A fragile, two-month-old ceasefire between the United States and Iran neared the brink of collapse over the weekend. Both nations traded heavy military strikes while diplomats attempted to negotiate a permanent end to the war. The latest escalation has rippled across the region, pulling in neighbouring Gulf states and sending global energy markets into a…
BEIJING: Oil prices rose more than 2% on Monday after Iran and the U.S. traded strikes and Israel ordered troops to move further into Lebanon in the battle with the Tehran-backed Hezbollah militant group. U.S. crude futures rose $2.29 or 2.62% to $89.65 a barrel as of 0436 GMT. Brent futures rose $2.05 or 2.25%…
As Israel-US-Iran conflict continues to disrupt the freight movement in the Strait of Hormuz, a free trade agreement with Oman – the India–Oman Comprehensive Economic Partnership Agreement (CEPA) that comes into force today- may prove to be more than a bilateral trade relationship. The importance of the agreement lies in Oman’s location, observes Delhi based…
(June 1): The US and Iran traded messages over the weekend seeking changes to a draft agreement that would extend a ceasefire and open the Strait of Hormuz, but it was unclear whether the sides were making much progress. As the diplomatic exchanges continued, Israel expanded its ground assault in Lebanon, shattering a brittle truce…
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…
