Iran war sends US crude futures up 12% a barrel

The conflict has spread across the Middle East’s key energy-producing areas

Asia sources 60% of oil, petrochemical feedstock from Middle East.
NEWS ANALYSIS

Asia has limited options to diversify from Middle East energy reliance

Distance, refinery logistics, contracts and cost are factors

Smoke rises from the direction of a US naval base in Bahrain. MTQ's facilities in Bahrain and UAE have resumed operations.

MTQ resumes Middle East operations; Vallianz not ‘significantly’ affected

This comes after the US and Israel launched their biggest attacks on Iran in decades on Feb 28

Bullion was near US$5,090 an ounce in early trading on Friday.

Gold steadies as firmer dollar offsets Middle East risk premium

Spot gold edged up 0.2 per cent to US$5,093.63 an ounce

US President Donald Trump said Iran was calling to ask how to make a deal.

Trump says further action to reduce pressure on oil is imminent

[WASHINGTON] President Donald Trump on Thursday said further action to reduce pressure on oil was imminent, adding that Iran was reaching out to make a deal amid US and Israeli strikes.

Brent crude settled US$4.01, or 4.93 per cent, higher at US$85.41 per barrel on Thursday, a fifth session of gains.

Oil settles up around 5% on supply concerns as Iran conflict widens

[HOUSTON] Oil prices settled up around 5 per cent on Thursday, extending a rally as the escalating US-Israeli war with Iran disrupted supplies and shipping, driving some major producers in the Middle ...

BYD is aligning with China’s latest initiative to double the number of charging facilities in three years.

BYD unveils faster-charging Blade Battery to revive China sales

The EV maker aims to expand fast charging network to 20,000 stations by end-2026

Thailand has about 95 days of oil reserves and will increase mandatory fuel reserves to 3 per cent from 1 per cent.

Thailand to boost fuel reserves, bids to secure LNG amid Iran crisis

Thailand imports around 2.2 to 2.8 million tonnes of LNG per year from Qatar

Amid global macroeconomic uncertainty and currency volatility, the precious metal has become a “safe haven” asset, resulting in gold rallies fuelled by investor fears and elevated central bank buying.

First home-grown gold ETF to list on SGX on Mar 26

This will be the first listing of a gold ETF on the local bourse in two decades

China has a vast refining sector, but much of its production is funnelled to serve domestic demand, meaning it is not a critical supplier.

China tells top refiners to halt diesel and petrol exports

Across Asia, the country ranks third for seaborne exports, behind South Korea and Singapore