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Business

  • Citibank
A precautionary measure
Citibank closes UAE branches temporarily
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  • Energy disruptions
Emergency stockpiles of more than 1.2 billion barrels
IEA announces record oil stockpile release of 400 million barrels
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  • Energy disruptions
Record oil exports from Iran were about 3.79 million bpd in the week of February 16
Iran's oil flows through Hormuz even as Gulf neighbours’ exports shut
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  • Strait of Hormuz
Iran's attacks on carriers continue despite repeated US warnings
Three vessels hit by projectiles in Strait of Hormuz
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  • Middle East conflict
Smoke rises from a building following a reported strike in Tehran
Iran will target US-Israeli economic and banking interests in region
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  • Energy disruptions
Energy turmoil
Oil market on edge as IEA proposes historic reserve release
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  • Iran war-Technology
A frontline in modern warfare
California-based firm limits access to Middle East imagery
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  • Energy disruptions
Surging prices threaten to slow global economic activity
US urges Israel to halt strikes on Iran energy sites as diesel prices surge
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  • Energy disruptions
Precautionary measure
ADNOC shuts Ruwais refinery after drone strike sparks fire
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  • Middle East conflict
Will he end the war soon?
Investors place strong bets that Trump will end Iran war soon
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  • Travel industry
Coping with risks
Airlines raise fares as Middle East conflict sends fuel prices soaring
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Subsidized bread is a cornerstone of Egypt's social safety net
Egypt maintains subsidized bread price despite fuel price hike
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  • Saudi Aramco
Aramco CEO says Hormuz disruption is the oil industry's "biggest crisis"
Aramco warns of 'catastrophic consequences' for oil markets if Hormuz strait remains blocked
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  • Oil Market
Saudi Arabia has lowered its oil output by 2 million to 2.5 million bpd
Middle East countries cut daily oil output amid Iran war
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  • US-Turkish ties
Legal saga ends
US settles Halkbank criminal case, advances Iran sanctions policy
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  • Saudi Aramco
Even Aramco feels the heat from Iran conflict
Saudi Aramco cuts output at two oilfields amid Strait of Hormuz crisis
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