Oil drops on profit-taking frenzy amid short-term supply hopes – but Hormuz chaos looms large
Oil price benchmarks pulled back sharply on profit-taking and short-term supply optimism, yet prices remain structurally elevated — Brent above $100, Murban holding a premium near $111, and WTI still in the low $90s. As of Wednesday (5.28am GMT, March 18, 2026): WTI crude surged to $93.09 (down $3.»»»
Qatar to hold Eid Al-Fitr prayers indoors amid current conditions
Doha, Qatar: Qatar's Ministry of Endowments and Islamic Affairs has announced that Eid Al-Fitr prayers this year will be held indoors at mosques across the country, citing concern for public safety amid current circumstances. A ministry statement said the decision was taken as a precaution to ensur»»»
Britain hit by ‘unprecedented’ meningitis outbreak, two students dead
Britain has been hit by an “unprecedented” meningitis outbreak, the country’s health minister warned Tuesday after two students died from catching a rare bacterial strain of the disease. So far, 15 cases have been reported. The outbreak has been linked to a Canterbury nightclub. The British health »»»
Perspective - British photographer Mark Neville on documenting four years of war in Ukraine
A British photographer who has spent the last four years living under near-daily attacks on Kyiv has told FRANCE 24 that his nervous system has adapted to the war in Ukraine. Mark Neville says he feels he now has an advantage over people living in the rest of Europe, as his body has naturally adapt»»»
Former Belgian diplomat first to stand trial over 1961 murder of Congo’s Lumumba
A former Belgian diplomat has been ordered to stand trial over the 1961 murder of Patrice Lumumba, who became the first prime minister of Congo after the country’s independence from Belgium. The 93-year-old suspect is the first person to be prosecuted in the case. All other suspects have passed awa»»»
About 90 ships cross the Strait of Hormuz as Iran exports millions of barrels of oil despite the war
About 90 ships including oil tankers have crossed the Strait of Hormuz since the outset of the war with Iran and it is still exporting millions of barrels of oil at a time when the waterway has been effectively closed, according to maritime and trade data platforms. Many of the vessels that passed »»»
Tesla, LG Energy confirm $4.3-billion battery production project in the US
Tesla and LG Energy Solution (LGES, a subsidiary of LG Chem) recently confirmed a major partnership for US battery production — focusing on energy storage rather than vehicle batteries. The US Department of the Interior announced this as part of the Indo-Pacific Energy Security Summit results in Ma»»»
Florida man executed for killing a young mum who had called 911 to no avail
STARKE, Florida: A Florida man was executed Tuesday evening for killing a young mother who frantically called 911 from her attacker's cellphone while tied up in his car. Michael Lee King, 54, was pronounced dead at 6:13 pm following a three-drug injection at Florida State Prison near Starke. He had»»»
Tesla opens free charging network across UAE, Saudi Arabia, Qatar
Dubai: Tesla has activated free Supercharging across key locations in the UAE and wider Gulf, offering immediate relief to electric vehicle users navigating rising uncertainty across the region. Sign up for our daily business newsletter, Cheques & Balances.The move took effect at midnight local tim»»»
Business - Oil eases amid signs Iran is allowing some tankers to pass through Strait of Hormuz
Global oil prices fell sharply on Monday after a Pakistan-bound oil tanker passed through the Strait of Hormuz with its transponder on. The decline came even as countries have so far rebuffed Donald Trump's request to send warships to escort vessels through the waterway. Meanwhile, the Interna»»»
Philippines down to its last three weeks of fuel reserves, turns to Russia for help
The Philippines is currently navigating a perilous and largely overlooked period of economic vulnerability: its national fuel supply could run out in around three to four weeks if international imports don't arrive soon. According to reports from The Manila Times, what was once a distant geopolitic»»»
INTERVIEW: Taiwan’s TSEC CORPORATION – mover and shaker in the nation’s solar sector
A leading name in the Taiwanese solar sector, TSEC has seen its valuation on the Taiwanese exchange skyrocket in recent months. As such, Newsbase’s AsiaElec sat down with Assistant Vice President in the Global Sales Department – Keiji Yasukawa – earlier in the month, at the firm’s Taipei HQ to ask »»»
Philippines down to its last three weeks of fuel reserves, turns to Russia for help
The Philippines is currently navigating a perilous and largely overlooked period of economic vulnerability: its national fuel supply could run out in around three to four weeks if international imports don't arrive soon. According to reports from The Manila Times, what was once a distant geopolitic»»»
Philippines down to its last three weeks of fuel reserves, turns to Russia for help
The Philippines is currently navigating a perilous and largely overlooked period of economic vulnerability: its national fuel supply could run out in around three to four weeks if international imports don't arrive soon. According to reports from The Manila Times, what was once a distant geopolitic»»»
Philippines down to its last three weeks of fuel reserves, turns to Russia for help
The Philippines is currently navigating a perilous and largely overlooked period of economic vulnerability: its national fuel supply could run out in around three to four weeks if international imports don't arrive soon. According to reports from The Manila Times, what was once a distant geopolitic»»»
INTERVIEW: Taiwan’s TSEC CORPORATION – mover and shaker in the nation’s solar sector
