Oil prices

Opec+ to boost oil production as US-Iran ceasefire remains elusive

The effective shutdown of Hormuz makes the increase largely symbolic

Willie Walsh, director general of Iata, expects some smaller airlines to go bankrupt or be taken over by bigger carriers this year and the next as higher fuel costs bite.

Global airlines slash 2026 profit forecast on fuel shock from Iran war

Iata says it expects the industry to post combined earnings of US$23 billion this year, down from US$45 billion in 2025

IAG, which owns British Airways, plans to offset 60% of fuel costs through revenue and savings.

British Airways says fare increases more likely after main summer season

Airlines across the world are grappling with higher fuel costs because of the Iran war

US West Texas Intermediate crude finishes at US$90.54 a barrel, down US$2.50 or 2.7%.

Oil prices fall on mounting hopes for de-escalation in US-Iran War

Iranian oil exports have fallen to their lowest level in six years mainly due to the US naval blockade

The AI theme appears "impervious to war worries," driving Asian stock indices to record highs.

Peace hopes, profit-taking and a Bitcoin plunge: making sense of a rollercoaster week

War, oil, AI, crypto — markets are moving fast. Where should the smart money go? Howie Lim speaks to Thomas Rupf of VP Bank to find out.

Oil has erased last week’s drop as the clashes sapped optimism over a deal to extend the current ceasefire, and potentially see flows resume through the strait.

Oil falls as Israel and Lebanon agree to conditional ceasefire

The oil market’s main focus remains the key waterway, through which one-fifth of global crude normally passes

Sultan Hassanal Bolkiah said he would continue to hold the key roles of prime minister, defence minister and finance minister.

Brunei’s sultan announces Cabinet shake-up, appoints sons as ministers

The shake-up is the first since 2022 and comes as the nation faces pressure from a global energy crisis

Global oil inventories could hit critical levels ahead of the peak summer demand period if stock draws continue at their current pace.

Oil prices rise to one-week high as Iran reviews US proposal to halt war

Iran has effectively halted most non-Iranian shipping in and out of the Gulf since the war began

US President Donald Trump said on Monday that negotiations with Iran were continuing and a deal to extend the ceasefire and reopen the Strait of Hormuz over the next week would be in place.

Oil drops as Iran reviews proposed US agreement

Brent crude futures fall 0.7% to US$94.29 a barrel at 1307 GMT