3 min readUpdated: Sep 8, 2026 05:02 PM IST Yemen’s Iran-aligned Houthis attacked targets in southern Saudi Arabia Tuesday, wounding at least 73 people and disrupting operations at some energy facilities, including Aramco, as the latest escalation raised fears that the Iran conflict could widen into a broader regional war. At least 73 people were…
News world Iran And Oman Strike Landmark Deal To Secure Strait Of Hormuz—But Full Reopening Still Hinges On US Actions Last Updated:August 16, 2026, 05:34 IST Iranian officials emphasise that mapping shipping routes does not mean the narrow waterway will immediately reopen to unrestricted global traffic Tehran maintains that restoring full commercial navigation remains contingent…
HK Electric has announced a nearly 34 per cent rise in its fuel charge, after a double-digit increase last month, as the war in the Middle East contributed to a “significant rise” in global fuel prices. The utility, which mainly serves Hong Kong Island and Lamma Island, also warned on Thursday that the charge was…
HK Electric customers are set to fork out more for their energy bills next month after the Hong Kong firm announced a 20.4 per cent rise in its fuel surcharge as the ongoing war in the Middle East contributed to volatile oil prices. The energy provider, which mainly serves Hong Kong Island and Lamma Island,…
Operating costs for Hong Kong’s industrial and commercial sectors have jumped by 50 per cent since the start of the United States-Israel war with Iran, according to an oil industry representative, who has said distributors will pass on subsidies to customers. A taxi union leader on Thursday also called on the government to extend its…
In this undated photo, pedestrians walk past MTR Corp signage displayed at Tung Chung station in the Tung Chung district of Hong Kong. (PHOTO / BLOOMBERG) MTR Corp Ltd began marketing its first-ever Hong Kong dollar public bond offering on Tuesday, adding to an uptick of borrowing in the local currency debt market. The Hong…
The cumulative global impact of seven weeks of war in the Middle East will begin to emerge in the coming week, in a second round of business surveys from multiple countries. Whether the twin blows affecting growth and inflation seen in purchasing manager indexes after the first month of the Iran conflict intensified during month…
NEW YORK, – Foreign investors bought fewer two-, five-, and seven-year U.S. Treasury notes at last month’s auction than in February, as conflict raged in the Middle East, data from the U.S. Treasury Department released on Wednesday showed. Foreign buyers purchased $6.024 billion of the latest two-year notes in March, about half the $13.190 billion…
A Hong Kong car owner has lost HK$500,000 (US$63,800) to scammers posing as petrol company staff who exploited surging fuel prices by offering bogus top-up deals for membership cards, police have said. The victim received unsolicited WhatsApp messages from fraudsters claiming to represent a fuel company, according to a post on the force’s CyberDefender Facebook…
BEIJING: Several Chinese airlines, including national carrier Air China, said they will raise their fuel surcharges on domestic flights from Sunday as the war in the Middle East drives up oil prices globally.Air China, China Southern and its subsidiary Xiamen Airlines said in statements that they will increase surcharges on flights of up to 800…