A leading name in the Taiwanese solar sector, TSEC has seen its valuation on the Taiwanese exchange skyrocket in recent months. As such, Newsbase’s AsiaElec sat down with Assistant Vice President in the Global Sales Department – Keiji Yasukawa – earlier in the month, at the firm’s Taipei HQ to ask »»»
Crisp crisis! Japan’s favourite snacks hit by 2026 oil shock
Japan’s snack lovers are facing a crunch - and not the good kind. Popular crisp maker Yamayoshi Seika has announced it is being forced to halt production of some of its best-selling potato chips after running into trouble sourcing the fuel needed to cook them. »»»
Philippines down to its last three weeks of fuel reserves, turns to Russia for help
The Philippines is currently navigating a perilous and largely overlooked period of economic vulnerability: its national fuel supply could run out in around three to four weeks if international imports don't arrive soon. According to reports from The Manila Times, what was once a distant geopolitic»»»
Philippines down to its last three weeks of fuel reserves, turns to Russia for help
The Philippines is currently navigating a perilous and largely overlooked period of economic vulnerability: its national fuel supply could run out in around three to four weeks if international imports don't arrive soon. According to reports from The Manila Times, what was once a distant geopolitic»»»
India denies media reports of Iran tanker swap deal
India's government has denied reports claiming that Iran has asked for the release of three tankers seized by Indian authorities in February 2026 in exchange for guaranteeing safe passage to Indian flagged vessels through the Persian Gulf and Strait of Hormuz, according to a report by All India Rad»»»
INTERVIEW: Taiwan’s TSEC CORPORATION – mover and shaker in the nation’s solar sector
A leading name in the Taiwanese solar sector, TSEC has seen its valuation on the Taiwanese exchange skyrocket in recent months. As such, Newsbase’s AsiaElec sat down with Assistant Vice President in the Global Sales Department – Keiji Yasukawa – earlier in the month, at the firm’s Taipei HQ to ask »»»
Chinese firms dominate supply chains sustaining Russia’s war effort, investigation finds
Thousands of Chinese companies have supplied goods to Russian firms linked to the country’s defence sector, highlighting Beijing’s central role in sustaining Moscow’s war effort despite its claims of neutrality, reported Newsweek. »»»
Philippines down to its last three weeks of fuel reserves, turns to Russia for help
The Philippines is currently navigating a perilous and largely overlooked period of economic vulnerability: its national fuel supply could run out in around three to four weeks if international imports don't arrive soon. According to reports from The Manila Times, what was once a distant geopolitic»»»
Russian power entities appear plagued by financing troubles in Central Asia
An important revenue stream in Central Asia for Russia appears in danger of slowing to a trickle. The international power sector has long been lucrative for Russia, via projects developed by Rosatom, the state-controlled a»»»
Russian power entities appear plagued by financing troubles in Central Asia
An important revenue stream in Central Asia for Russia appears in danger of slowing to a trickle. The international power sector has long been lucrative for Russia, via projects developed by Rosatom, the state-controlled a»»»
Colombia-Ecuador relations hit new low over border bombing row
Colombia and Ecuador were plunged into a fresh diplomatic crisis after President Gustavo Petro accused Quito of conducting aerial bombings on Colombian soil, claiming security forces discovered the charred remains of 27 people near the border, an allegation flatly rejected by Ecuadorean President D»»»
Colombia-Ecuador relations hit new low over border bombing row
Colombia and Ecuador were plunged into a fresh diplomatic crisis after President Gustavo Petro accused Quito of conducting aerial bombings on Colombian soil, claiming security forces discovered the charred remains of 27 people near the border, an allegation flatly rejected by Ecuadorean President D»»»
Colombia-Ecuador relations hit new low over border bombing row
Colombia and Ecuador were plunged into a fresh diplomatic crisis after President Gustavo Petro accused Quito of conducting aerial bombings on Colombian soil, claiming security forces discovered the charred remains of 27 people near the border, an allegation flatly rejected by Ecuadorean President D»»»
Philippines down to its last three weeks of fuel reserves, turns to Russia for help
The Philippines is currently navigating a perilous and largely overlooked period of economic vulnerability: its national fuel supply could run out in around three to four weeks if international imports don't arrive soon. According to reports from The Manila Times, what was once a distant geopolitic»»»
India denies media reports of Iran tanker swap deal
India's government has denied reports claiming that Iran has asked for the release of three tankers seized by Indian authorities in February 2026 in exchange for guaranteeing safe passage to Indian flagged vessels through the Persian Gulf and Strait of Hormuz, according to a report by All India Rad»»»
The US military running into trouble in Iran as it does not have the "Command of the Reload"
The war in Iran is quickly showing it’s not about firing more sophisticated weapons at your enemy. It’s about the “Command of the Reload:” being able to reload with the same weapons and keep firing. The US and ISrael»»»
Straits of Hormuz partially open under the new friendly country permit system
Iran has reportedly mined the deeper waters in the southern stretch of the Straits of Hormuz to force traffic to sail close to the northern shore, as traffic partially resumes under an informal permit system. The mines hav»»»
What has Iran hit so far?
