Breaking News

Australia to halve fuel tax as global energy crisis deepens
Prime Minister Anthony Albanese announces the tax cut as the price of crude oil tops $116 a barrel.

Iranian attack damages Kuwait power and desalination plant, kills worker
Kuwaiti authorities say Indian worker killed in attack that also caused 'significant material damage' to building.

Qatar Central Bank Allows Loan Deferrals as Iran War Drags On
Qatar’s central bank is allowing lenders to offer borrowers payment deferrals, cutting reserve requirements and providing unlimited repo liquidity as Gulf policymakers race to respond to fallouts from the Iran war that’s now in its fifth week.

Japan PM Seeks to Ease Concerns Over Medical-Product Supplies
Japan’s prime minister sought to address public concerns about a shortage of medical devices caused by the war in the Middle East, saying her government was working to ensure stable supply.

Oil rises above $115 and Asia shares slide as Iran war enters fifth week
It comes after Iran-backed Houthi rebels in Yemen joined the conflict by striking Israel over the weekend.

South Korea Weighs First Driving Curbs in 35 Years on Oil Crunch
South Korea may widen restrictions on driving to include the general public if oil prices breach $120 a barrel as it seeks to cushion the impact of the Iran war on its energy supplies, the country’s finance minister said.

European Bank Stocks to Snap Record Quarterly Run on Iran, AI
European banking shares are poised to snap a record 13-quarter winning streak, as optimism over strong earnings and capital returns is displaced by concerns over the impact of the Iran war and an exodus from the private credit market.