Page 24 - Bloomberg/reuters

New York airport closes as Air Canada plane hits fire truck; see pics

The aircraft hit a Port Authority of New York and New Jersey ground vehicle and the airport was closed to incoming flights from across the US and Canada

Goldman raises oil forecasts on largest-ever supply shock amid Iran war

Brent is expected to average $85 a barrel in 2026, up from an earlier forecast of $77, analysts including Daan Struyven said in a note

Trump's 48-hour Iran ultimatum raises risk of reckless escalation

The logic is obvious: Having started the war, Trump can now only win it by continuing until, at a minimum, Iran is unable to endanger tanker traffic through Hormuz

China's state refiners explore Iranian oil after US sanctions waiver

Limited relief opens door to new buyers amid global supply crunch

Ukrainian drone strike hits Russia's Primorsk oil port, damages fuel tank

Emergency services are working to extinguish the blaze at the fuel storage tank at Primorsk, and personnel have been evacuated

Zombie oil tanker exits Strait of Hormuz as Trump, Iran trade threats

The vessel posing as Nabiin is likely a zombie tanker, which assumes the identity of a scrapped, legitimate ship

West Asia war damages over 40 energy assets, risks supply disruption: IEA

The effect of the current disruptions is equivalent to the two major oil crises in the 1970s and the 2022 natural gas crisis after Russia invaded Ukraine 'all put together,' IEA director Birol said

Trump's tariff playbook returns, this time with lawyering not legitimacy

The unusually rapid pace of these 76 inquiries raises concerns over due process, with expectations that responses may align closely with the Trump administration's preferred outcomes

South Asian industries pivot to solar, cut reliance on gas amid Iran crisis

In India and Pakistan, once key customers for the Persian Gulf's LNG exports, industries have been rapidly shifting away from both gas and grid power to make use of cheap, abundant solar energy

'Pandemonium' fuels surge in US yields as fed rate-hike bets emerge

Ten-year yields rose 11 basis points to 4.39 per cent, extending their rise since hostilities began to 44 basis points

Global LNG exports hit six-month low as West Asia conflict disrupts flows

The 10-day moving average for LNG shipments has fallen about 20 per cent from the start of the month to 1.1 million tonnes, the lowest since September

Insurers turn to state bonds for derivatives trade as yields climb

Derivatives linked to state debt are gaining momentum as the yield gap between provincial and benchmark notes widens to a multi-year high

Gold falls more than 3% as West Asia war deepens inflation concerns

Bullion plunged as much as 3.8 per cent to near $4,320.30 an ounce, less than a dollar above where it ended last year

Apple CEO praises Chinese developers, partners amid Beijing's pressure

Cook, speaking at the China Development Forum in Beijing on Sunday, praised the innovations of Chinese developers and the automation at the country's manufacturing facilities

West Asia crisis: Hormuz closure forcing Trump, importers to seek solution

The channel has been a focal point since the start of the war, but Iran's geographic and strategic advantages mean the US has been unable to restore traffic

Volkswagen CEO vows more restructuring, sees lessons in China: Report

To avoid costly overcapacity, VW is applying "clear manufacturing cost targets" to all its plants, be they in Germany, Europe or China

PM Modi stresses need for secure shipping in call with Iran's President

PM Modi also condemned attacks on "critical infrastructure" in the region, which he said threaten regional stability and disrupt global supply chains

Meloni faces major test as Italy holds referendum on judicial overhaul

The outcome of the vote will shape the mood ahead of a general election next year, potentially destabilising Meloni, who has led one of Italy's longest-serving governments

Japan says not considering unilateral negotiations with Iran on Hormuz

About 45 Japan-linked vessels remain affected in the strait, a critical artery for global energy supplies, Japan said, adding that the government will take responsibility for their safety

Shockwave of West Asia conflict is rippling through global economy

Every purchasing manager index for which Bloomberg collects estimates is anticipated to show a decline when initial numbers for March are released on Tuesday