JUST IN: Hamas calls on Iran to stop attack on neighbouring countries

California's world-leading pistachio industry owes its success to the Iranian revolution, writes Justin Fox (via Bloomberg Opinion) bloomberg.com/opinion/articl…

BREAKING: Newly formed right-wing UK party, Restore Britain, has reportedly overtaken the Conservative Party in membership numbers.

The elephant in the room, that neither Tusk nor Politico will acknowledge, is that euroscepticism is prevalent today because of the incompetence and disastrous policymaking of the unelected Brussels elite. The EU isn’t popular. Many are simply fearful of life without it.

South Korea is lifting a cap on coal-fired power generation (until now set at 80% of capacity) to offset the loss of LNG The flexibility of Asia to performan gas-to-coal switching (and its enormous coal-fired fleet) provides a layer of insulation that Europe didn't have in 2022

🚨 The UAE introduces strict laws to prevent foreign investors from withdrawing their capital and leaving Dubai. These measures reportedly include freezing bank accounts and imposing restrictions on money transfers and capital movement. Some analysts warn that Dubai may

Crude futures across New York, London, Dubai and Oman currently show a pronounced divergence, with WTI trading at a notable discount to benchmarks more closely linked to Asian demand. While part of this spread reflects differences in contract expiry and delivery timing, it does

Asian oil refiners are staring down deep losses after the Middle East war caused the benchmark Dubai price to soar bloomberg.com/news/articles/…

A regional conflict with a global impact. Scandinavian Airlines has been forced to make multiple of short-term flight cancellations, including domestic flights within Norway, as “the entire European aviation system is now feeling the pressure from a sudden fuel shock”

"The largest shipping groups, including MSC, Maersk, CMA CGM and Hapag-Lloyd, have told customers they reserve the right to invoke a 19th-century rule to allow them to leave containers at the nearest available port at their client’s expense." as.ft.com/r/4aef04f9-e9d…

As the Iran war enters its third week and cooking gas becomes scarce, some Indian homemakers are turning to practices of the past — a stark reminder of how geopolitics can reshape daily life in distant lands. bloomberg.com/news/articles/… 📷️: Anindito Mukherjee/Bloomberg

Fertilizer giant Yara reduced production in India, a significant importer of gas from the Middle East, as the war curtails supply of the vital feedstock bloomberg.com/news/articles/…

Brazil sounds alarm on fertilizers as price spike spurs cheaper alternatives reut.rs/3PqIC9Z reut.rs/3PqIC9Z

Indonesia faces fuel fears as half its population travels for Eid ft.trib.al/4sv4DyL

JUST IN: 🇪🇬 Egypt orders shops and restaurants to close by 9:00 PM due to the energy crisis caused by US-Israeli war with Iran.

Germany’s Finance Ministry is considering options for a windfall tax on oil companies that would capture a share of profits driven by surging crude prices as the US-led war on Iran roils markets bloomberg.com/news/articles/…

Morgan Stanley published this chart about massive disruptions in industries across the board

How incompetent is the French military? A sailor on Charles de Gaulle aircraft carrier just revealed its location by using a fitness tracker (Strava) while jogging on the ship's deck 🤣 Source: Le Monde

DIESEL SPIKE HITS THE REAL ECONOMY Diesel—not gasoline—is the bigger economic risk, as it powers nearly every part of the supply chain. Prices have surged past $5/gallon, sharply increasing costs for trucking, shipping, farming, and manufacturing. Businesses are already adding

The International Energy Agency is calling for people to cut oil demand by working from home more, flying less and driving slower, as the Iran war rocks global energy markets. ft.trib.al/kWnfzfX