Hong Kong aviation giant Cathay Pacific said on Wednesday that fuel surcharges would rise as prices soared in March after war broke out in the Middle East.
Three commercial ships took fire in the Gulf on Wednesday as Iran launched strikes against its oil-exporting neighbours, threatening shipping in the Strait of Hormuz and plunging the global energy economy into crisis.
Energy ministers of the G7 said on Wednesday they stood ready to take "all necessary measures" in coordination with the International Energy Agency (IEA) to tackle the rise in crude oil prices due to the Middle East war.
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Economy
Tanker drivers in Pakistan said they were facing long waits at depots due to a shortage of fuel, as the government played down fears of another rise in prices.
March 11, 2026
RECENT NEWS
The US-Israeli war on Iran represents a serious challenge to FIFA chief Gianni Infantino's relationship with President Donald Trump less than three months before the World Cup, even if shared economic interests mean the alliance is likely to survive, analysts say.
March 11, 2026
RECENT NEWS
Four-time major champion Jannik Sinner edged talented Brazilian teenager Joao Fonseca 7-6 (8/6), 7-6 (7/4) in a scintillating Stadium Court clash on Tuesday to reach the quarter-finals at Indian Wells.
March 11, 2026
Kharg Island, a scrubby stretch of land in the northern Gulf, handles almost all of Iran's crude exports and any attempt to seize it would mark a major escalation in the conflict, analysts say.
March 11, 2026
Victor Wembanyama scored 39 points as the red-hot San Antonio Spurs defeated the Boston Celtics 125-116 on Tuesday in a potential NBA Finals preview.
March 11, 2026
Culture
When the envelopes are opened at the Academy Awards in Los Angeles, one of the few guarantees is that actors from Ireland -- population just over five million -- are increasingly likely to be in the frame.
March 11, 2026
RECENT NEWS
Bam Adebayo erupted for a jaw-dropping 83 points -- the second highest total in NBA history -- as the Miami Heat thrashed the Washington Wizards 150-129 on Tuesday.
Asian equities extended gains Wednesday while oil stabilised after a report said the International Energy Agency was considering the release of a record amount of its reserves to counter soaring prices.
Iran unleashed early Wednesday defiant new strikes around the region including drones targeting a Saudi oilfield, as the International Energy Agency reportedly proposed its largest-ever oil reserve release to calm markets and prices.
Fan buzz around life-simulation game "Pokemon Pokopia" sent Nintendo shares soaring on Wednesday, with some hailing the new title as a welcome antidote to global conflicts.
March 11, 2026
Sports
Bam Adebayo erupted for a jaw-dropping 83 points -- the second highest total in NBA history -- as the Miami Heat thrashed the Washington Wizards 150-129 on Tuesday.
March 11, 2026
RECENT NEWS
Australian designer Katie Perry has won the right to sell clothes under her name, claiming victory Wednesday in a years-long trademark spat with US pop megastar Katy Perry.
Nubank CEO David Velez, whose massive Brazil-based digital bank is on the verge of entering the prized US market, hailed a "positive" regulatory climate under President Donald Trump in an interview with AFP.
Even Flavio Bolsonaro didn't seem to take his presidential candidacy very seriously when his father, Brazil's former president Jair Bolsonaro, tapped him as a political heir from behind bars.
Jose Antonio Kast became Chile's president on his third attempt, becoming the country's most right-wing leader in over three decades by pledging a firm hand on security and order.
March 11, 2026
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