Oil and gas
South Korea to probe ship fire in Strait of Hormuz, Trump blames Iranian attack
Trump calls on South Korea to join US operation to open Hormuz to shipping
Asia battles rising, uneven toll of energy crisis caused by Iran war
Fiscal strains are mounting across the region, particularly South Asia
Iran warns US Navy to stay clear of Hormuz after Trump says US to help stranded ships
A tanker was reportedly hit by unknown projectiles in the strait soon after Trump’s comments
Oil slips after Trump says US will assist ships stranded in Strait of Hormuz
Negotiations between the US and Iran continued over the weekend with both sides assessing responses from each other
Opec+ agrees on symbolic quota hike as UAE touts oil investment
But the actual increase depends on the Strait of Hormuz reopening and shuttered production being restored
Iran juggles oil cuts and storage strain to resist US blockade around Hormuz
Teheran is drawing on a time-tested playbook to prolong the standoff and raise costs for Washington
US could restart Iran strikes ‘if they misbehave’, says Trump
He said on May 1 that ‘on a human basis’, he did not prefer the military course of action
US warns of sanctions risks for Chinese refiners of Iranian oil
The move risks adding yet another irritant for China ahead of an expected summit between US President Donald Trump and China’s Xi Jinping next month
What is Opec+ and how does it affect oil prices?
The UAE is the fourth producer to leave the group in recent years, and by far the biggest
UAE exit blindsides Opec and threatens to shake its grip on oil
The departure of one of the group’s most influential members will still raise wider questions
