Iran

Finance Minister Enoch Godongwana announced another round of temporary reductions to the fuel levy in response to a surge in fuel prices to record levels, following global disruptions to supply... 

Investment in alternative logistics routes in the Gulf to mitigate the impact of the Iran war could make the Strait of Hormuz "redundant" in the next five years, HSBC Group CE Georges Elhedery said... 

Aluminium is expected to swing into a surplus in 2027, potentially of more than one-million metric tons, as analysts eye a wave of new supply from Indonesia and a recovery in flows from Gulf... 

The International Energy Agency (IEA) agreed on Thursday to release over 20-million barrels of diesel to the market and any oil remaining from a record emergency reserves release pledged in March... 

Iranian missile attacks on Gulf smelters and the blocking of the Strait of Hormuz have knocked out almost 3-million metric tons of aluminium production capacity. Yet, eight months on, the market is... 

Industrial metals have come under broad pressure in recent weeks, falling 3.3% month-on-month as of October 7, as expectations of a more hawkish US Federal Reserve weighed on sentiment across the... 

The attacks this month on oil tankers along Middle East shipping routes sent crude prices soaring yet again and amplified the economic risks associated with the protracted conflicts in Iran and... 

Liquefied natural gas (LNG) buyers are looking to diversify sourcing as the US-Israeli war against Iran cuts Gulf shipments, with importers seeking alternatives for the fuel from other suppliers... 

If a 20% global truck fleet share can be secured at current or near current platinum loading, there is a six-million-ounce platinum opportunity from a demand perspective, according to Valterra... 

China and India's LNG imports are likely to rebound from multi-year lows once the Middle East supply crunch ends and prices ease, industry executives expect, reversing a pick-up in coal and oil use... 

LONDON – Global oil supply and demand will fall further than previously thought this year, the International Energy Agency said on Friday, as a lack of progress in ending the Iran war delays the... 

Although the role of satellites in ensuring sovereign ownership of data while boosting rural connectivity is gaining traction amid increasing information and connectivity security, governments must... 

Benchmark Brent crude oil futures rose past $100 a barrel on Wednesday, breaching the symbolic barrier for the first time since July 24 as intensifying conflict in the Middle East fuelled growing... 

Goldman Sachs raised its Brent and West Texas Intermediate (WTI) crude oil price forecasts by $5 a barrel for December 2026 and 2027, citing an expectation that shipping disruptions in the Middle... 

The Minerals Council South Africa says mining input cost inflation moderated further in July, reflecting a temporary easing in fuel and crude oil prices. The council’s mining composite input (MCI)... 

South Africa’s Industrial Development Corporation (IDC) plans to sell its stake in a Namibian uranium project because the mine’s backers include Iranian and Russian entities. The IDC owns about... 

Saffron is the world’s most expensive spice, priced at between $5 000 and $10 000 a kilogram. Iran is the world’s biggest producer, pushing out 85% to 90% of yearly global production, followed by... 

Emirates Global Aluminium (EGA) said on Wednesday it had brought a quarter of its Al Taweelah smelter in Abu Dhabi back online as the company works to recover from damage caused by an Iranian... 

US refineries have operated near maximum capacity for the longest sustained period in over a quarter century,scrambling to capture windfall profits created by the Iran war. But history offers a...