Islami Bank has decided to postpone its earlier plan to onboard US-based B100 Holdings LLC as a strategic investor in mCash Ltd, a subsidiary formed to operate mobile financial services.

Some oil-loading operations have been suspended in the United Arab Emirates’ Fujairah port, a major global hub for refuelling ships as well as crude and ​fuel exports, after a drone attack and fire on Saturday.

Japan plans ​to start releasing oil from its stockpiles on Monday to soften the shock from the ‌US-Israeli war on Iran, a stark reminder of the oil crisis half a century ago that prompted Tokyo to create reserves.

Oil prices could extend gains at Monday’s open as the US-Israeli war against Iran entered a third week, putting oil infrastructure at risk and keeping the Strait of Hormuz shut in the world’s largest supply disruption.

The Fed will start its two-day meeting on Tuesday

The United States can provide “reliable” energy supplies to Asia-Pacific, US Interior Secretary Doug Burgum said Saturday, as the Middle East war cripples the region’s oil and gas flow.

The US government on Friday authorized imports of fertilizer from Venezuela, whose leader it deposed in January, as the US-Israel war against Iran drives up prices of the key agricultural commodity.

The surge in energy prices triggered by the conflict in the Middle East has significantly strengthened the dollar, paradoxically undermining US President Donald Trump’s economic objectives.

Only 77 ships have so far crossed the Strait of Hormuz in March as the Mideast war disrupts one of the world’s most vital shipping routes, a maritime data firm reported Friday.

The war in the Middle East has largely paralysed the Gulf region’s crucial oil industry, which has been hit by attacks and an export blockade.

The US dollar rose across the board on Friday, set ​for a second straight weekly gain, as the war in the Middle East drove investors toward safe-haven assets and weighed on ‌energy-sensitive currencies such as the euro.

‘The defense of Saudi Arabia is vital to the defense of the United States’.

No possibility of a commodity price hike either, he said at an Iftar and Eid gift distribution ceremony in Sylhet

For Bangladesh, these moves are more than distant geopolitical gestures

With more dollars needed to purchase oil, the greenback has appreciated by around 2.5 percent since the start of hostilities

The Middle East accounted for 9.8 percent of global container trade last year

Brent crude closed at $103.14 per barrel

Oil and gas prices have surged since US-Israeli strikes on Iran killed its supreme leader and plunged the Middle East into war

Gold prices fell on Thursday, weighed down ‌by a firmer US dollar and waning hopes for near-term US interest rate cuts as higher energy prices stoked inflation concerns.

With production in the Gulf countries at a standstill and gas prices rising, the war in the Middle East is disrupting the supply of fertilisers and posing risks for food security.