Oil rises 1% as Iran crisis disrupts Middle East supply

Oil prices rose 1% today as the US-Israeli war on Iran disrupted Middle East supplies, but the pace of gains slowed from past sessions after President Donald Trump raised the possibility of the US Navy escorting vessels through the Strait of Hormuz.

Indonesia will keep budget deficit below 3% of GDP as Middle East conflict lifts oil prices, minister says

A quarter of Indonesia's crude oil imports come from the Middle East, while the region also accounts for 30 per cent of the country's liquefied petroleum gas (LPG) imports.

Global oil, gas prices soar as Iran crisis disrupts production

LONDON (Reuters) -- Global oil and gas prices jumped Tuesday as the US-Israeli war on Iran ‌halted energy exports from the Middle East, with Tehran attacking ships and energy facilities, closing navigation in the Gulf and forcing production stoppages from Qatar to Iraq. The benchmark Brent Crude oil contract settled up $3.66, or up 4.7 percent, at $81.40 a barrel, its highest settlement since January 2025. European gas prices soared as much as 40 percent before paring gains, adding to a 40 perce

By The Korea Herald

Indian Airlines Plan To Operate 58 Flights To Middle East Today

The government on Tuesday said airlines have undertaken calibrated adjustments to their schedules and plan to operate 58 flights on March 4 amid the Middle East crisis.