Reuters

Saudi Aramco cuts output at two oilfields amid Strait of Hormuz crisis

Several of Saudi Arabia's neighbours have also cut production as shipping in oil transit chokepoint, carrying roughly a fifth of global oil and liquefied natural gas flows, has ground to a near halt

Indonesia signs agreement with India to procure BrahMos missiles: Report

In 2023, BrahMos, a company co-owned by the Indian and Russian governments, told Reuters it was in advanced discussions with Jakarta on a deal worth $200 million to $350 million

West Asia conflict could boost palm oil demand from biodiesel sector

Indonesia, the world's largest user of palm oil-based biodiesel, said it may revive plans to roll out a B50 grade of palm oil biodiesel mid-year to counter surging crude oil prices

Central banks across Europe face rising rate hike bets amid Iran war

The unusually sharp repricing came as major oil producers cut supply and fears grew of prolonged shipping disruptions, pushing crude above $119 a barrel its highest level since mid-2022

West Asia crisis complicates rate outlook for Asian central banks

Share markets plunged and the safe-haven US dollar rose in Asia on Monday as oil surged past $110 a barrel, stoking fears of a protracted West Asia war on global energy supplies

Lucky numbers and collusion: How cement cartel targeting ONGC came unstuck

A confidential investigation by the Competition Commission of India has found evidence that several cement companies allegedly colluded for years to rig bids in tenders issued by ONGC

Bangladesh closes universities to save electricity, fuel amid energy crisis

Authorities said the decision applies to all public and private universities across the country

India's finished steel exports jump 36.6% in April-February period

India's crude steel ​production increased 11.2 per cent year-on-year to 153.61 million ‌metric tons over the same ​period

RBI likely selling dollars as rupee weakens amid Iran war, say traders

An over 20 per cent ​jump in ‌oil prices triggered a broad-based ‌selloff in Asian stocks and currencies on ‌Monday as ​investors fretted over ​the deepening conflict in the Middle East

US energy chief defends Russian oil waiver; says gas price spike 'brief'

Wright told CNN's 'State of the Union' that the waiver can help 'tamp this fear of shortage of oil, tamp the price spikes and the concerns we see in the marketplace'

Iran will not bow to pressure from US and Israel, says President Pezeshkian

With no sign of an end to hostilities in West Asia and tankers still not daring to cross the Strait of Hormuz, investors were bracing for a long stretch of higher energy costs

Dollar hits three month high as US-Iran war pushes oil past $100 a barrel

The dollar ​was up 0.8 per cent to $1.1525 on the euro, its highest since November, and rose almost 0.4 per cent to 158.48 ‌yen early in the Asia session

US orders non-essential diplomats to leave Saudi Arabia amid Iran war

The move is the first time the agency has approved an 'ordered departure' since the first strikes in Iran on Feb 28

From 1776 to 2026: Adam Smith's lessons for the global economy

As The Wealth of Nations turns 250, debates over tariffs, inequality and monopolies show how Adam Smith's ideas remain strikingly relevant to today's economic battles

UK PM Keir Starmer speaks with US President Donald Trump on West Asia

The Prime Minister also shared his heartfelt condolences with President Trump and the American people following the deaths of six US soldiers"

Elon Musk's X probes offensive posts by xAI's Grok chatbot: Report

X and its safety teams are urgently investigating the chatbot's role in generating "hate-filled, racist posts" online in response to user prompts

Donald Trump tells Britain he does not need its help to win Iran war

In a post on Truth Social, Trump said he "will remember" the lack of British support during the conflict with Iran

Iran attacks breach international law, says Swiss Defence Minister

Pfister said he was referring to all the countries not complying with the prohibition on violence, including the United States and Israel

China says talks with US vital as Trump targets Beijing's key partners

Failure to engage between the two nations would only lead to misunderstandings and misjudgements, escalating toward confrontation and harming the world," Foreign Minister Wang Yi said

'China could see widespread use of brain-computer tech in 3-5 years'

Beijing elevated BCIs to a core future strategic industry in its new five-year plan released this week, placing it alongside sectors such as quantum, embodied AI, 6G and nuclear fusion