Oil prices/Crude oil

Buy airline tickets now, Spain urges as Iran war lifts oil prices

Qatar Airways aircrafts parked as they have landed at Teruel Airport in Spain, on March 20, 2026.

Are stock markets in denial about the true cost of Iran war?

Stock markets don't seem to concern by the impact of the Iran war. This could backfire.

Oil prices rise past US$108 as US-Iran peace talks stall

Last week, Brent and WTI surged nearly 17 per cent and 13 per cent, respectively, the biggest weekly gains since the start of the Iran war.

Iran says it won’t accept ‘maximalist demands’ as Islamabad hosts peace push

Police officers stand guard behind a barricade near Serena Hotel, as Pakistan prepares to host the U.S. and Iran for the second round of peace talks, in Islamabad, Pakistan, April 25, 2026.

Japan bathhouses in deep water as energy costs boil over

Fuel supply in Japan has been disrupted by the Middle East crisis, which has affected tanker traffic through the Strait of Hormuz and driven up global oil prices.

US imposes sanctions on Chinese ‘teapot’ refinery for buying Iranian oil

The US Treasury Department targeted Chna's Hengli Petrochemical (Dalian) Refinery, which it said is one of Iran’s largest customers of crude oil and petroleum products.

World inflation scare is coming as Chinese exporters lift prices

Price spikes have hit products reliant on rubber, plastic and oil-derived chemicals such as these footwear being sold at a store in Aichi prefecture, Japan.

Indonesia says Russia will supply 150 million barrels of oil as higher prices tighten supply

People queueing at a petrol station in Banda Aceh, Indonesia, on April 14. About a fifth of Indonesia’s crude imports come from the Middle East and pass through the Strait of Hormuz.

News analysis

Record demand can’t save US airlines from Iran war fuel shock

Airlines are already cutting flights, even as planes remain full, because some routes no longer make sense at current fuel prices.

Slovakia says getting Russian oil from repaired Ukraine pipeline

Kyiv said on April 22 Ukraine had restarted pumping oil to Hungary and Slovakia after completing repairs.

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MDDI (P) 046/10/2025. Published by SPH Media Limited, Co. Regn. No.202120748H. Copyright © 2026 SPH Media Limited. All rights reserved.