Despite a 14-day US-Iran ceasefire tied to reopening Hormuz and Tehran allowing transit, shipping through the key maritime chokepoint remains largely halted.
Fears that an escalation of the conflict could heighten a fuel squeeze & endanger the economy unnerved traders, with NYT reporting Iran stopped negotiating a truce with the US.
Getting a complex toilet system to work on the Orion capsule has become a recurring issue. NASA suspects ice buildup may have been blocking the nozzle that drains wastewater into space.
Islamabad has about $12 billion in debt from friendly countries, mainly China, Saudi Arabia, and the UAE, which have kept extending the loans every year at maturity.
Saudi Aramco will increase flagship Arab Light crude prices for May sales to a premium of $19.50 over regional benchmarks for refiners in Asia, still less than what traders anticipated.
India is seeking to buy about 2.5 mn tonnes of the key crop nutrient ahead of the monsoon sowing season as the West Asia conflict disrupts domestic production, tightening availability.
Key producers led by Saudi Arabia & Russia have an agreement in principle to increase targets by about 206,000 barrels a day during a video conference Sunday, delegates tell Bloomberg.
2027 budget proposal requests $1.5 trillion for defence, up from $1 trillion sought for fiscal year 2026. Discretionary non-defense spending would be cut 10%, or about $73 billion.
Tankers asked to pay about $1 per barrel in yuan or stablecoins to IRGC-linked intermediaries for escorted transit, with some also required to switch flags to friendly nations.
The funniest part about pig politicisation is that it is based on ignorance. Hindus and Christians can eat all the pork they want and keep pigs as pets—that does not bother Muslims.
China patiently invested capital, skill and technology in coal gasification. Unlike it, we won’t move from words to action. As crude prices decline, we lose interest.
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