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President Donald Trump has reiterated his 48-hour ultimatum to Iran to reopen the Strait of Hormuz, threatening to 'obliterate' its power plants and energy infrastructure. Tehran has warned it will respond with attacks on U.S. and Israeli energy targets if its facilities are targeted and stated the strait is open to all except "enemy" ships.
Global stock markets, including Dow, S&P 500, and Nasdaq futures, are continuing a four-week downward spiral, with declines intensifying as President Trump and Iran exchange escalating threats, driving up oil prices and impacting market stability. Analysts are bracing for a potentially difficult Monday market opening as Trump's deadline against Iran approaches.
US President Donald Trump has issued a 48-hour ultimatum to Iran regarding the Strait of Hormuz, threatening to attack its power plants and decimate energy infrastructure if the strait is not reopened. This has led to a rise in oil prices and warnings from Israel of prolonged conflict.
Oil prices are expected to rise further due to escalating conflict in the Middle East, leading analysts to weigh the impact of surging gasoline prices on inflation and consumers, with diesel notably becoming more expensive than gasoline.
The Philippine government is expanding subsidy assistance to public utility vehicle drivers outside the National Capital Region, who are affected by rising fuel prices linked to the Middle East conflict.
The CEO of Saudi Aramco has pulled out of an international energy conference, with sources indicating the withdrawal is due to the ongoing Iran conflict and the challenges it poses.
The construction sector has warned that the surge in oil prices could "further accelerate cost increases" for the industry.
Tourism operators in New Zealand are experiencing cancellations from UK and European visitors due to flight disruptions caused by the ongoing Middle East conflict.
Analysts are closely monitoring four major factors in the stock market this week, with the ongoing Iran war and its impact on rising oil prices identified as central concerns for investors.
The war in the Middle East has driven up operating cost for Thai Airways International (THAI), with jet fuel prices rising by more than twofold, forcing the national carrier to increase average…
Rising fuel costs linked to the Middle East conflict are driving up consumer prices, with traders warning of mounting pressure on both businesses and households.
The global economy continues to grapple with severe challenges from the ongoing Iran war, leading to rising energy costs, cautious investor sentiment, and inflation fears, with natural gas markets now seen as a bigger problem than oil, and markets bracing for new shocks, while gold and stock markets show unexpected responses.
Global markets are experiencing significant turbulence as oil prices surge due to the ongoing Middle East crisis, with Asia-Pacific markets, including Tokyo's Nikkei average, seeing sharp declines amid escalating US-Iran tensions and concerns over prolonged oil supply disruptions.
President Donald Trump's 48-hour ultimatum to Iran to reopen the Strait of Hormuz has intensified, with French President Emmanuel Macron joining Spain in calling for freedom of navigation and a moratorium on energy, amid fears of a global energy crisis and escalating US-Israeli aggression against Iran.
President Donald Trump has issued a 48-hour ultimatum to Iran to reopen the Strait of Hormuz, threatening to attack power plants if demands are not met. This escalation of threats between Trump and Iran has led to rising oil prices and falling stock futures.
The Philippine House of Representatives has passed 18 priority measures, including legislation aimed at lowering fuel prices and converting residential waste into energy, ahead of its Holy Week adjournment.
The Nigerian Exchange (NGX) saw a massive surge with 8.761bn shares traded in a shortened week, driven by the ICT sector’s record-breaking activity. Read More:…
The construction sector has issued a warning that the significant surge in oil prices could lead to a further acceleration of cost increases for the industry, raising concerns about economic impact.
‘Crippling shortages’ of energy are affecting work habits, education, and even funerals
Analysts are closely watching the stock market this week, with the ongoing Iran war and its impact on rising oil prices identified as key factors influencing market trends.
Leaders Keir Starmer and Donald Trump have reportedly discussed the critical need to reopen the Hormuz Strait, agreeing that ensuring the shipping lane's accessibility is vital for global energy market stability.
Thailand is experiencing widespread fuel panic with long queues and dry pumps, raising public concern over energy reserves, while the government has deployed measures including price caps to ensure energy security and ease the cost of living.
Following President Trump's ultimatum, Iran has reiterated its threat to target Gulf energy and water infrastructure if the U.S. strikes its power grid, escalating the ongoing conflict.
Following President Trump's ultimatum, Iran has intensified its threats, specifically targeting Gulf energy sites, including critical desalination plants and energy production stations, and now explicitly includes water infrastructure in its retaliation warnings.
The escalating Middle East war has triggered a significant global oil shock, with WTI crude oil prices hitting $100 per barrel for the first time since 2022, fueled by concerns over supply disruptions following warnings from the US President regarding the Strait of Hormuz and Iran's response.
Oil prices are increasing due to the ongoing Middle East crisis, with concerns about potential retaliatory strikes on energy facilities further rattling markets, leading to diesel becoming more expensive than gasoline as of March 23, 2026.
The Energy Regulatory Commission (ERC) announced that electricity rates in the Philippines are projected to increase in April, primarily attributed to the ongoing Middle East conflict and the depreciation of the peso against the dollar.
Asia-Pacific markets are set to fall as investors react to escalating tensions in the Middle East, following threats of increased military hostilities between the U.S. and Iran.
DOE warns fuel supply risk may be worse than rising prices amid Middle East tensions.
Republicans are largely on the defensive against Democratic criticism regarding the surge in gas prices, with figures from both parties advancing various arguments on the issue.
Amid spikes in global crude oil and gas prices, the government has deployed several measures including price caps to ensure energy security and ease the cost of living.
Rising fuel costs linked to the Middle East conflict are driving up consumer prices in Thailand, prompting warnings from traders and shoppers about increasing pressure on households and businesses.
Long queues at petrol stations and "out of fuel" signs for diesel across Thailand have sparked public concern over the past week regarding the country's capacity to manage its energy reserves.