Global Markets Rattled by Middle East Tensions, Hormuz Fears, and Regional Energy Crises
Global oil prices are climbing and stock markets are falling as investors perceive no immediate end to the ongoing war, exacerbating Middle East tensions and driving up fuel costs. Markets are particularly rattled by concerns over a potential blockage of the Strait of Hormuz, with Wall Street's 'fear gauge' spiking and Asian airlines raising ticket prices, contributing to looming energy crises in regions like the Philippines.
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The Other Markets Being Rattled by the Blockage of Hormuz - WSJ
The Other Markets Being Rattled by the Blockage of Hormuz WSJ
Read full article →Victorians get free public transport for a month in bid to ease surge in fuel demand
Allan government says measure is temporary as energy shock from Middle East conflict sees petrol prices soar Get our breaking news email, free app or daily news podcast Public transport will be free in Victoria for a month, in an effort to encourage people to switch from driving and alleviate the surge in demand for fuel. The Allan government announced on Sunday that it would make all metro and regional V/Line trams, trains and buses free from 31 March until the end of April. Continue read...
By Catie McLeod Consumer affairs reporter
Read full article →Shipping costs surge as fuel prices hit near-record highs
Read full article →Free public transit proposed to combat rising costs amid Middle East conflict
Cho Kuk, chair of the minor Rebuilding Korea Party, proposed temporary public transport discounts to help ease rising living expenses in South Korea as war in the Middle East drags on. In a post shared to his Facebook account on Sunday, Cho wrote that a fully-subsidized, fare-free public transit scheme for daily commuters could be included in the administration's upcoming 25 trillion won ($17 billion) extra budget. "We should refrain from focusing government support measures on vehicle owners,"
By The Korea Herald
Read full article →Defense stocks rise, autos, shipbuilders fall amid Middle East tensions - Yonhap News Agency
Defense stocks rise, autos, shipbuilders fall amid Middle East tensions Yonhap News Agency
Read full article →Top 5 News This Week: Zaldy Co, Sara Duterte, Google & Meta, the Strait of Hormuz
And the looming energy crisis in the Philippines caused by war in the Middle East
By Rappler.com, JC Gotinga
Read full article →Rising fuel costs lift ‘palaspas’ prices this Palm Sunday
LUCENA CITY — Vendors of “palaspas” (woven palm fronds) raised prices this year, passing on higher production and transport costs fueled by continuing oil price hikes amid the war in Middle East. “All prices have gone up, so we were also forced to increase the price of palaspas,” said Maria Sembrano, 65, who has been
By jbarrion
Read full article →Fishermen seek relief for rising costs
The National Fisheries Association of Thailand will hold a general meeting on Monday to discuss rising fuel costs and seafood prices and propose relief measures for the industry.
Read full article →Oil to get more expensive this week as Middle East tensions escalate - Gulf News
Oil to get more expensive this week as Middle East tensions escalate Gulf News
Read full article →Asian Airlines Raise Ticket Prices as Fuel Costs Surge - Tempo.co English
Asian Airlines Raise Ticket Prices as Fuel Costs Surge Tempo.co English
Read full article →Oil climbs, stocks fall as markets see no end to war - Kuwait Times
Oil climbs, stocks fall as markets see no end to war Kuwait Times
Read full article →Coverage Timeline
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