Crude oil prices surged more than 4% on Thursday, with Brent crude climbing above $105 a barrel, as escalating attacks and disruptions along key Middle East shipping routes intensified concerns over global oil supplies. At around 8.44 pm IST, Brent crude was trading at $105.10 a barrel, up 4.24%, w»»»

DUBAI - Iran’s Strait of Hormuz body said on June 19 that it would waive planned fees to use the strait during a 60-day negotiation period under the memorandum of understanding signed with the United States this week. Ships seeking passage through the strait while the interim agreement is in force »»»

DUBAI, June 19 — Iran's Strait ‌of Hormuz body ​said on Friday it would waive ‌planned fees to use ​the strait during a 60-day negotiation period under the memorandum ​of understanding signed with the United States this week. Ships seeking passage through ‌the strait while ⁠the interim agreement ⁠i»»»

Kenya’s Lamu port continues to benefit from the war in the Middle East, which has stretched its throughput to the limit while giving it new status as an alternative logistics node in the region. What was once a near-moribund project is now emerging as a key alternative gateway on the Indian Ocean, »»»