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Iraq starts shutting major oil fields as Hormuz crisis halts exports

The oil-market's worst fears have been realised this week after Hormuz all-but closed to shipping because of the Iran war

UAE and Qatar urge allies to help Pres Trump find Iran off-ramp

The UAE's Ministry of Foreign Affairs released a statement rejecting what it called "false and misleading claims published by Bloomberg"

QatarEnergy halts production of some downstream products after LNG shutdown

QatarEnergy will also stop making downstream products including urea, polymers and methanol, according to a statement on Tuesday

Dubai's status as a Swiss-style safe haven begins to crack amid Iran war

Since the weekend, the UAE's financial hubs and holiday spots have been shaken as defence systems intercepted 165 ballistic missiles, two cruise missiles and 541 drones launched from Iran

Toyota Motor founding family is biggest winner in unit takeover battle

The privatisation of Toyota Industries is meant to reinvigorate the sleepy affiliate, remaking it as the vanguard of the group's evolution into next-generation mobility

Asian banks' billions in Gulf loans at risk amid West Asia turmoil

Asian and Chinese banks, which have emerged as the Gulf's top financiers, extended more than $15 billion in loans last year - a record high and triple the previous year

Meta tests shopping research feature in AI tool to rival ChatGPT, Gemini

The feature, which allows requests for product suggestions, is being rolled out to some US-based users of the Meta AI web browser

France to boost nuclear arsenal amid uncertainty over US commitments

The move is a historic pivot for France, which has long insisted on preserving the independence of its nuclear stockpile

As West Asia crisis escalates, reluctant allies are forced to choose

For some leaders, the calculation is fraught: refuse Washington and risk a rupture with President Trump; or lean in and face political backlash at home from voters wary of another West Asian war

Pakistan death toll climbs to 24 as pro-Iran protests target US consulates

Protests erupted after the killing of Iran's Supreme Leader Ayatollah Ali Khamenei in coordinated attacks by the US and Israel

Saudi Aramco halts operations at Ras Tanura refinery after drone strike

There was a 'limited' fire at the plant, caused by debris from the interception of two drones that were targeting the facility

China says US gave no warning before Iran attack, urges end to hostilities

Chinese Foreign Ministry spokeswoman Mao Ning condemned the Trump administration's attack

Billionaire Nirmal Jain bets on India's wealth boom to hire, woo assets

IIFL Capital Services Ltd.'s wealth book of about ₹60,000 crore ($6.6 billion) will expand 80 per cent to 100 per cent over the next 24 months, Jain said

High-risk, high-reward partnerships powering Anthropic's AI expansion

Anthropic which has aggressively pushed into enterprise business, announced new updates to its tool Claude Cowork that extend its abilities to areas like human resources, investment banking and design

PM Modi meets Canadian PM Carney to reset relations, boost trade

The meeting comes against the backdrop of heightened tensions in the West Asia following US-Israeli strikes on Iran that killed the supreme leader, Ayatollah Ali Khamenei, and Iran's retaliation

Amazon cloud suffers outage after unidentified objects hit UAE data centre

While it is unclear if the incident is related to the conflict between the US and Iran, the fire broke out on the same day Iranian projectiles struck the UAE in retaliation for US and Israeli strikes

West Asia oil output may need to stop if Hormuz closed for 25 days

Around 19 million barrels a day of liquid fuel exports, including 16 million barrels a day of crude, transit the strait

Khamenei's killing complicates planned summit between Trump, Xi Jinping

While Iran, Venezuela aren't considered important partners for China, Trump's campaign of regime change raises the question of whether the next target could be a leader with much closer links to Xi

European gas could jump 130% on Hormuz disruption: Goldman Sachs

Benchmarks in Europe and Asia have hardly priced in risk premiums associated with Iran, Goldman analysts including Daan Struyven said

More LNG tankers divert from Strait of Hormuz amid widening Iran crisis

At least 13 empty LNG tankers that were on the eastern side of the chokepoint have diverted away, according to ship-tracking data