Three ships attacked in Hormuz after ceasefire extension
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South African Inflation Edges Up Before Iran Oil Shock Hit
(Bloomberg) — South African annual inflation edged higher in March, even before the US-Israeli war on Iran triggered a surge in domestic fuel costs. Read More
BP’s Chairman Gets More Support as He Faces Shareholder Backlash
(Bloomberg) — BP Plc’s new Chairman Albert Manifold will have the votes of at least three of the company’s top shareholders this week, as he faces opposition to his election in a key moment for the energy giant. Read More
Ukraine Ready to Resume Oil Flows on Druzhba Pipeline, Mol says
(Bloomberg) — Ukraine is ready to resume oil flows on the Druzhba pipeline, Hungarian refiner Mol Nyrt. said, a step that’s expected to unblock crucial European Union aid to Kyiv on Wednesday. Read More
Reckitt’s Sales Weighed Down by Cold Drugs, Iran War Fallout
(Bloomberg) — Reckitt Benckiser Group Plc reported weaker-than-expected sales on sluggish demand for its cold medicines in the US and as the conflict in the Middle East hit supplies in the region. Read More
Container Ship Comes Under Gunfire Near Hormuz, UK Navy Says
(Bloomberg) — The UK Navy said a container ship was fired at near the Strait of Hormuz after it was approached by an Iranian gunboat, the latest incident following shootings over the weekend that ratcheted tensions higher in the vital waterway and kept maritime traffic at a near standstill. Read More
Oil Shock Pushes Thailand to Rework Spending to Contain Deficit
(Bloomberg) — Thailand is reshuffling state spending to cushion the impact of an oil shock while keeping its deficit target intact, highlighting the strain the Middle East conflict is placing on public finances. Read More
Iran Tankers Go Dark to Sail Past US Blockade Laden With Oil
(Bloomberg) — At least two fully laden Iranian tankers have sailed out of the Persian Gulf and past a US blockade this week, part of a flotilla that has made its way around the warships and ferried roughly 9 million barrels of oil to the market. Read More