Oil prices/Crude oil

US sanctions on China oil giant turn up heat on teapot refiners

Hengli Petrochemical's refining complex is seen at Changxing island in Dalian in this file photo from 2018.

Husband, wife behind sanctioned China energy giant Hengli Group lose $1.78 billion

Hengli Petrochemical's refining complex is seen at Changxing island in Dalian in this file photo from 2018.

While You Were Sleeping: 5 stories you might have missed, April 28, 2026

Cole Tomas Allen, a suspect in the shooting incident at the White House Correspondents' Association dinner, lies on the floor after being detained by law enforcement personnel, in Washington, D.C., U.S., April 25, 2026, in this screengrab from a video. Bill Frischling/ CQ Roll Call/Handout via REUTERS

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.

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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.