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Search Result for “oil”

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WORLD

Peace efforts stall as US examines latest Iran proposal

AFP, Published on 28/04/2026

» WASHINGTON (UNITED STATES) - Efforts to end the Middle East war appeared at a standstill on Tuesday, with the US considering Tehran's latest offer to unblock the Strait of Hormuz, and Iran saying Washington could no longer dictate terms.

WORLD

EU urges Asean to shun Russian oil

Published on 28/04/2026

» BANDAR SERI BEGAWAN, Brunei - The European Union’s top diplomat has urged partner countries in Southeast Asia not to turn to Russia for oil supplies as they try to cope with ​widespread fuel shortages caused ⁠by the Middle East conflict.

WORLD

Russian oligarch’s superyacht clears Hormuz

Published on 28/04/2026

» A luxury superyacht linked to a Russian oligarch passed through the Strait of Hormuz over the weekend, data showed Tuesday, despite the parallel blockades maintained there by the United States and Iran.

BUSINESS

UAE quits Opec in blow to global oil cartel

Published on 28/04/2026

» DUBAI - The United Arab Emirates said on Tuesday it was quitting Opec and ​Opec+, dealing a heavy blow to the ‌oil exporting groups and their de facto leader, Saudi Arabia, at a time when the Iran war has caused a historic energy shock and unsettled the global economy.

WORLD

War in the Middle East: latest developments

AFP, Published on 28/04/2026

» PARIS — The latest developments in the Middle East war:

THAILAND

Thai foreign minister voices frustration with US

Published on 28/04/2026

» Thai Foreign Minister Sihasak Phuangketkeow has expressed frustration with the United States, saying the country has received no offers of help from Washington with the wide-ranging economic damage from the American-Israeli war against Iran.

WORLD

S. Korea probes syringe hoarding as war hits plastic makers

AFP, Published on 28/04/2026

» SEOUL - South Korean police said on Tuesday they were investigating firms suspected of hoarding medical syringes, as the Middle East war hits supplies of an oil-derived component crucial for making many plastic goods.

WORLD

Crude price edges up as Trump considers latest Iran proposal

AFP, Published on 28/04/2026

» HONG KONG - Oil prices edged up and stocks wavered Tuesday as Donald Trump weighed an Iranian proposal that would reportedly re-open the Strait of Hormuz and end the eight-week-old war.

WORLD

Nations gather for fossil-fuel exit talks

AFP, Published on 28/04/2026

» SANTA MARTA, Colombia - Representatives of about 50 governments meet in Colombia on Tuesday for the first international talks on phasing out planet-heating fossil fuels, against a  backdrop of the Iran war and a global energy crunch.

BUSINESS

Car market posts growth in March

Business, Lamonphet Apisitniran, Published on 28/04/2026

» Thailand's domestic car market accelerated in March, with sales climbing 7% year-on-year to 59,865 units, driven by surging demand for electric vehicles (EVs) as consumers sought relief from rising oil prices amid Middle East tensions, according to the Federation of Thai Industries (FTI).