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Oil Rises as Strait of Hormuz Remains Blocked
Oil rebounded after its biggest one-day drop since April 2020, as the Strait of Hormuz remained largely blocked and Israeli attacks on Lebanon threatened to derail the fragile ceasefire between the US and Iran. Bloomberg’s Anthony di Paola reports. (Source: Bloomberg)
Insight with Haslinda Amin 4/9/2026
Insight with Haslinda Amin, a daily news program featuring in-depth, high-profile interviews and analysis to give viewers the complete picture on the stories that matter. The show features prominent leaders spanning the worlds of business, finance, politics and culture. (Source: Bloomberg)
China Considers Financial Aid for Airlines Hit by Oil Shock
China is considering financial relief and other measures for its struggling state-run airlines as the Iran war sends fuel costs soaring, according to people familiar with the matter, in what could be the industry’s biggest lifeline since the Covid pandemic.
Australia eyes new fuel supply from US, Mexico and Asia as diesel prices spike to record high
Shipments of fuel into Australia were secure until at least the middle of May, the energy minister said on ThursdayFollow our Australia news live blog for latest updatesGet our breaking news email, free app or daily news podcastAustralia could get more fuel from the US, Mexico or its Asian neighbours, with a new government policy helping refineries bid for oil shipments as diesel prices spike to new record highs.Prime minister Anthony Albanese is flying to Singapore on Thursday to lock in ongoin...
Gold prices in Pakistan fall amid decline in global market
Gold prices in Pakistan declined on Thursday, reflecting losses in the international market, impacting both investors and consumers. According to the All-Pakistan Gems and Jewellers Sarafa Association (APGJSA), the price of gold per tola decreased by Rs9,500, reaching Rs494,662. Similarly, the price of 10-gram gold dropped by Rs8,415, settling at Rs424,092. The international gold price also fell, dropping by $95 to $4,723 per ounce, with an additional premium of $20. In parallel, sil...
TPG Is Said to Pick Advisers for Asia OneHealthcare Sale or IPO
TPG Inc. has chosen Malayan Banking Bhd. and UBS Group AG to help evaluate options for Asia OneHealthcare Sdn., including a sale or initial public offering, according to people familiar with the matter.
Energy crisis as catalyst
IN September 2025, Prime Minister Shehbaz Sharif declared a climate emergency. Most ministries ignored it. The government lurched from one fiscal crisis to the next, eyes fixed on the IMF programme, ignoring the energy transition the country desperately needed. Then came March 2026. The US-Israeli war on Iran closed the Strait of Hormuz, and the consequences for Pakistan were immediate and brutal. Prior to the announcement of the ceasefire, petrol had jumped by about 20 per cent in a week. LNG s...
Wheat Moves Higher on Iran Ceasefire Uncertainty, Crop Survey
Wheat futures have moved higher in the face of growing signs of fragility in the ceasefire pact between the US and Iran in the Middle East, with any reigniting of tensions likely to threaten further supply chain disruptions and price rises for vital farm inputs.
When Will Shipping Resume in the Strait of Hormuz?
Iran and the US agreed to a pause in fighting in exchange for the opening of the strait, but a lack of clarity on what was agreed and continued fighting — including Israeli strikes in Lebanon — have raised questions about the ceasefire. UWA Defense and Security Institute Adjunct Professor Jennifer Parker breaks down the situation. (Source: Bloomberg)
PSX dips slightly in post-rally consolidation
The Pakistan Stock Exchange (PSX) witnessed a mixed trading session by midday on Thursday, April 9, 2026, as the benchmark KSE-100 Index hovered around the 165,700–166,800 level after opening near its previous close of 165,811 points. According to the latest available data, the index stood at approximately 165,736 points, reflecting a marginal decline of about 74 points or 0.04% from the previous day’s close. The index touched an intraday high of 161,993 and a low of 166,812.93...
Orora Hits 12-Year Low as Iran Conflict Shuts UAE Bottle Plant
Orora Ltd. shares slumped to a 12-year low after the Australian packaging company cut full-year guidance for its high-end bottle unit, citing Middle East conflict-related disruptions that halted production at its UAE plant.
Give all UK households a set amount of subsidised energy, says thinktank
Proposal to help people heat two rooms, provide hot water and run key appliances without incurring more debtIn order to cut rising bills all UK households should receive a minimum amount of energy at rates subsidised by the government through North Sea taxes, a thinktank has suggested.Providing all homes with enough energy to heat two rooms, provide hot water and run key appliances such as a fridge and washing machine, at rates frozen at current levels, would require a subsidy of about £4.5bn, a...
Mitsui OSK CEO Hopes Vessels Can Move Now Amid Ceasefire
Jotaro Tamura, CEO of Japanese shipping and logistics company Mitsui OSK Lines, says he hopes vessels can resume operations following the US-Iran ceasefire. However, he says the company would need to scrutinize details of the ceasefire agreement and its implementation before allowing its ships to test the Strait of Hormuz. (Source: Bloomberg)
World Bank cuts Middle East growth forecast after energy sector turmoil
DUBAI: The World Bank has slashed its 2026 growth forecast for Middle East economies as a consequence of the US-Israel war against Iran, and warned of pervasive risks in a report published on Wednesday. President Donald Trump late on Tuesday announced a two-week ceasefire in the conflict. Iran’s foreign minister said Tehran would stop counter-attacks and provide safe passage through the waterway. The closure of the strategic strait, and destruction of energy and public infrastructure, had disru...
War in Middle East fails to dent remittances in March
KARACHI: Despite turbulence stemming from the ongoing Middle East conflict, the country received 17 per cent higher remittances in March compared to February, the State Bank of Pakistan announced on Wednesday. The $3.8bn inflow was the highest so far this fiscal year, but it was 5pc lower compared to $4bn in March FY25. The war did not impact remittances from the Middle East, as inflows from almost all countries experienced positive growth. Currency experts said t...
Mitsui OSK to Monitor Truce Before Ships Attempt Hormuz Crossing
Japan’s Mitsui OSK Lines Ltd., one of the world’s largest shipping companies, said it would need to scrutinize details of a US-Iran ceasefire agreement and its implementation before allowing its vessels to test the Strait of Hormuz.
China Tankers Join Queue to Test Hormuz Exit and US-Iran Truce
Two fully laden Chinese oil tankers in the Persian Gulf are approaching the Strait of Hormuz, potentially putting them on track to become the first such vessels to cross under a day-old US-Iran ceasefire, even as shipowners scrutinize the status of the narrow waterway.
Nafis programme extended to 2040: How UAE's job landscape will change
In September 2021, the UAE launched the Nafis programme, a Dh24 billion initiative designed to fundamentally change the employment landscape. As part of the “Projects of the 50,” the goal was to integrate 75 thousands Emirati nationals into the private sector by 2025 and reduce the traditional reliance on public sector jobs.Fast forward to April 2026, and the landscape has transformed beyond those initial expectations. With over 176,000 Emiratis now employed through the programme, 152,000 of wh...
RBNZ: Will Act Decisively If Core Inflation Picks Up
Reserve Bank of New Zealand Governor Anna Breman says the central bank will respond with interest-rate increases to any acceleration in core inflation, as fuel prices surge in response to the conflict in the Middle East. (Source: Bloomberg)
Malaysian Tycoon Syed Mokhtar Said to Mull Property Company IPO
Australian developer Walker Corp. and Malaysian tycoon Syed Mokhtar Al-Bukhary are considering an initial public offering of their joint venture to raise as much as 500 million ringgit ($125 million), according to people familiar with the matter.