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Oil prices jump over 3% after new strikes on Saudi Arabia, Strait of Hormuz

Brent crude futures ​climbed $3.43, or 3.3%, to $108.04 per barrel by 0924 GMT while WTI futures gained $3.49, or 3.5%, ‌to $103.54 per barrel

Asian AI stocks slide as top lab CEOs call for slower development of tech

SoftBank, Kioxia, SK Hynix and other AI-linked stocks fell in Asian trade after Anthropic's Dario Amodei, Elon Musk and Sam Altman backed calls to slow AI development

Essar Group buys UK petrol station operator SGN Retail, adds 118 sites

The acquisition will take the number of petrol stations operated by Essar Energy Transition Retail (EET Retail) to 235

Amazon pauses operations with 21 Air after Miami cargo plane crash

Last week, an Amazon Prime Air cargo flight overran a runway and crashed while landing at Miami International Airport

Trump says US should have world's lowest interest rates ahead of Fed meet

Trump said the US should have the lowest interest rates in the world, days before the Federal Reserve's policy meeting amid persistent inflation

Asian shares slide as oil spike fuels inflation, rate hike concerns

With shipping through the strait and the Bab el-Mandeb under threat, analysts fear oil prices could stay elevated for a lengthy period, stoking inflation globally

China's Z.AI raises $5 billion through share, convertible bond sales

Z.AI raised about $2 billion through a Hong Kong share placement and $3 billion from convertible bonds, with 60 per cent of net proceeds earmarked for AI research and development

Saudi Arabia pipeline outage threatens loss of 4% of global oil supply

Saudi Arabia has enough oil stocks at key ports to sustain exports for only a few days, raising the risk of a major supply loss if its East-West Pipeline does not restart soon

Trump says US could stay in Iran and keep oil, like Venezuela deal

US President Donald Trump said Washington could remain engaged in Iran and keep its oil, drawing a parallel with the US deal in Venezuela, while predicting the war would end this year

German companies lift China investment as US outlays fall, shows IW study

German firms invested €5.6 billion ($6.50 ​billion) more in China ​than in the same period of the ​previous year, based on IW's analysis of Bundesbank data

Larry Ellison cancels plan to sell Oracle stock worth up to $7.5 billion

Oracle co-founder Larry Ellison cancelled a plan to sell up to 50 million shares worth about $7.5 billion, saying no shares were sold under the plan

Tesla to unveil long-delayed next-gen Roadster on October 1: Elon Musk

The unveiling event ‌could include a demonstration of a limited-edition version equipped with ​cold-gas thrusters developed in collaboration with SpaceX

Trump says Iran probably responsible for attack on Saudi pipeline

The US ​president also said that he had spoken with Saudi Crown Prince Mohammed bin Salman, whom he ‌described as a "good friend"

Saudi suspends key oil pipeline, only route bypassing Hormuz after attacks

The 1,200-km pipeline, which carries up to 5 million barrels per day, helps Riyadh bypass the Strait of Hormuz, where tanker traffic has slowed sharply amid the US-Iran war

US finalises steep duties on solar imports from India, Indonesia, Laos

The US Commerce Department imposed anti-dumping and countervailing duties on solar imports from India, Indonesia and Laos, citing cheap exports and government subsidies

US consumer inflation rises in August, bolstering Fed rate hike bets

"It wasn't as hot as yesterday's PPI, ‌but today's CPI left the Fed with less room to maneuver as it tries to maintain ​its inflation-fighting credentials," said Morgan Stanley Wealth Management exec

Yemen's Houthis reach strategic island at mouth of vital shipping lane

Iran confirmed that its representatives and those of Iraq and the Gulf Arab states would meet in Oman on Monday to resume discussions on safe commercial shipping routes in the Strait of Hormuz

Global bond selloff pushes US 10-yr yield nears 5% on oil, rate fears

Global Bond Selloff Nears Historic Thresholds as Surging Oil and Rate Hike Expectations Push Yields to Multi-Year Highs

US average diesel price crosses $6 per gallon for first time: GasBuddy

U.S. diesel prices have surged nearly 60% since the U.S. and Israel attacked Iran in late February

Iran, other W. Asia states plan talks on temporary Strait of Hormuz deal

Gulf foreign ministers are set to meet Iran in Oman as regional powers seek a temporary arrangement to manage shipping through the strategically vital Strait of Hormuz