets, artillery rounds, and attack drones at Israeli military positions and towns in northern Israel throughout Saturday, while Israel intensified airstrikes across southern Lebanon and parts of the Beqaa Valley —even as military delegations from both countries held direct talks at the…
Pakistan has faced the challenges of volatile global energy markets for a long time, which have hampered the country´s capacity to develop economically and ensure energy security. Due to the disastrous Iran-US conflict and the effective closure of the Strait of Hormuz, Pakistan’s long-standing weakness has become a strategic advantage. This presents a once-in-a-lifetime chance…
