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Crude oil spikes, Brent near $100 as US announces indefinite extension of ceasefire with Iran
Crude oil futures spiked early on Wednesday, with Brent jumping 3.14% to $98.48 per barrel and West Texas Intermediate (WTI) rising 1.1% $90.66 as of 8.58 am Tokyo time on Wednesday (April 22, 2026).The rise is US crude oil futures coincides with Washington’s announcement of an indefinite extension of the ceasefire with Iran.WTI crude futures rose to as high as US$90.70 per barrel and were trading up 59 cents, or 0.7 percent, at $90.26.
Crypto Whale Li Moves 20-Strong Trading Team to Tap Asia’s Rich
Crypto tycoon Li Lin is moving an entire trading team of about 20 people from his single-family office to Bitfire Group Holdings Ltd., a wealth manager in which he owns a 30% stake, to help the firm tap more private banking clients.
Rising fuel costs in Indonesia spark concern about tighter supplies, subsidy strain
Indonesia’s increase in prices for some non-subsidised fuel products could push more households towards subsidised fuel grades, economists have warned, raising the risk of tighter supplies and added pressure on a state budget already trying to contain politically sensitive energy costs. The move by state energy company Pertamina underscores the government’s balancing act: allowing market-priced fuels to rise with global crude costs while shielding subsidised products used by lower-income...
China’s shipyards secure wave of oil tanker orders as Iran war drives demand
China’s shipyards are emerging as beneficiaries from the US-Israeli war on Iran, securing new orders as crude transport bottlenecks worsen and global demand for large oil tankers rises. With the United States and Iran effectively blockading the Strait of Hormuz – a chokepoint that handles about a quarter of the world’s seaborne oil – shipping companies are racing to expand capacity, particularly in very large crude carriers (VLCCs) capable of transporting about 2 million barrels of oil per...
Takeaway coffee sales plunge as fuel and living costs dent Australian spending. Is the economy next?
The trend has been accelerated by the US-Israel war on Iran, leaving households – and cafe owners – glum, surveys suggestFollow our Australia news live blog for latest updatesGet our breaking news email, free app or daily news podcastFor many coffee drinkers, takeaway orders are changing from a habitual purchase to an occasional treat, as elevated petrol prices and other living costs leave households feeling glum.This rapid shift in behaviour has disappointed cafe owners and surprised economists...
Condom prices could rise 30% due to Iran war, says world’s top producer Karex
Karex produces more than 5 billion condoms annually and is a supplier to leading brands like Durex and Trojan, as well as the NHS The world’s top condom producer, Malaysia’s Karex Bhd, plans to raise prices by 20% to 30% and possibly further if supply chain disruptions drag on due to the Iran war, its chief executive has said.Karex is also seeing a surge in condom demand as rising freight costs and shipping delays have left many of its customers with lower stockpiles than usual, CEO Goh Miah Kia...
Anthony Albanese announces four cargoes carrying 200million litres of diesel will soon arrive in Australia
Anthony Albanese announces four cargoes carrying 200 million litres of diesel will soon arrive in AustraliaBy MAISY RAE Published: 00:19, 22 April 2026 | Updated: 00:26, 22 April 2026 e-mail 3 View comments
Gates Foundation plans to cut up to 500 jobs while undergoing review of Jeffrey Epstein ties
The Gates Foundation plans to cut up to 500 jobs, or about 20% of its staff, in the coming years as part of a long-term restructuring, as the foundation also undergoes an external review of its ties to the late financier Jeffrey Epstein.Following a Wall Street Journal report that a memo was sent to employees Tuesday, a Gates Foundation spokesperson told Fox News Digital the review was first announced in a foundation-wide email last month and was agreed upon by the board and Bill Gates. The found...
