Tag: Crude oil markets
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Here’s what the Saudi East-West pipeline shutdown means for Asia’s biggest crude importers
The shutdown of Saudi’s key East-West pipeline stands to squeeze crude supply for Asian importers, with South Korea appearing the most directly exposed.
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Gasoline prices, over $4 per gallon, hit record high for Labor Day
With elevated prices for crude oil, a major component of gasoline, the price at the pump is higher than it’s ever been for the holiday weekend.
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Oil extends gains after U.S. and Iran strike ships
Oil extended gains on Monday as tit-for-tat strikes between the U.S. and Iran on vessels sailing in the Hormuz Strait and other areas raised prolonged supply shock concerns.
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China’s car market heads for worst year since 2021 as sales plunge 20%
Consumer demand for cars in China tumbles following record-high sales of 23.7 million units in 2025.
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Trump again threatens Iran with annihilation as Kuwait and Bahrain report attacks
Iran says it targeted U.S. military facilities in Kuwait and Bahrain following U.S. strikes on targets in and around the Strait of Hormuz.
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