President Trump's fluctuating stance, from tough to lenient, on Iran has Gulf allies concerned that the US may abandon the region and withdraw from the conflict, analysts say.
The import tax on petroleum products has been extended at 0% for an additional two months, until 30/6, with three more items added to the preferential list, according to a government resolution.
Brazil, Germany, Canada, and dozens of other countries are meeting to discuss ending fossil fuel use amid an energy crisis sparked by the Middle East conflict.
Some vessels have paid as much as 4 million USD for a transit slot through the Panama Canal, over ten times the usual cost, as disruptions continue in the Strait of Hormuz.
Following an announcement of a 30% price increase for condoms from a leading global manufacturer, Chinese social media users are calling on each other to stockpile products to save costs.
SCG will temporarily suspend operations at the Long Son Petrochemical Complex from mid-May, citing the Middle East conflict's impact on raw material supplies.
Global urea fertilizer prices surged 70% due to the Middle East conflict, but China has stabilized its supply and prices by producing this commodity from coal.
Many pilots are concerned about disciplinary action, pay cuts, or dismissal if they refuse to operate flights through Middle Eastern airspace amid escalating conflict.
