About 2,000 ships stranded in Gulf await Strait of Hormuz passage; reopening won't end shipping obstacles.

Asia jet fuel exports to California fall to decade low, pressuring West Coast air travel amid Iran war.

Jet fuel exports from Asia to California are at the lowest point in at least a decade, adding another pressure point to a burgeoning air travel crunch on the West Coast stemming from the war on Iran.

European aluminium billet premiums double as conflict involving Iran disrupts supply chains, increasing costs for regional consumers.

European aluminium billet premiums have doubled following supply disruptions caused by the conflict involving Iran, placing significant pressure on consumers.

The IMF is reportedly demanding Ukraine impose a 20% VAT on all imported parcels to secure $8.1 billion in funding. The measure is a condition for the upcoming June review of the country's financing program.

The International Monetary Fund is reportedly requiring Ukraine to implement a 20% VAT on all imported parcels as a condition for releasing $8.1 billion in funding. This measure is identified as a requirement for the upcoming June review of the nation's financing program.

Orange signs €1.3 billion deal with CaixaBank, BNP Paribas to acquire Scorefit.

Orange has signed a €1.3 billion deal with CaixaBank and BNP Paribas to acquire Scorefit.