Saudi Aramco chief says Hormuz disruption could keep oil market from normalizing until 2027
A CNBC report says Saudi Aramco CEO Amin Nasser warned that inventories are drawing down quickly if the Strait of Hormuz stays closed.
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389 reports.
Sri Lanka Raises Electricity Rates by Up to 18% for Heavy Users
Sri Lanka said it will lift electricity rates by as much as 18% for consumers using more than 180 kilowatt-hours a month to offset higher thermal generation costs linked to the Middle East war.
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Sherritt leaves Cuba's joint ventures as US sanctions risk rises
Sherritt International has suspended direct participation in its Cuban ventures and begun repatriating expatriate staff, citing the threat of expanded US sanctions.
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Mastercard completes technical work for return of international card payments in Syria
The company said internationally issued cards could be accepted after a 15-year absence, with services expected to resume gradually.
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Gold hits a one-week high as traders react to Iran-U.S. peace speculation
Gold climbed to its highest level in more than a week after reports that Iran and the United States may be nearing a peace deal, adding fresh demand for safe-haven assets.
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Zelenskyy says Hungary has returned cash and gold seized from Oschadbank workers
Volodymyr Zelenskyy said Hungary returned cash and gold seized from employees of Ukraine's state-owned Oschadbank after a March confiscation triggered a diplomatic row.
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Romanian Leu Hits Historic Low Amid Parliamentary Motion
The Romanian national currency reached an unprecedented valuation against the euro as political instability intensified during a scheduled no-confidence vote.
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Oil markets brace for stockpile crunch as OECD inventories approach minimums
JPMorgan analysts say OECD oil stocks could hit operational minimums between May 9 and May 30, adding urgency to an already tight market.
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UAE says air traffic has returned to normal after precautionary restrictions
The civil aviation authority said temporary precautions were lifted and normal traffic operations resumed after a period of disruption tied to regional conflict.
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Spirit Airlines shuts down after federal rescue talks fail
The US low-cost carrier cancelled every flight and began an immediate wind-down on May 2, 2026, blaming high fuel costs as a proposed $500 million aid package stalled.
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Venezuela raises minimum income package and pensions as protests mount
Delcy Rodríguez lifted the minimum income package to $240 and the state pension to $70, but the increases remain far below household costs.
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Trump says US will lift whisky tariffs after royal state visit
Donald Trump said the United States would remove tariffs and related restrictions on whisky imports, including Scotch whisky, following a state visit by King Charles and Queen Camilla.
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Claire's shuts all UK and Ireland stores as administration deepens
The accessories chain has closed all 154 standalone stores in the UK and Ireland, putting more than 1,300 jobs at risk while concessions remain open.
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China blocks Meta’s Manus acquisition as AI rivalry deepens
Beijing ordered the cancellation of Meta’s purchase of the Chinese AI startup Manus, framing the move as a national-security issue in the wider contest with Washington.
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Iran resumes commercial flights from Tehran airport after war-related suspension
On the event date, Iran restarted international passenger flights from Tehran’s main airport for the first time since the war began two months earlier.
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Asia-Pacific markets open mixed as ceasefire extension fails to calm investors
Traders remained cautious after a three-week extension of the Israel-Lebanon ceasefire, leaving regional equities without a clear direction.
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Russia says Kazakh oil flow to Germany via Druzhba will stop on May 1
Berlin says the interruption should not threaten fuel supply, even as Russia cites technical limits for rerouting Kazakh crude.
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Lufthansa trims Europe flights as fuel prices surge
Lufthansa is cutting 20,000 short-haul European flights this summer after jet fuel prices doubled during the US-Israel war with Iran.
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U.S. stocks hit records after Trump extends Iran ceasefire
The S&P 500 and Nasdaq closed at record levels as investors responded to President Donald Trump’s decision to extend the U.S. ceasefire with Iran.
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Oil slides and Wall Street jumps after Iran reopens the Strait of Hormuz
Benchmark crude fell sharply and U.S. stocks hit records on April 17, 2026, after Iran said the strategic waterway was open again to commercial shipping.
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BBC prepares up to 2,000 job cuts in biggest scaling back in 15 years
The broadcaster's cost-cutting plan follows a warning that it faces significant financial pressures and needs to reshape spending.
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Iraqi Airways set to restart Dubai and Istanbul flights as airspace reopens
Iraq's transport ministry said the carrier will fly to Dubai on Thursday and Istanbul on Saturday after a phased return of traffic.
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Iberia to suspend Cuba flights for four months as fuel shortages hit travel demand
The Spanish carrier will halt its Havana route from June to October, citing supply problems and weaker demand on the island as Cuba struggles with an acute fuel crunch.
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Fuel-price protests spread across Ireland and Norway as shortages deepen
Drivers, hauliers and farmers have blocked roads and ports in Ireland, while Norwegian truckers staged a convoy protest in Oslo.
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