global economy

World+BizUSAAsiaSouth AsiaMiddle EastChinaEurope

global economy

World+BizUSAAsia
A pumpjack operates at the Vermilion Energy site in Trigueres, France, June 14, 2024. Photo: REUTERS/Benoit Tessier/File Photo

Oil gains over 2% as fresh military strikes threaten Hormuz shipments

Brent crude futures were up $1.67, or 2.2%, to $77.68 at 0955 GMT, while US West Texas Intermediate crude was up $1.59, or 2.23%, to $73.00 a barrel.

Representational image. Photo: Reuters

Oil rises as US strikes on Iran raise fears over shaky truce

The logo of Samsung Electronics is seen at its booth during The 26th Semiconductor Exhibition 2024 in Seoul, South Korea, October 23, 2024. Photo: REUTERS/Kim Hong-Ji/File Photo

Samsung flags 19-fold jump in profit, but shares slump on jitters AI boom may stall

A pump jack operates near a crude oil reserve in the Permian Basin oil field near Midland, Texas, US February 18, 2025. Photo: REUTERS/Eli Hartman/File Photo

Oil prices gain as focus shifts to supply recovery and demand

A screen reflecting on glass displays the Hang Seng stock index at the Central district in Hong Kong, China, April 7, 2025. Photo: REUTERS

Asia shares sputter as earnings loom, oil weighed by supply

Illustration/Shakib Ahmed

How Vietnam, Sri Lanka, Philippines gained World Bank upper-middle-income status

Representational image. Photo: Reuters

Oil up slightly ahead of long US weekend as peace efforts hold

Representational image. Photo: Reuters

Oil falls for a third straight day after US, Iran talks conclude in Doha

Currency dealers work as an electronic board displays the Korea Composite Stock Price Index (KOSPI) in Seoul, South Korea, May 6, 2026. Photo: REUTERS/Kim Soo-hyeon

Asian markets mixed in choppy trade as AI doubts, Iran tensions cloud outlook

Vessels at the Strait of Hormuz, as seen from Musandam, Oman on 18 June 2026. photo: Reuters/Stringer

Iran reasserts its right to control shipping in Strait of Hormuz after ship hit near Oman

Representational image. Photo: Pixabay

Asian stocks under pressure, oil near four-month low as volatility risks highlighted

A pumpjack operates at the Vermilion Energy site in Trigueres, France, June 14, 2024. Photo: REUTERS/Benoit Tessier/File Photo

Oil inches down as investors focus on Hormuz flows after peace talks

Elon Musk attends the US-Saudi Investment Forum in Washington, DC, US on November 19, 2025. Photo: Reuters

SpaceX falls 16% in worst drop since IPO as market pressure builds