Oil prices were little changed on Monday as optimism over talks to reopen the Strait of Hormuz was tempered by Iran’s insistence that the US must satisfy several demands before the waterway could reopen.

China is singlehandedly doing the heavy lifting of cutting crude oil demand in Asia to compensate for reduced shipments from the Middle East as a result of the Iran war.

For anyone in Europe who still thought climate change was a problem for future generations, this summer’s sweltering heatwaves have brought home the reality that its costly and life-altering economic impacts have already arrived.

Brent crude futures rose 84 cents, or 1 percent, to $84.39 a barrel by 0424 GMT

Riyadh Air, Saudi Arabia’s new national carrier, has launched daily direct flights between Riyadh and Dhaka, adding another option for passengers travelling between the two countries.

The dollar fell against major currencies including the yen and euro on Friday after US employment unexpectedly declined in July, fueling concerns about the economy’s strength and undermining the case for the Federal Reserve to raise interest rates.

The United States unexpectedly lost thousands of jobs in July, government data showed Friday, a blow to US President Donald Trump’s claims of leading an economic revival as his Republican Party gears up for crucial midterm elections.

China’s consumer and factory prices grew slower than expected last month, official data showed Sunday, as the world’s second-largest economy confronts persistent deflationary pressure.

Mahzad Azari has to choose between food and transportation, between learning English and new eyeglasses, as five months of war with the United States take a financial toll on Iranians.

The Bangladesh Energy Regulatory Commission (BERC) has raised the prices of jet fuel for domestic and international airlines by over 21 percent, which is expected to have an impact on travel costs in the days to come.

From midnight tonight, Jet A-1 price will be Tk 159.52 a litre, $1.0358 for international flights

The consumer price index, a key gauge of inflation, eased to 0.5 percent year-on-year

Algeria has sought greater Bangladeshi investment in its manufacturing sector, offering government support to businesses as the two countries look to expand trade and investment ties, Algerian Ambassador to Bangladesh Abdelouahab Saidani said on Friday.

Chinese exports and imports soared in July, official data showed Friday, as the manufacturing powerhouse benefits from a global AI boom lifting overseas demand for its tech products.

The lasting legacy of the Iran war will likely be a renewed impetus for energy-importing nations to lessen their dependence on fossil fuels.

Brent crude futures settled at $83.55 a barrel

The world's second-largest economy last year achieved a historic trade surplus of nearly $1.2 trillion

The world's largest economy lost 23,000 jobs in July

Gold rose for a fourth session on Thursday and touched its highest level in seven weeks, helped by a softer dollar, while market participants assessed the chances of the Strait of Hormuz reopening.

The government has given in-principle approval to directly procure eight cargoes of liquefied natural gas (LNG) to meet emergency domestic energy needs.