Bloomberg Breaking

Saudi Arabia raised the price of its main oil grade to Asia to a record as Iran’s near closure of the Strait of Hormuz throttles regional energy flows and uncertainty over the duration of the conflict convulses markets.

Emerging market assets gained in thin holiday trading, buoyed by investor hopes for a ceasefire in the Middle East conflict.

Shares of PT Barito Renewables Energy tumbled Monday to their lowest in more than two years after the Indonesian stock exchange flagged the company for having a highly concentrated shareholder base.

Iraq has told Asian traders and refiners they can load its crude as vessels carrying the country’s oil are now able to transit the Strait of Hormuz thanks to an Iranian exemption, testing buyers’ confidence in the security guarantee.

Two tankers carrying liquefied natural gas from Qatar appear to be heading toward the Strait of Hormuz, and an exit from the Persian Gulf would mark the first export to buyers outside of the region since the war started.

The Indian rupee climbed, extending its biggest rally in 12 years after the central bank doubled down on curbing speculation against the local currency.

Hedge funds have turned net bullish on wheat for the first time in nearly four years, betting on higher prices driven by dry weather in the US and a shortage of fertilizer and fuel arising from the war in the Middle East.

Markets have a lot to weigh up, but optimism took a bruising over Easter weekend. 

Cambridge Professor Helen Thompson warns that energy disruption triggered by the US-Israel attack on Iran is exposing deep vulnerabilities.

Foreign investors earn less after protecting against currency swings.

India’s bank stocks are likely to face further losses as the central bank tightens its grip on rupee trading and rising energy prices weigh on profit outlooks, analysts say.

Gold clawed back some losses after a report about a diplomatic push for a ceasefire to the war in Iran, even as President Donald Trump ramped up his threats of escalation to the conflict that’s roiled global markets.

Oil steadied as traders tracked a report of a push for a ceasefire in the Middle East, after President Donald Trump had announced a fresh ultimatum on Iran if the Strait of Hormuz was not reopened.

Trump’s regulators are reshaping rules, potentially making it harder for banks to eject clients over suspicious behavior.

Stocks rose and crude oil pared gains as investors took some comfort on signs the impact of the six-week-old Middle East conflict may be contained, and after a report that Iran is pushing for a ceasefire.

A Suezmax oil tanker hauling about 1 million barrels of Iraqi crude exited the Persian Gulf via a northerly route through Iranian waters on Sunday morning, according to vessel-tracking data compiled by Bloomberg.

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