Oil Ticks Higher and Stocks Rise Ahead of U.S. Inflation Report
A temporary cease-fire in the war on Iran faces multiple hurdles and investors are watching the release of U. S. government data on inflation.
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South Korea appoints envoy to Iran to ensure safety of vessels in the region
South Korea appoints envoy to Iran to ensure safety of vessels in the region South Korea’s Foreign Ministry has chosen a new special envoy to Iran who will be headed towards Tehran shortly, according to the Yonhap News Agency. Chung Byung-ha will address the safety of vessels belong to the country amid their passage in the region. According to the official news agency, 26 vessels linked to Seoul remain stranded in the Strait of Hormuz due to Iranian restrictions.
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Six vessels pass through Hormuz Strait on Thursday
Six vessels pass through Hormuz Strait on Thursday A total of six ships passed through the Strait of Hormuz on Thursday, CBS News reported according to data compiled by the global ship tracking firm MarineTraffic. They included two oil, chemical or liquid gas tankers, three cargo ships and one bunkering tanker.
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"They better not be": Trump warns Iran on charging oil tankers going through Strait of Hormuz
Washington DC [US], April 10 (ANI): US President Donald Trump said there are reports that Iran is charging fees to tankers going through the Strait of Hormuz and warned Tehran against it. In a post on Truth Social, Trump said, 'There are reports that Iran is charging fees to tankers going through the Hormuz Strait -- They better not be and, if they are, they better stop now!
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Iran ‘doing a very poor job’ of allowing oil through Strait of Hormuz, Trump says
Iran ‘doing a very poor job’ of allowing oil through Strait of Hormuz, Trump says The US president has posted another statement on social media, criticising Iran’s approach to allowing oil through the Strait of Hormuz. “Iran is doing a very poor job, dishonourable some would say, of allowing oil to go through the Strait of Hormuz,” Trump said. “That is not the agreement we have!
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A truce for the world, a reckoning for Iran’s economy
The ceasefire in the US-Israeli war on Iran eased global oil markets and may finally reopen the Strait of Hormuz. But for Iran, the truce exposes an economic crisis the war had temporarily masked, with weaker fundamentals and fewer tools to respond.
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Mexico threatens to ditch US gas
The country has signaled a shift toward domestic fracking as global energy prices soar due to the war in the Middle East Mexico is looking to tap unconventional natural gas deposits to boost energy sovereignty, President Claudia Sheinbaum has said, as global energy markets reel from the shock trigge
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Why the world failed to bypass the Strait of Hormuz
In 2019, while working on the energy desk at Reuters, I began reporting on a question that has shadowed global oil markets for decades: what would happen if the Strait of Hormuz were closed?
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Oil prices could take a year to return to pre-Iran levels even if ceasefire holds, Australian experts warn
Analysts say uncertain stability of truce and major damage to infrastructure among many issues that will keep prices high for foreseeable future Get our breaking news email , free app or daily news podcast Global oil markets could take as long as a year to return to something like pre-Iran war normality even if the conflict ended tomorrow, leading experts warn. Hopes for an immediate restart of shipping through the strait of Hormuz have been dashed after Israel bombarded Lebanon shortly after the announcement of a two-week cease-fire between the US and Iran, with Iranian media reporting traffic through the strait had been halted in response. Continue reading...
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India's rice exports remain resilient amid West Asia conflict, aided by alternative routes, govt support
New Delhi [India], April 9 (ANI): India's Basmati rice export sector has remained resilient despite tensions in the West Asia region, with exporters saying the impact of the conflict has been far less severe than initially feared due to alternative supply routes and timely policy support from the government.
