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Oil Surges Above $79 as New US-Iran Strikes Fuel Market Jitters and Inflation Concerns

Business Staff Writer -
Fuel-Importing Economies Brace for Rising Costs as Oil Prices Climb. Global oil prices jumped more than 4 per cent on Monday after the United States...

ADNOC L&S expands fleet with $900 million order for four LNG carriers

Business Staff Writer -
Four 175,000-cubic-metre LNG carriers to join ADNOC L&S fleet in 2029. Dubai: ADNOC Logistics and Services has placed an order for four new liquefied natural...

Oil prices climb as Middle East tensions flare again, though Fed expects easing ahead

Business Staff Writer -
Geopolitical tensions push crude higher, but Fed expects supply strength to limit gains. Oil prices moved higher in Asian trading on Friday as renewed fighting...

Ship traffic through Strait of Hormuz plunges amid renewed US-Iran clashes, disrupting global shipping.

Business Staff Writer -
Renewed US-Iran clashes disrupt vital oil corridor, rattling global shipping markets. Marine tracking firms have reported a steep decline in commercial shipping activity through the...

Oil rallies more than 3% as Strait of Hormuz fears intensify after Iran attacks

Business Staff Writer -
Traders brace for possible export disruptions as tensions escalate around the Strait of Hormuz. Oil prices surged in early Asian trading on Wednesday after renewed...
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