548 stories · Page 12 of 55
On 13 Apr 2026, U.S. indices closed 0.6-1.2 % higher despite President Trump ordering a naval blockade of the Strait of Hormuz, a move that sent WTI crude up nearly 3 % and positioned key Asian benchmarks (STI 5,000, Nikkei 56,500, KOSPI 5,810, KLCI 1,680) to open stronger the next day.
Facing a 44-day spike in oil and gas prices from the Strait of Hormuz blockade, Brussels will next week unveil coordinated demand cuts, joint stock releases and a temporary easing of state-aid rules to cushion the shock ahead of the 22-23 April Cyprus summit.
On 13 Apr 2026, the Paris Criminal Court ruled that Lafarge and eight former executives illegally bankrolled jihadist groups to keep a Syrian cement plant running, imposing the maximum corporate fine and ordering ex-CEO Bruno Lafont to begin a six-year prison term at once.
Minutes after CENTCOM fixed 13 Apr 2026 for a total blockade of Iranian ports, Iran’s Khatam al-Anbiya HQ vowed to bar U.S./Israeli ships from the Strait of Hormuz and warned that any threat to Iranian ports would put every Gulf port at risk.
On 13 Apr 2026, Brent crude leapt above $103 immediately after Washington declared a naval blockade restricting all Iranian port traffic through the Strait of Hormuz.
On 12 Apr 2026 Riyadh announced it had returned the East-West crude pipeline and the Manifa field to pre-attack levels within 72 hours of strikes that had knocked out 700 kbpd of throughput and 300 kbpd of output, leaving only the Khurais field still partly offline.
On 11 April 2026 New Delhi raised the export duty on diesel from ₹21.5 to ₹55.5 per litre and on aviation turbine fuel from ₹29.5 to ₹42 per litre, taking effect immediately to choke off refiners’ export-led windfalls amid West Asian war-driven price spikes.
On 11 Apr 2026, pilots’ union Vereinigung Cockpit announced a two-day strike across Lufthansa Group for 13–14 April, intensifying the labour conflict that had already grounded most flights during a cabin-crew stoppage on 10 April.
Counterpoint’s preliminary Q1 2026 figures show Apple growing iPhone shipments 5 % YoY to seize a 21 % global share, nudging past Samsung in a March quarter for the first time while total smartphone volumes slipped 6 %.
On 9 Apr 2026 IMF chief Kristalina Georgieva said the Fund will cut its upcoming World Economic Outlook and is bracing to lend up to $50 billion to countries hit by the US-Israel–Iran war’s energy shock.
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