Tag: Iran War
LNG prices surge by 50% in Europe after Qatar shuts world’s largest gas plant| Business News
LNG prices in Europe surged more than 50% after Qatar shut down production at the world’s largest export facility after it was targeted in an…
Saudi Aramco’s Ras Tanura refinery shut down after drone strike| Business News
Saudi Aramco has shut down its Ras Tanura refinery as a precautionary measure after it was hit by a drone, Reuters reported on Monday, adding…
Indian Oil-led refiners eye Russian crude oil again as Iran war chokes Strait of Hormuz| Business News
India’s state-run refiners led by Indian Oil Corp. Ltd. met government officials over the weekend to hammer out contingency plans as an escalating Iran war…
Sensex down 2,743 points, Nifty 50 well below 25,000 as Iran war ignites stock market| Business News
Dalal Street in Mumbai was engulfed in panic on Monday as India’s benchmark indices Sensex and Nifty 50 cratered at the opening bell, with investors…
Three crude oil tankers attacked in Strait of Hormuz as Iran war spreads| Business News
Three ships were reportedly attacked near the mouth of the Persian Gulf, amid signs that tanker traffic through the vital Strait of Hormuz oil-and-gas chokepoint…
Sensex, Nifty 50 set for gap-down open as Iran war delivers crude shock for India| Business News
India’s stock market is likely to see a gap-down open on Monday as the Iran war is certain to deliver a crude shock for the…
Hedge funds, banks rethink presence in Dubai, Abu Dhabi amid escalating Iran war| Business News
As missiles and drones flew over the United Arab Emirates, traders and Wall Street executives who’ve flocked to the Gulf in recent years found themselves…
OPEC to raise output as Iran war threatens to bolster rally in crude oil prices| Business News
The Organization of the Petroleum Exporting Countries (OPEC) has agreed to resume oil production increases next month as the Iran war brought on by Israel…
Gulf stocks slide, Kuwait suspends trading as Iran responds to US-Israel attacks| Business News
Most Gulf equities fell on Sunday and Boursa Kuwait suspended trading after US and Israeli strikes on Iran prompted retaliatory attacks across nearby US targets…
Strait of Hormuz holds global economy hostage amid Iran attacks by US, Israel| Business News
Amid coordinated attacks on Iran by the US and Israel, and Tehran retaliation across the Gulf, all eyes are on the Strait of Hormuz—just 33…