The multinational cigarette producer blamed it on a plunge in profit in 2025

Despite the surge, the price was below the level it reached in January

It was shut as a precautionary measure and the situation is under control, the source said.

The grounding of ships around the Gulf and the paralysis of the Strait of Hormuz represent a significant upheaval for a wide range of sectors

Much of the oil flows to Asia, and particularly China which was the main buyer of Iranian crude

Military strikes by the United States and Israel on Iran showed no sign of lessening, while Iran responded with missile barrages across the region, risking dragging its neighbours into the conflict.

Global air travel remained in turmoil on Monday as war in Iran forced the closure of key Middle Eastern hubs including Dubai and Doha for a third day

Global energy markets face one of their gravest shocks in decades as joint US and Israeli strikes on Iran and Tehran’s retaliatory missile attacks across the Gulf disrupt oil exports from the world’s most important producing region.

Gold rose to near a one-month high on Friday and was headed for a seventh straight month of gains, supported by geopolitical tensions after the United States and Iran extended nuclear talks, while softer US Treasury yields further boosted bullion.

Green Pure Houseware (BD) Co Ltd, a China (Hong Kong)-based company, is set to invest $30.47 million to set up a manufacturing plant in the Bepza Economic Zone.

Only one out of seven vessels owned by the Bangladesh Shipping Corporation is now in the Gulf region

Oil could spike to $100 a barrel, analysts say

This is the highest amount in at least seven fiscal years

The Strait of Hormuz links the Gulf to the Indian Ocean and is situated between Iran and Oman's Musandam exclave

The conflict could certainly severely disrupt global oil supplies and send barrel prices soaring to a level not seen in years

Barring a swift resolution, oil prices will likely see steep increases when trading opens on Monday morning

US producer prices rose more than analysts expected in January, government data showed Friday, boosted by services costs.

India’s economy grew at a faster pace than expected in the last quarter of 2025 driven by solid consumer spending, data showed Friday, using a new framework that calculates economic output more accurately.

The US strikes against Iran could severely disrupt the global supply of crude oil and send prices soaring to levels not seen in years.

OpenAI announced Friday a massive $110 billion funding round valuing the ChatGPT maker at $730 billion, with SoftBank, Nvidia and Amazon each making multi-billion-dollar commitments as the artificial intelligence company races to meet surging global demand.