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South Korea’s Consumer Price Surge in March Linked to Oil Costs

Seoul: South Korea’s consumer prices rose 2.2 percent year-on-year in March, driven by rising global oil prices due to ongoing tensions in the Middle East and the closure of the Strait of Hormuz. This figure represents the largest annual increase sinc…

Iraq Ministry of Oil Begins Exporting Through Syria

Baghdad: The Iraqi Ministry of Oil announced that it has begun exporting crude oil by tanker through Syria, in preparation for delivering it to export outlets, after the disruption of maritime exports through the Strait of Hormuz.

According to Qatar…

Mwani Qatar: Ports Receive Over 44,000 TEUs in March 2026

Doha: Mwani Qatar ports received over 44,000 TEUs in March 2026, in addition to handling approximately 31,000 tons of general cargo, and more than 40,000 tons of bulk cargo.

According to Qatar News Agency, in a post on X, Mwani Qatar said that over …

Oil Prices Surge Over 4% Following Trump’s Address

Washington: Oil prices jumped by more than four dollars during early trading today, following US President Donald Trump’s address, in which he confirmed that strikes on Iran would continue. Brent crude futures rose by as much as $4.88, or 4.8 percent,…