Britain 'more vulnerable' than other countries to war as conflict threatens to blow £16bn hole in Reeves Budge
Britain 'more vulnerable' than other countries to war as conflict threatens to blow £16bn hole in Reeves BudgeBy JOHN-PAUL FORD ROJAS, DEPUTY BUSINESS EDITOR Updated: 00:01, 22 April 2026 e-mail 7 View comments
UK inflation set to rise after Middle East conflict pushed up fuel prices
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Bonus ban for failing fat cat energy bosses under new shake-up of watchdog Ofgem
Bonus ban for failing fat cat energy bosses under new shake-up of watchdog OfgemEnergy chiefs could be barred from receiving payouts under new powers being handed to the industry regulator in moves design to better protect customersCommentsMoneyGraham Hiscott Business and Consumer Editor00:01, 22 Apr 2026View 2 ImagesEnergy executives found to have caused frustrated bill payers significant harm could be blocked from receiving bonus rewards(Image: Natalia Gdovskaia via Getty Images)Energy firms w...
Just 36% of young people believe life will be better than parents’, poll finds
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McDonald’s UK boss says ‘hard to do business’ but will keep investing in workers
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Court upholds Texas law requiring Ten Commandments in classrooms
Local News Federal appeals court upholds Texas law requiring Ten Commandments in classrooms By S.E. Jenkins S.E. Jenkins Digital Content Producer, CBS Texas S.E. Jenkins is a digital content producer for CBS Texas and the South region. Read Full Bio S.E. Jenkins Updated on: April 21, 2026 / 8:56 PM EDT / CBS Texas Add CBS News on Google The Texas law requiring public schools to display the Ten Commandments in each classroom has been upheld by the Fifth Circuit Court of Appeals, according to an o...
Key moments at Kevin Warsh's confirmation hearing for Fed chair
Kevin Warsh, President Trump's nominee to replace outgoing Federal Reserve Chair Jerome Powell, faced tense questioning from senators at his confirmation hearing on Tuesday. Here are some of the most notable exchanges.
'Deluded' Reeves insists she has the right plan despite 250,000 job losses among under-35s and living standards falling even before Iran war
'Deluded' Reeves insists she has the right plan despite 250,000 job losses among under-35s and living standards falling even before Iran warBy JOHN-PAUL FORD ROJAS, DEPUTY BUSINESS EDITOR and EMILY HAWKINS Updated: 23:15, 21 April 2026 e-mail 18 View comments
Hotpot, bubble tea and sportswear: China's new exports take on the world
Hotpot, bubble tea and sportswear: China's new exports take on the worldJust nowShareSaveAdd as preferred on GoogleSuranjana TewariAsia Business Correspondent, SingaporeGetty ImagesMixue has more outlets than McDonald's and StarbucksStep into pretty much any shopping mall in Singapore and you're likely to find queues snaking outside shops with catchy names and bright-coloured branding. Chinese brands like Chagee, Molly Tea and Mixue are drawing crowds – not just in Asia, but incre...
Oil Traders Say Billion-Barrel Hole Will Linger Long After War
The impact of the Iran war will continue for months even after any deal to restore shipping through the Strait of Hormuz, the world’s largest oil traders have warned. Some said flows through the waterway may never return to normal. Speaking at the FT Commodities Global Summit in Lausanne, executives at some of the world’s largest oil traders warned that the rewiring of the oil market would take months even if a peace deal is agreed soon. The market is not fully reflecting the impact of the massi...
Hormuz shock: Middle East war may redraw global energy routes — IEA
The Middle East conflict and the disruption around the Strait of Hormuz are shaking confidence in the world’s most important oil chokepoint, according to International Energy Agency chief Fatih Birol. He warned that even if the waterway reopens quickly, the oil market will not simply snap back to normal, because restoring output, shipping flows and investment will take time.Why it mattersThe Strait of Hormuz handles a huge share of seaborne crude and fuels, so any prolonged disruption can ripple...
Trump’s approval rating on economy drops amid inflation and Iran conflict
NewsWorldAmericasUS politicsTrump’s approval rating on economy drops amid inflation and Iran conflictEven within his own party, confidence in his leadership appears to be waningJosh Boak, Jesse Bedayn & Linley SanderTuesday 21 April 2026 23:02 BSTBookmarkCommentsGo to commentsBookmark popoverRemoved from bookmarksClose popover{"translations":{"comments":"Go to comments","share":"Share","copyLink":"Copy link","bookmark":"Bookmark","removeBookmark":"Remove bookmark"},"showComments":true,"showBookm...