Taiwan airlines to raise international fuel surcharges by 157 percent on April 7
Taiwanese carriers are lifting international fuel surcharges sharply as the Middle East conflict pushes up oil prices and raises operating costs.
Read report »Business
397 reports.
U.S. Gas Prices Top $4 as Iran War Pushes Fuel Costs Higher
The national average for regular gasoline reached $4.02 a gallon, its highest level since 2022, as the Iran war kept oil markets tight and disrupted supply.
Read report »
Global Markets Surge as U.S.-Iran Peace Signals Emerge
Equity markets rallied sharply on Tuesday following reports that both Washington and Tehran may be nearing a conclusion to their month-long military engagement.
Read report »
U.S. oil settles above $100 as Middle East conflict drives market spike
U.S. crude has closed above $100 a barrel for the first time since 2022 after the latest escalation in the Middle East rattled energy markets.
Read report »
FCA proposes £9.1bn redress scheme for mis-sold motor finance
Britain’s regulator says more than 12 million motor finance agreements could qualify for compensation, with average payouts estimated at about £829.
Read report »
Brent crude tops $116 as Iran war pushes oil markets to new highs
Brent crude passed $116 a barrel on March 30 as the conflict with Iran deepened and U.S. forces were reinforced in the Middle East.
Read report »
US appeals court overturns $16.1 billion Argentina YPF judgment
A New York appeals court has reversed a $16.1 billion award against Argentina in the long-running YPF nationalization case, saying the shareholders’ breach-of-contract claims do not stand under Argentine law.
Read report »Brent crude tops $110 as Iran restricts Strait of Hormuz traffic
Oil reached $111.41 a barrel after Iranian forces said they had turned back container ships and barred traffic linked to enemy ports.
Read report »
Mauritius and South Sudan curb power use as fuel shock spreads across Africa
South Sudan has begun rotational power cuts in Juba and Mauritius says it is restricting electricity use after a fuel supply shock tied to the Iran war.
Read report »
Cosco resumes some Gulf bookings as Iran grants safe passage to non-hostile ships
The Chinese shipping giant is restarting some container bookings to Gulf destinations after a pause, though the move is limited and tied to a volatile security situation.
Read report »Dubai gold prices rebound after 15-day slide as buyers react to diplomacy hopes
Gold prices in Dubai rose sharply on March 25 after a 15-day decline, with the move linked to expectations around possible diplomacy on the Iran war.
Read report »
BMW recalls nearly 180,000 vehicles in China over air-conditioning wiring fire risk
China’s market regulator says a wiring fault in certain BMW models could cause short circuits and fires, prompting a major recall across domestically made and imported vehicles.
Read report »
QatarEnergy declares force majeure on some LNG contracts after Iran war disruptions
QatarEnergy has invoked force majeure on some long-term LNG contracts after disruptions linked to the war on Iran and damage to its gas infrastructure.
Read report »
EU and Australia seal free trade deal after eight years of talks
The agreement comes with a new defense partnership and sets out tariff changes for wine, seafood, horticulture and red meat.
Read report »
Slovenia caps daily fuel purchases as cross-border demand strains supplies
The country has become the first EU member state to ration fuel, limiting private motorists to 50 litres a day and tightening controls on retailers.
Read report »
U.S. awards contracts for first 45.2 million barrels from strategic reserve loan program
The U.S. Energy Department has awarded contracts for the first batch of oil loans from the Strategic Petroleum Reserve, moving 45.2 million barrels under a wider market-stabilisation plan.
Read report »
U.S. Temporarily Loosens Sanctions on Iranian Oil at Sea to Ease Price Pressure
Treasury Secretary Scott Bessent said the waiver could bring about 140 million barrels to market as Washington tries to calm surging energy prices.
Read report »
US jury finds Musk liable for two misleading Twitter deal posts
Jurors rejected part of the shareholder case but found two May 2022 tweets violated securities rules during Elon Musk's $44 billion takeover.
Read report »
KLM keeps Gulf route suspensions in place until May 17 amid safety concerns
KLM is extending cancellations on flights to Dammam, Dubai and Riyadh, joining a broader wave of airlines that are keeping Gulf operations suspended during the Iran war.
Read report »
Aramco restarts Ras Tanura after precautionary shutdown following drone strike
The Kingdom's largest refinery was back online after a shutdown described as a precaution after a drone strike.
Read report »
Sri Lanka orders four-day week as fuel shortages tighten across South Asia
Authorities are trying to conserve shrinking stocks as the Strait of Hormuz crisis leaves the island with weeks, not months, of breathing room.
Read report »
Lufthansa pilot union calls 48-hour strike over pensions, threatening major German flight disruption
The cockpit union’s sudden strike call covers all Lufthansa departures from German airports on Thursday and Friday, forcing the airline into a reduced schedule.
Read report »![Sujet : Télégraphe Monde Échelle(s) : [Echelle non mentionnée] Couverture : Monde Langue : anglais Éditeur : At the Hydrographic Office (Washington)](/media/articles/commons-cc94d0b48f8d.avif)
US eases sanctions on Russian oil cargoes already at sea
Washington has issued a temporary licence allowing certain Russian oil shipments loaded before March 12 to be delivered and sold until April 11.
Read report »
Dow Jones Industrial Average and S&P 500 rises after United States president Donald Trump says that the war
A dated account of the business development, based strictly on reporting from CNBC and Semafor.
Read report »