It will take about two years to recover the energy ​output lost in the Middle East from the ‌conflict there, Fatih Birol, the head of the International Energy Agency, was quoted as saying on Friday in an interview with ​the Neue Zuercher Zeitung newspaper.

Shipments of oil ​and gas that were already en route to their destinations before ‌the ⁠war in Iran began have now arrived, mitigating the impact of shortages

Countries in East Asia and Sub-Saharan Africa are among the countries most affected now -- and who could suffer the most -- outside the region, as the conflict stretches on

Iran has taken a beating militarily, but demonstrated it can exact economic costs that Trump and his aides underestimated, unleashing the worst-ever global energy shock, analysts say.

Gold prices extended gains on Friday, supported by a ‌weaker dollar and comments from Iran’s foreign minister that passage through the Strait of Hormuz remains open during the ceasefire, which pushed oil prices lower and eased some inflation concerns.

US fertilizer buyers are redirecting shipments out of the country, as higher overseas prices give them an incentive to divert critical supplies, a fertilizer ​analyst said.

The situation in Iran comes just four years after Russia's invasion of Ukraine triggered an energy shock

Brent crude futures settled down $9.01, or 9.07%, to $90.38 a barrel

Losses follow a healthy, record-breaking week for equities

Oil prices rose over 1 percent on Thursday, reversing earlier declines as the market questioned ‌whether peace talks between the US and Iran would achieve a deal to end the war that has disrupted energy supplies from the Middle East.

The cut-off rate was Tk 122.75 per US dollar

R. Ramanan says no proposal involving Bestinet has been submitted to Cabinet

"We must brace for tough times ahead" if the conflict persists, she told reporters

Brent crude futures were up 9 cents to $95.02 a barrel at 0427 GMT

The United States alleges that the Shamkhani network, which operates in Iran and the United Arab Emirates, dodges sanctions through a group of seemingly legitimate consulting and shipping companies that run the network's fleet.

Oil prices were little changed on Wednesday ​as investors assessed prospects for renewed US–Iran talks and the potential for supply to be released from the ‌Middle East, where exports remain constrained by the closure of the Strait of Hormuz.

On Andy Corriher’s farm in North Carolina, planting and preparations are underway for his corn and soybean crops -- but fertilizer costs have surged on war in the Middle East, and orders he placed weeks ago have yet to arrive.

The association sat with the commerce minister today

The central bank buys $70 million after a one-and-a-half-month break

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