Proplastics weathers the storm as global tensions test resilience
The Q1 20206 trading update from Proplastics paints the picture of a company navigating a difficult operating environment while still delivering strong growth.
Iran war: Trump threatens ‘much higher level’ attacks if no deal
President Donald Trump has said the US will start bombing Iran “at a much higher level and intensity” than before the ceaasefire if Iran does not agree on a deal.
Omnia Zim parent shrugs off Hormuz crisis, ensures fertilizer supply
Omnia Fertilizer Zimbabwe’s South Africa-headquartered parent, Omnia Holdings Limited (Omnia), says it can absorb the raw materials supply shocks caused by the on-going disruptions of the Strait of Hormuz.
Trump says Hormuz operation paused amid US, Tehran talks
US President Donald Trump has paused the US military’s “Project Freedom” operation to open the Strait of Hormuz, due to “great progress” being made towards a “complete and final agreement with the representatives of Iran”.
UK govt permits flight cancellations to conserve fuel
British airlines have been granted government authorization to cancel or merge flights this summer season to save aviation fuel.
The obvious solution to the global oil shock finally makes sense
If oil is in such short supply, why can’t we simply drill more of it?
African govts need to take urgent action on fertiliser shortages
The conflict between the United States, Israel and Iran is disrupting global fertiliser trade flows – and this stands to leave millions of African farmers without the ammonia, urea, phosphate, sulphur and other fertiliser inputs vital to growing more food in sub-Saharan Africa.
Oil prices increase after Iran doubles down on Strait of Hormuz closure, accuses US of undermining trust
Brent crude, the international benchmark, has gone up about 2.14 percent to $107.58. US crude increased 2.08 percent to $96.36.
Oil prices rise as Iran restricts access to Strait of Hormuz, ceasefire nears expiration
Brent crude, the international benchmark, is up about 7 percent to $96.88, after settling on Friday at its lowest level since March 10 on news Iran would reopen the strait. US crude was up 7 percent to $90.33.
If the war’s over, when does everything go back to normal?
If the war is actually ending, the logical question from anyone who has filled a gas tank over the past month is: When will prices return to where they were before the war?