Middle East
Singapore Airlines extends cancellation of Dubai flights until Aug 2
[SINGAPORE] A Facebook post by national carrier Singapore Airlines on Wednesday (May 6) noted that the airline has cancelled its Dubai flights to and from Singapore until Aug 2, due to the “geopolitic...
UAE to leave Opec and Opec+ in major blow to global oil producers’ group amid Iran conflict
Move comes after the UAE criticises fellow Arab states for not doing enough to protect it from numerous Iranian attacks during the war
BP Q1 profit beats expectations at US$3.2 billion, driven by Middle East trading boon
The company says it anticipates fuel margins to ‘remain sensitive’ to the cost of supply and conditions in the region
Higher for longer: what a stalled peace deal means for Asian investors
How much risk premium is being priced into markets now? Get your volatility-injected analysis with Howie Lim and her guest, Thomas Rupf from VP Bank.
The world economy is in the shadow of war, and the warning signs are flashing
Global growth is now projected to slow to 3.1% in 2026 and 3.2% in 2027
ST Engineering shrugs off Middle East shocks, stays upbeat on satcom outlook
The impact of the conflict is ‘assessed to be not material at the group level’, says CEO Vincent Chong
Not-so-sweet deal for Singapore’s refineries as they shift to US, alternative crudes
Variations in density and sulphur content present compatibility challenges
Trump says he does not want to extend truce as ceasefire expiry nears
Meanwhile, the US military announces it has boarded a huge Iranian oil tanker at sea in international waters
US has turned back 27 ships since start of Strait of Hormuz blockade
A military official also said a team was searching and scanning a large number of containers aboard an Iranian cargo ship which tried to evade the blockade
Trump says US-Iran truce extension unlikely, Hormuz to stay shut
US President Donald Trump said it is “highly unlikely” he would extend the two-week ceasefire with Iran if a deal is not reached before it ends, adding that the Strait of Hormuz would remain blockaded...
