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War weighs on Egypt’s private sector as PMI hits near two-year low in March

April 5 (Reuters) - Egypt's non-oil private sector deteriorated at its sharpest pace in almost two years in March, as the Middle East war drove up costs and dampened client demand, a closely watched business survey showed on Sunday. The headline S&P Global Egypt Purchasing ...
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Sweden releases sanctioned tanker due to lack of evidence it caused oil spill

FRANKFURT, Germany (AP) - Swedish authorities have released a tanker sanctioned by the European Union that had been boarded and detained on suspicion of causing an oil spill in the Baltic Sea. The Swedish Coast Guard said they had not found sufficient evidence that ...
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OPEC+ agrees to boost oil output when Strait of Hormuz reopens

By Olesya Astakhova, Alex Lawler and Ahmad Ghaddar MOSCOW/LONDON, April 5 (Reuters) - OPEC+ agreed on Sunday to raise its oil output quotas by 206,000 barrels per day for May, a modest rise that will largely exist on paper as its key members are unable ...
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The Media Line: Iraq Reroutes Oil Exports Through Syria After Gulf Supply Disruptions   

Iraq Reroutes Oil Exports Through Syria After Gulf Supply Disruptions Rizik Alabi/The Media Line Iraq has announced the start of oil exports through Syrian territory following the disruption of traditional supply routes via during the closure of the Strait of Hormuz. ...
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Screenwriters union and Hollywood studios reach four-year tentative agreement

LOS ANGELES (AP) - The screenwriters union and Hollywood studios reached a surprise four-year tentative agreement after roughly three weeks of negotiation. The Writers Guild of America West said on X that its negotiating committee unanimously approved a tentative agreement with The Alliance of ...
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ISS recommends vote against BP board’s move to scrap some climate reporting

By Shadia Nasralla LONDON, April 4 (Reuters) - Influential proxy adviser Institutional Shareholder Services (ISS) has recommended a vote against the BP board's move to revoke some previous company-specific climate reporting resolutions, according to a note seen by Reuters. It is relatively rare for large shareholder ...
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India makes first Iranian oil buy in seven years with no payment problems

By Nidhi Verma April 4 (Reuters) - Indian refiners have purchased Iranian oil amid the Middle East conflict that has disrupted supplies through the Strait of Hormuz, the oil ministry said on Saturday. The world's third-biggest oil importer and consumer, India has not received a cargo ...
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Taiwan says it has assurances over LNG supplies from ‘major’ country

TAIPEI, April 4 (Reuters) - Taiwan has received supply assurances from the energy minister of a "major" liquefied natural gas-producing country, the island's economy minister said on Saturday, speaking about the Iran war's impact on Middle East energy imports. Taiwan, a major semiconductor producer, had ...
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A fire at a gas lighter factory near Bangladesh’s capital kills 5 people

DHAKA, Bangladesh (AP) - A fire broke out at a factory manufacturing gas lighters near Bangladesh 's capital on Saturday afternoon, leaving at least five people dead, authorities said. The blaze broke out in the Kadamtali area of Keraniganj near Dhaka, according to the fire ...
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European ministers call for profit caps on energy companies as Iran war drives price surge

The finance ministers of Spain and four other European countries are urging the European Union to impose a bloc-wide windfall tax on energy companies, concerned that surging oil and gas prices driven by the war in Iran will fuel inflation and strain households. Spanish Economy ...
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Senegal limits foreign trips for officials as the fallout from Iran war deepens

DAKAR, Senegal (AP) - The Senegalese government has banned all but essential foreign trips for government ministers as part of cost-saving measures triggered by the energy crisis linked to the Iran war. Senegal, like many African countries, imports most of the petroleum products it ...
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Housing market trends favor home shoppers, but Iran war clouds the outlook for mortgage rates

LOS ANGELES (AP) - The economic fallout from the war with Iran is driving up the cost of buying a home, even as other housing market trends in many parts of the country favor home shoppers this spring. Mortgage rates have been rising since the ...
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