Iran has restored operational access to 30 of 33 missile launch sites along the Strait of Hormuz and retained nearly 70 per cent of its pre-war missile arsenal, potentially resetting a nearly three-month war with the United States and a naval stand-off for control of a maritime chokepoint that ships 20 per cent of the…
Chinese refinery processed 2.2% less crude last month, at an average daily of 14.52 million barrels daily amid the war-related squeeze on oil supply. Fuel output was also down, with gasoline shedding 2.95% to 13.51 million tons and kerosene production falling by 3.72% to 5.13 million tons. Diesel fuel production was up modestly, by 0.88%17.49…
Since the start of the Middle East war, China has been reselling record volumes of LNG to other Asian buyers as its own demand has been tepid and stocks and gas supplies sufficient. In March alone, China resold up to 10 cargoes of LNG—a record-high for any month ever, according to data from energy analytics…
New York : The supply shockwaves from the US and Israel’s war in Iran are spreading across the global economy, raising concerns about an inflation hit to companies and consumers that will require policymakers to raise borrowing costs. The release of the film ‘Toxic’, starring Yash, has been postponed to June for fear of missing…
Riyadh: Saudi Arabia’s oil giant Aramco’s SAMREF refinery in the Red Sea port of Yanbu has been hit in an aerial strike after similar attacks on energy facilities in Qatar and the UAE in response to US-Israeli attacks on Iranian energy installations, according to a report by the news agency Reuters. The key energy facility…
Last Updated:March 16, 2026, 14:35 IST Trump has also called on nations, including China, to send warships to escort vessels in Strait of Hormuz. The Strait of Hormuz has been virtually shut due to the West Asia conflict. (Representational image: AFP) Hours after US President Donald Trump urged countries including China to help the United…
South Korean shares sank more than 10% on Wednesday, wiping off $430 billion in value just this week, after the won currency hit a 17-year low on a widening Middle East war, prompting heavy selling in a market that had been the world’s hottest. A dealer walks past near a screen showing the foreign exchange…
In a United Nations Security Council meeting on Wednesday (August 27), UK Ambassador to the UN, Barbara Woodward, described the famine in Gaza City as “entirely man-made” and a “moral outrage.” She called on Israel to promptly lift its restrictions on aid to the region. Gaza City and surrounding areas are officially suffering from famine,…