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Russian stocks down as main trading session opens
The yuan exchange rate was down by 8.45 kopecks at 11.416 rubles
Russia’s Key Black Sea Oil Terminal on Fire, NASA Data Show
Russia’s key Black Sea oil terminal caught fire following an overnight drone attack, according to satellite images from NASA.
Saudi Aramco raises May oil prices for Asia to record high — Bloomberg
This refers to the flagship Arab Light grade, according to the source
Charity 'feels the pinch' of higher energy prices
Charity 'feels the pinch' of higher energy pricesJust nowShareSaveAdd as preferred on GoogleLeigh MilnerLondonBBCShane Dorsett, from The Felix Project, says the charity is feeling the effects of higher energy and fuel prices because of the conflict in the Middle East"We have big chillers that hold all of our chilled and frozen food across the city, where we'll see increased prices. We will feel a pinch and so will our charity partners downstream."Shane Dorsett, chief ope...
Skorlupa uncrewed boat project conceived as production model — Ushkuynik
In February, Ushkuynik reported successful tests of the Skorlupa as a carrier for an FPV fiber-optic drone in the Black Sea
New Trump Deadline Looms as Ceasefire Push Keeps Markets on Edge
US allies are reportedly pressing for a last-minute deal with Iran, as President Donald Trump extended his deadline to Tuesday for Tehran to reopen the Strait of Hormuz, keeping markets on edge over whether a breakthrough can be reached.
Major Fertilizer Buyer India Issues Tender as War Hits Supply
India, the world’s largest urea importer, is seeking to buy about 2.5 million tons of the key crop nutrient ahead of the monsoon sowing season as the Middle East conflict disrupts domestic production, tightening availability.
EU’s move to abandon Russian energy signals 'tough times' for Europe — Russian envoy
Kirill Dmitriev also commented on an Economist article about new energy deals between Russia and Asian countries in Asia being "a telling marker" of the West’s failure to isolate Moscow
Barito Renewables Hits Two-Year Low on Shareholding Concerns
Shares of PT Barito Renewables Energy tumbled Monday to their lowest in more than two years after the Indonesian stock exchange flagged the company for having a highly concentrated shareholder base.
Iraq Tells Buyers to Collect Crude as Its Oil Can Cross Hormuz
Iraq has told Asian traders and refiners they can load its crude as vessels carrying the country’s oil are now able to transit the Strait of Hormuz thanks to an Iranian exemption, testing buyers’ confidence in the security guarantee.
Gold price increases by Rs1,100 in local market
Gold prices surged on Monday, the first trading day of the week, in both international and local markets, while silver prices declined. According to the All-Pakistan Gems and Jewellers Sarafa Association (APGJSA), gold per tola increased by Rs 1,100 to Rs 491,462, while the price per 10 grams rose by Rs 943 to Rs 421,349. "Silver prices fell, with the per tola rate dropping by Rs 50 to Rs 7,744 and the 10-gram price decreasing by Rs 43 to Rs 6,639," it said. Read: Gold, silver...
Ships With Qatar LNG Attempt First Hormuz Exit Since War Started
Two tankers carrying liquefied natural gas from Qatar appear to be heading toward the Strait of Hormuz, and an exit from the Persian Gulf would mark the first export to buyers outside of the region since the war started.
Rupee Extends Rally After Biggest Surge in 12 Years on RBI Moves
The Indian rupee climbed, extending its biggest rally in 12 years after the central bank doubled down on curbing speculation against the local currency.
Moscow Exchange Index falls as morning trading session opens
By 7:10 a.m. Moscow time, the Moscow Exchange Index had fallen to 2,756.07 points
Testing out alternative oil routes
The global energy crisis continues to grow, with no end in sight. When President Trump came to address the nation on April 1, he had few answers to the question surrounding the closure of the Strait of Hormuz, and the steps to reopen the narrow shipping lanes, responsible for shipping 20 per cent of crude oil and 30pc of liquefied natural gas to the world markets, especially Asia. The speech failed to cool oil markets, as escalating tensions with Iran crushed ceasefire hopes and reignited bullis...
If Only the Profanity Meant an End Was in Sight
Markets have a lot to weigh up, but optimism took a bruising over Easter weekend.
Why this oil shock is different
Governments and central banks are out of policy ammunition to contain the economic fallout
Maga stands by Trump on Iran — for now
On the streets of small-town Georgia, the president’s base is backing the war as swing voters waver
The Iran War May Be Permanently Rewiring Global Energy Security
Cambridge Professor Helen Thompson warns that energy disruption triggered by the US-Israel attack on Iran is exposing deep vulnerabilities.
Russia working on new export incentive mechanism for pharmaceutical companies — minister
Anton Alikhanov says that the measure will consist of an export cashback