Thailand’s economic growth and tourist arrivals are forecast to drop this year as the Middle East war roils global energy prices, the finance ministry said Tuesday.

Oil prices rose nearly 3 percent on Tuesday, extending the previous session’s gains, as ‌efforts to end the US-Iran war appeared to have stalled, with the crucial Strait of Hormuz waterway still mainly shut, starving markets of key Middle East energy supply.

Ryanair, Transavia, Volotea and other low-cost airlines are feeling the financial pain from high jet fuel prices as a result of the Middle East war and are cutting flights.

Brent T. Christensen joins AmCham luncheon dialogue

Growth in the Southeast Asian nation is anaemic, with the tourism sector vital but arrivals yet to return to their pre-Covid highs

Reuters compiled a list of the five best-selling electric vehicles in China that start under $12,000 using ​DCar data

Brent crude futures for June climbed $1.41, or 1.3 percent, to $109.64 a barrel

The US has stepped in to shield the global economy from the oil crunch triggered by the Iran war by boosting exports, selectively easing sanctions and tapping strategic reserves. The conflict may be denting Washington’s standing in some quarters, but it is also cementing its transformation into the world’s dominant energy superpower.

Global oil price shocks are likely to affect Bangladesh’s economy mainly through higher inflation, a weaker exchange rate, and limited output losses

No restriction on movement of perishable goods, medical patients

Oil prices rose more than one percent Monday

Liquefied natural gas (LNG) supplies are likely to remain strained through the end of 2027 due to disruptions and infrastructure damage from the US-Iran war, the International Energy Agency said Friday.

India has ramped up purchases of Russian oil and revived alternate supplies from Africa, Iran and Venezuela to blunt a sharp crude shortfall from the crisis-ridden Middle East, analysts say.

Beza chief sets 180-day roadmap to break deadlock

The Federal Reserve's two-day meeting, starting Tuesday, could be chairman Jerome Powell's last at the helm

India, the world's third-largest oil buyer, normally sources about half of its crude through the Strait of Hormuz

Oil prices whipsawed in volatile trade on Friday, but were ‌higher on the week, as traders weighed supply disruptions against the potential restart of peace talks between the US and Iran that could help limit those disruptions.

The power situation remains concerning at present, says BKMEA president

The University of Michigan's Surveys of Consumers said its Consumer Sentiment Index dropped to a final reading of 49.8 this month, an all-time low

The pact marks a rare embrace by President Donald Trump's administration of the role of the EU