Oil prices higher after Iran-linked drone strikes kill three U.S. troops, Biden vows retaliation
Oil prices advanced early Monday after missiles launched by Iran-backed militants killed U.S. troops in Jordan on the weekend.
Lee Ying Shan in asian news
Commodity markets are in a 'super squeeze' — and higher prices could be here to stay
Global commodity markets are in a "super squeeze" amid supply disruptions and lack of investment — and it's only going to get worse as geopolitical and climate risks exacerbate the situation, HSBC said.
Uranium prices could rally past 16-year highs as the world's largest producer runs short
The uranium renaissance has a slight hitch: the world's largest producer of the yellowcake is staring at a production snag over the next two years.
Iran warns the U.S. not to 'tie their destiny' to the fate of Israel's Netanyahu
Iran's foreign minister warned the U.S. not to "tie their destiny" to the fate of Prime Minister Benjamin Netanyahu, and said Washington's full support for Israel is "the root of insecurity in the region."
Air freight rates could spike as Red Sea attacks disrupt shipments via sea
The Houthi attacks in the Red Sea are not only driving up sea freight — air freights are going to get higher too, as global trade flows get increasingly disrupted.
Global shipping recession could end as freight rates soar on Red Sea troubles
Vessels transiting the Red Sea have faced attacks over the past several weeks from Yemen-based Houthis, prompting shipping companies to change routes, leading to a spike in freight rates.