A quick overview of what we know Iran has actually hit in this war — and the strategy that appears to be emerging. Satellite imagery, official statements, and open-source analysis suggest strikes on at least 17 installatio»»»
India denies media reports of Iran tanker swap deal
India's government has denied reports claiming that Iran has asked for the release of three tankers seized by Indian authorities in February 2026 in exchange for guaranteeing safe passage to Indian flagged vessels through the Persian Gulf and Strait of Hormuz, according to a report by All India Rad»»»
The US military running into trouble in Iran as it does not have the "Command of the Reload"
The war in Iran is quickly showing it’s not about firing more sophisticated weapons at your enemy. It’s about the “Command of the Reload:” being able to reload with the same weapons and keep firing. The US and ISrael»»»
BEIRUTER: India–Israel ties highlight a shifting Middle East order,
When Narendra Modi addressed the Knesset on February 26, 2026, the visit symbolized more than a diplomatic gesture between India and Israel. It revealed the contours of a shifting geopolitical landscape in the region. Standing alongside Israeli Prime Minister Benjamin Netanyahu, Modi highlighted de»»»
What has Iran hit so far?
A quick overview of what we know Iran has actually hit in this war — and the strategy that appears to be emerging. Satellite imagery, official statements, and open-source analysis suggest strikes on at least 17 installatio»»»
Straits of Hormuz partially open under the new friendly country permit system
Iran has reportedly mined the deeper waters in the southern stretch of the Straits of Hormuz to force traffic to sail close to the northern shore, as traffic partially resumes under an informal permit system. The mines hav»»»
Lebanon's Al-Qaa unveils 26-metre Christ statue on Syrian border as message of peace amid war
A 26-metre statue of Jesus Christ has been unveiled in the Lebanese border village of Al-Qaa, overlooking the Syrian frontier, in what its creator described as a message of peace at a time of escalating conflict across the region, local social media reported on March 17. »»»
BEIRUTER: India–Israel ties highlight a shifting Middle East order,
When Narendra Modi addressed the Knesset on February 26, 2026, the visit symbolized more than a diplomatic gesture between India and Israel. It revealed the contours of a shifting geopolitical landscape in the region. Standing alongside Israeli Prime Minister Benjamin Netanyahu, Modi highlighted de»»»
Straits of Hormuz partially open under the new friendly country permit system
Iran has reportedly mined the deeper waters in the southern stretch of the Straits of Hormuz to force traffic to sail close to the northern shore, as traffic partially resumes under an informal permit system. The mines hav»»»
The US military running into trouble in Iran as it does not have the "Command of the Reload"
The war in Iran is quickly showing it’s not about firing more sophisticated weapons at your enemy. It’s about the “Command of the Reload:” being able to reload with the same weapons and keep firing. The US and ISrael»»»
What has Iran hit so far?
A quick overview of what we know Iran has actually hit in this war — and the strategy that appears to be emerging. Satellite imagery, official statements, and open-source analysis suggest strikes on at least 17 installatio»»»
BEIRUTER: India–Israel ties highlight a shifting Middle East order,
When Narendra Modi addressed the Knesset on February 26, 2026, the visit symbolized more than a diplomatic gesture between India and Israel. It revealed the contours of a shifting geopolitical landscape in the region. Standing alongside Israeli Prime Minister Benjamin Netanyahu, Modi highlighted de»»»
Straits of Hormuz partially open under the new friendly country permit system
Iran has reportedly mined the deeper waters in the southern stretch of the Straits of Hormuz to force traffic to sail close to the northern shore, as traffic partially resumes under an informal permit system. The mines hav»»»
The US military running into trouble in Iran as it does not have the "Command of the Reload"
The war in Iran is quickly showing it’s not about firing more sophisticated weapons at your enemy. It’s about the “Command of the Reload:” being able to reload with the same weapons and keep firing. The US and ISrael»»»
BEIRUTER: India–Israel ties highlight a shifting Middle East order,
When Narendra Modi addressed the Knesset on February 26, 2026, the visit symbolized more than a diplomatic gesture between India and Israel. It revealed the contours of a shifting geopolitical landscape in the region. Standing alongside Israeli Prime Minister Benjamin Netanyahu, Modi highlighted de»»»
What has Iran hit so far?
A quick overview of what we know Iran has actually hit in this war — and the strategy that appears to be emerging. Satellite imagery, official statements, and open-source analysis suggest strikes on at least 17 installatio»»»
Straits of Hormuz partially open under the new friendly country permit system
Iran has reportedly mined the deeper waters in the southern stretch of the Straits of Hormuz to force traffic to sail close to the northern shore, as traffic partially resumes under an informal permit system. The mines hav»»»