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Can Istanbul rival Dubai? Turkey looks to woo investors as Iran war reshapes region
Can Istanbul rival Dubai? Turkey looks to woo investors as Iran war reshapes region Submitted by Ragip Soylu on Thu, 04/09/2026 - 13:30 Turkish officials are offering incentives to Gulf firms unsettled by war, but many obstacles remain The financial and business district of Maslak in Istanbul, on 15 August 2018 (Ozan Kose/AFP) Off With the war on Iran exposing global centres of capital in the Gulf to risk, the Turkish government is looking for ways to lure investors and firms based in the United Arab Emirates to Turkey . A senior Turkish official recently told international investors that Ankara plans to extend tax incentives and other support to multinational companies, similar to those already offered at the Istanbul Financial Centre (IFC), according to sources who spoke to Middle East Eye.
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Iran to let no more than 15 vessels a day pass Strait of Hormuz
Iran to let no more than 15 vessels a day pass Strait of Hormuz Iran will allow no more than 15 vessels a day to pass through the Strait of Hormuz in restrictions imposed under the ceasefire deal with the US, according to Russia’s state TASS news agency, citing an unnamed senior Iranian source. About a fifth of world oil supplies pass through the Strait of Hormuz, which has largely been shut by Iran since the start of the war with the US and Israel began over a month ago, leading to a surge in global energy prices.
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BA to reduce Middle East flights when services resume in July
After suspending routes owing to Iran war, airline will operate more direct flights to India and Kenya Middle East crisis – live updates British Airways will offer a reduced flight schedule to the Middle East when it resumes services in July, and use the aircraft to operate more direct flights to India and Kenya. The airline has currently suspended services to the region because of the Iran war , and plans to resume flights to Saudi Arabia’s capital, Riyadh, in mid-May, as well as services to Dubai, Doha and Tel Aviv on 1 July. It is cutting its Dubai flights from three – a day to one daily flight, and reducing services to Doha, Tel Aviv and Riyadh from two to one a day.
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How the Strait of Hormuz Stifled a Market Rally
Questions about how freely ships can pass through the waterway have pushed up oil prices and weighed on stocks.
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Sensex, Nifty open lower amid fragile US-Iran ceasefire concerns
New Delhi [India], April 9 (ANI): Indian equity benchmarks opened lower on Thursday, tracking mixed cues from global markets amid renewed uncertainty around the fragile US-Iran ceasefire. The BSE Sensex stood at 77,154. 49 points at 9:17 am, marking a decline of 408.
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Airlines brace for months of pain despite Iran ceasefire
SINGAPORE/HONG KONG: A ceasefire between the United States and Iran has lifted market sentiment but is unlikely to ease the aviation industry's mounting fuel and operational pressures in the near term, industry executives said. Airline shares rallied after U. S.
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EU slams Hormuz toll idea, urges unrestricted freedom of navigation
EU slams Hormuz toll idea, urges unrestricted freedom of navigation The EU said Thursday that freedom of navigation in the Strait of Hormuz must be ensured with "no payment or toll whatsoever", after Iran suggested it could charge for letting ships through the vital Gulf waterway. "International law provides for the freedom of navigation, which means... basically no payment or toll whatsoever," European Commission spokesman Anouar El Anouni told a press conference in Brussels.
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EU aviation regulator extends warning to avoid Middle East airspace until 24 April
EU aviation regulator extends warning to avoid Middle East airspace until 24 April Europe's aviation safety regulator Easa on Thursday extended until 24 April its advisory to airlines to avoid the Middle Eastern and Gulf airspace, according to an updated bulletin on conflict zones. The advisory was previously valid until 10 April.
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Oil Prices Edge Higher as Confidence in Cease-Fire Wavers
Investors were in a more sober mood after sharp moves on the previous day.
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Italian prime minister suggests suspending EU spending rules over Iran war
Italian prime minister suggests suspending EU spending rules over Iran war Italian Prime Minister Giorgia Meloni said Thursday the European Union should consider temporarily suspending its strict spending rules if the Iran war and the resulting energy shock worsens. "If the Middle East crisis were to experience a new escalation, we should seriously consider the issue of a European response not dissimilar in the approach and tools to that deployed in response to the (Covid) pandemic," she told parliament. "In that case, we believe it should not be taboo to discuss a possible temporary suspension of the Stability and Growth Pact.
