News #Middle East

Ship-refuelling companies along Africa’s coastline are seeing a surge in demand as global shipping routes shift away from the Middle East, boosting the continent’s role as a key bunkering hub.

U.S. crude oil on Friday posted its biggest weekly gain in futures trading history, as the escalating war in the Middle East has triggered a major disruption to global fuel supplies.

With the Middle East war rattling global markets, gold is once again drawing attention as a potential safe-haven investment.

Several airlines across Asia and Europe have cancelled flights and suspended operations following the widespread closure of Middle East airspace.