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Search Result for “strait of hormuz closure”

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BUSINESS

Crude prices plunge, stocks surge as US and Iran agree ceasefire

AFP, Published on 08/04/2026

» HONG KONG — Oil prices plunged on Wednesday while stocks rallied after the United States and Iran agreed to a two-week ceasefire that will see Tehran temporarily reopen the vital Strait of Hormuz.

WORLD

Oil dives, stocks surge as Trump agrees to two-week ceasefire

Reuters, Published on 08/04/2026

» SINGAPORE: Oil prices dived, ​bonds rallied and stocks surged on Wednesday after a two-week ceasefire in ​the Middle East spurred a ‌relief rally as investors cheered the possible resumption of oil and gas flowing through the Strait of Hormuz.

LEARNING

Petrol stations may be closed overnight

Gary Boyle, Published on 08/04/2026

» Petrol stations may be ordered to close from 10pm to 5am after Songkran, to help conserve fuel, Prime Minister Anutin Charnvirakul warned on Tuesday.

PROPERTY

KKP sees housing prices rising 10% amid oil crisis

Business, Somruedi Banchongduang, Published on 08/04/2026

» Kiatnakin Phatra Financial Group (KKP) forecasts that a surge in global oil prices will push housing prices up by 10% this year, primarily affecting homebuyers in the mass-market segment.

WORLD

Trump says he has agreed to suspend 'bombing and attack of Iran' for two weeks

Reuters, Published on 08/04/2026

» WASHINGTON: U.S. President Donald Trump ​said on ‌Tuesday he has agreed "to suspend the bombing and attack of Iran for a period of two weeks." Trump said ​he ⁠spoke to leaders in Pakistan, which has been a mediator between Washington and ‌Tehran and which had sought a two-week ceasefire in the Iran war.

WORLD

Trump branded 'crazy' over apocalyptic Iran threats

AFP, Published on 08/04/2026

» WASHINGTON (UNITED STATES) - Donald Trump is no stranger to provocative language. But his threat to wipe out Iranian civilization and other recent menacing comments have prompted critics to question the US president's mental health.

WORLD

Pakistan makes last-minute bid to avert Trump threat to destroy Iran

AFP, Published on 08/04/2026

» TEHRAN - Pakistan made a last-minute proposal Tuesday to avert catastrophic US attacks on Iran, hours ahead of a deadline set by President Donald Trump who warned a "whole civilization will die tonight".

THAILAND

Action urged on chemical fertilisers

News, Aekarach Sattaburuth and Praset Tangprasert, Published on 08/04/2026

» The government has been urged to negotiate with Russia and China to increase imports of chemical fertilisers, warning that any disruption linked to the closure of the Strait of Hormuz could trigger severe shortages in the farm sector and push food prices sharply higher after this month.

WORLD

War in the Middle East: latest developments

AFP, Published on 08/04/2026

» PARIS (FRANCE) - The latest developments in the Middle East war:

OPINION

Asean banks face climate pressure

Oped, Rachel Ho, Published on 08/04/2026

» The global oil and gas crisis is worsening. Amid the Middle East war, the central banks of countries in Southeast Asia must address a perfect storm of rising fuel prices, cost-of-living pressures, and worsening impacts of climate disasters.