World Business NewsOil surge boosts revenues for Iran, Oman and Saudi Arabia, while Iraq and Kuwait see sharp declines; Saudi and UAE pipelines ease impact, UAE revenues dip slightly
World Business NewsSpot gold slips 0.1% to $4,640.93, US futures fall 0.4% to $4,666.70; silver down 0.9% to $72.17, platinum drops 1.1% to $1,958.75, palladium declines 0.5% to $1,478.49
World Business NewsInvestors in wait-and-see mode ahead of Trump's deadline; Iran rejects ceasefire deal, seeks permanent end to war; Nikkei trades flat after early gains, South Korea up 0.2% after 2.5% surge; US futures fall 0.35%, Europe set for higher open
World Business NewsBrent crude rises 0.5% to $110.34, WTI gains 1.1% to $113.67 per barrel
World Business NewsLower-income import-dependent markets including Vietnam, Myanmar and Pakistan hit hardest as China, Thailand halt jet fuel exports and South Korea caps supply at last year’s levels; European carriers are also bracing for similar disruption
World Business NewsThird vessel Jag Vikram remains west of Strait of Hormuz as India gradually moves stranded LPG cargoes out of the region
World Business NewsCompany sees Europe, North Africa exports disrupted by Middle East conflict; Higher freight costs, raw material sourcing pressures weigh on suppliers
World Business NewsDeal that fails to curb Iran’s nuclear programme, missiles and drones risks creating a more dangerous, volatile Middle East, UAE diplomatic adviser warns
World Business NewsSpot gold falls 0.9% to $4,631.69, US futures slip 0.5% to $4,657.50; silver drops 1.4% to $71.98, platinum down 0.9% to $1,970.38, palladium steady at $1,503.52
World Business NewsOPEC+ eight members to raise quotas by 206,000 bpd for May
World Business NewsOPEC+ agrees to raise output by 206,000 barrels per day for May, including Russia and other allies
World Business NewsS&P 500 futures fall 0.2% in thin holiday trade, MSCI Asia-Pacific index rises 0.5%; Nikkei gains 1.2%, Kospi jumps 2%