Russian President Vladimir Putin arrived in Beijing in a much weaker position than he did more than four years ago, when he launched his invasion of Ukraine shortly after his last visit. US President Donald Trump left Beijing after much fanfare. However, he was criticised back at home for failing to deliver on any key aspect of American interests, such as committing China to pressuring Iran to end the war on US terms. His popular support is at a historic low. Putin, Trump and Chinese President...

The surge in the cost of jet fuel since the start of the Iran war is highlighting the vast disparity in how well individual airlines protect themselves against a price spike.

Commodity trader Mercuria Energy Group Ltd. was granted an early trial over an alleged distortion to the world’s benchmark oil tanker rate that it argues is costing the company hundreds of millions of dollars.

Oil swung between gains and losses as traders assessed the outlook for a peace deal to end the Iran war.

An Air France flight bound for Detroit was redirected to Canada after a passenger from Congo boarded “in error” amid the Ebola outbreak in central Africa, officials said.

Oil extended declines for a third day as investors speculated on whether the US and Iran are closing in on a peace deal that could lead to a resumption of flows through the vital Strait of Hormuz.

US crude inventories, including strategic reserves, plunged by a record as soaring exports start to erode domestic supply cushions.

Oil plummeted after US President Donald Trump said the US is in the “final stages” with Iran, raising expectations for a near-term restart of energy flows through the critical Strait of Hormuz.