Asian shares skid as oil tops $111 a barrel and Wall Street slumps - AP News

Asian shares skid as oil tops $111 a barrel and Wall Street slumps  AP News

Oil Prices Keep Climbing on Heightened Fears Over Energy Supplies

Attacks on major energy facilities in Iran and Qatar injected new uncertainty into the outlook for oil and gas prices.

By The New York Times

Oil Rises After Attacks on Middle East Energy Sites; Asian Stocks Fall - WSJ

Oil Rises After Attacks on Middle East Energy Sites; Asian Stocks Fall  WSJ

Bank of Japan postpones rate rise after Middle East war erupts

Jump in oil prices will increase inflationary pressures but weigh on economic activity

Plastics, aluminum, and microchips: What the closure of the Strait of Hormuz costs the world economy beyond oil and gas

The conflict in the Middle East is affecting the supply of critical materials for Asian industry, agriculture, and technology

By Laura Salces Acebes

Oil prices today: Crude climbs to $112 as Middle East energy hubs come under attack amid Iran war

Global oil prices and European natural gas surged Friday following strikes on Iran's energy infrastructure and retaliatory threats. Iran blamed the US and Israel, warning of attacks on key Gulf facilities, including Qatar's Ras Laffan LNG hub, which reported extensive damage. This escalation has halted ship traffic through the Strait of Hormuz, intensifying supply concerns and likely causing market volatility.

By TOI BUSINESS DESK

Fed holds key rate steady, projects 1 rate cut this year amid Iran war uncertainty

The US Federal Reserve on Wednesday held its benchmark interest rate steady for the second consecutive time and maintained its projection of one rate cut this year, as concerns grew over the economic impact of the ongoing US-Israeli war against Iran. During the two-day Federal Open Market Committee meeting, the central bank decided to leave the rate unchanged at the 3.5-3.75 percent range. The pause put the gap between the key rates of South Korea and the United States at up to 1.25 percentage p

By The Korea Herald

Four-day week, jackets off: The world starts cutting back on fuel amid supply concerns

As parts of Asia adopt fuel rationing measures, the Australian government insists it's not on the cards.

How Asia is responding to Middle East oil shock as Hormuz closure disrupts global supply - Saudi Gazette

How Asia is responding to Middle East oil shock as Hormuz closure disrupts global supply  Saudi Gazette

Asia pivots to coal as Middle East conflict chokes LNG supply - Qatar Tribune

Asia pivots to coal as Middle East conflict chokes LNG supply  Qatar Tribune

The Port of Dakar facing tensions in the Middle East: resilience tested by the maritime crisis - Seneweb

The Port of Dakar facing tensions in the Middle East: resilience tested by the maritime crisis  Seneweb