The dollar ​rose sharply from two straight sessions of losses on Thursday after US President Donald Trump’s speech on Iran ‌undermined market expectations of a swift end to the conflict, renewing a bid for safe-haven assets.

Products passing through the giant site range from insulin capsules and lifestyle drugs to medicated sunblock and drums of sulphuric acid

India has secured its full requirements of crude oil for the coming months, its oil ministry said

The dollar ​rose sharply from two straight sessions of losses on Thursday after US President Donald Trump’s speech on Iran ‌undermined market expectations of a swift end to the conflict, renewing a bid for safe-haven assets.

Just as when oil spills, a shortage seeps slowly. Fallout from a blocked Strait of Hormuz, which typically carries 20 percent of ​the world’s supply, will spread steadily across the planet.

The Iran war is reaching Bangladesh through the availability and price of fuel, fertiliser, freight, and foreign exchange

The world's largest economy gained 178,000 jobs in March

Bangladesh cut office and shop hours and banned decorative lighting at weddings starting Friday

India has abolished import tax on petrochemicals used for making plastics ​and pharmaceutical goods after the government invoked emergency powers ‌and diverted local chemicals for production of cooking gas due to shortages caused by the Iran war.

The dollar ​rose sharply on Thursday after US President Donald Trump’s address on Iran shattered hopes for ‌a swift end to the conflict, sending investors towards safe-haven assets as oil prices jumped and stocks tumbled.

Gold fell sharply from two-week highs on Thursday after US ‌President Donald Trump said that Washington would continue its military campaign in Iran in the coming weeks, driving oil prices higher and dampening hopes of interest rate cuts.

Here are the latest key facts about security alerts and trade impacts from the blockage of the Strait of Hormuz, a crucial shipping route virtually paralysed by the Middle East war.

The Bank of England on Wednesday said the Middle East war had caused “a substantial negative supply shock to the global economy”, increasing risks to the financial system.

Merchandise shipment decreased 18% year-on-year to $3.48 billion in March

Wider discounts on US crude oil compared to global ⁠benchmark Brent crude have spurred demand for tankers in the US Gulf Coast

Brent crude surged as much as five percent to hit $106.29

Gold prices rose on Wednesday to their highest in nearly two weeks, supported by a weaker dollar following US President Donald Trump’s statement that the war with Iran could wind down ​in weeks.

Chinese firms are ​reselling record volumes of LNG, cashing in on soaring spot prices as China has enough domestic ‌and pipeline gas to meet its own weakened demand, in stark contrast to other Asian buyers scrambling to replace supplies cut off by the Iran war.

OpenAI on Tuesday said that the startup was valued at $852 billion in a freshly closed funding round that raised $122 billion.

The world’s largest importer of oil through the Strait of Hormuz is, paradoxically, also one of the best placed to weather the waterway’s closure.