The Western allies trying to negotiate a way to protect the Strait of Hormuz for energy shipping face a stark reality: a similar effort in the Red Sea that started years earlier cost billions of dollars and ultimately failed against Yemen's Houthis

Jet fuel prices have soared from $85-$90 per barrel to $150-$200 per barrel in recent days for an industry where fuel accounts for up to a quarter of operating expenses.

China’s leading state-owned banks are expected to recover this year from record-low profit margins as the repricing of ​nearly $8 trillion worth of maturing high-priced time deposits eases pressure on their funding costs.

A top US official in President Donald Trump’s government sought to reassure fears about the oil market Monday as war raged on in the Middle East, but industry leaders remain wary.

Vietnam’s national air carrier will suspend nearly two dozen domestic flights a week starting next month because of limited fuel supplies caused by the Mideast war, the nation’s aviation authority said.

Philippine President Ferdinand Marcos declared a state of “national energy emergency” on Tuesday, citing risks to the domestic fuel supply and energy stability created by the Middle East war.

Oil rose on Tuesday as the world’s ‌biggest supply disruption persisted and as Iran denied it had talks with the US to end the war in the Gulf, contradicting US President Donald Trump who said a deal could be reached soon.

India’s Reliance Industries, operator of the world’s biggest refining complex, has purchased 5 million ​barrels of Iranian crude, days after the US temporarily removed sanctions on ‌the oil, three sources familiar with the matter said on Tuesday.

The dollar regained some ground on Tuesday as investors remained sceptical of a swift ​resolution to the war in the Middle East, even though US President Donald Trump delayed the bombing of Iranian power stations and ‌energy infrastructure.

Business activity in the eurozone slowed in March after the war in the Middle East drove energy prices higher and disrupted global supply chains, a closely watched survey showed Tuesday.

Gold prices steadied on Tuesday after ​falling nearly 2 percent earlier in the session, as investors weighed conflicting signals on ‌a potential de-escalation in the US-Israeli war on Iran, and its impact on the outlook for inflation and interest rates.

The Bangladesh Association of Pharmaceutical Industries (BAPI) will organise two expos from March 29-31

Bangladesh is not directly involved in the Iran conflict, but its effects are already visible—from Dhaka’s upscale areas to rural petrol pumps.

The US "can potentially absorb more economic impacts than other parts of the world can absorb.

The authorization allows for the delivery and sale of Iranian crude oil and other petroleum products loaded onto ships before March 20, and will last through April 19, the Treasury said in a statement.

Traders also welcomed US President Donald Trump's remarks that Israeli forces would not target any more of Tehran's energy infrastructure, after strikes on a key gas field Wednesday sparked warnings of retaliation against installations across the Gulf.

Gold prices ticked down on Wednesday, as investors weighed the ‌risk of a more hawkish US Federal Reserve policy stance, with high oil prices increasing concerns over renewed inflation pressures.

In a bid to secure supply, the government has confirmed the purchase of seven LNG cargoes from the spot market since the beginning of the US-Israel war on Iran

Iran continues to halt almost all shipping through the Strait of Hormuz, the chokepoint that carries about 20 percent of global oil and liquefied natural gas supplies.

US ​national average retail gasoline prices have climbed about ​84 ⁠cents a gallon since the US and Israel attacked Iran