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Oil prices rose 1% on Wednesday as the U.S.-Israeli war on Iran disrupted Middle East supplies, but the pace of gains slowed from past sessions after President Donald Trump raised the possibility of the U.S. Navy escorting vessels through the Strait of Hormuz. MORE..

4 Mar 2026 (12:09 PM)

Sri Lanka s former Justice Minister Ali Sabry has expressed concern over rising tensions in the Middle East, urging restraint and dialogue amid escalating regional instability. MORE..

4 Mar 2026 (4:20 PM)

Iran will hold a three-day "farewell ceremony" for its late leader Ayatollah Ali Khamenei starting at 10 p.m. Wednesday (1830 GMT) at Tehran s Imam Khomeini prayer ground, according to state media. MORE..

4 Mar 2026 (2:01 PM)

The U.S. Navy could begin escorting oil tankers through the Strait of Hormuz if necessary, President Donald Trump said on Tuesday, adding he had ordered the U.S. International Development Finance Corporation to provide political risk insurance and financial guarantees for maritime trade in the Gulf. MORE..

4 Mar 2026 (12:28 PM)

Iran s Islamic Revolutionary Guard Corps say they control the Strait of Hormuz, a vital shipping route for oil and gas, and any vessels seeking to pass through the waterway risk damage from missiles or stray drones. MORE..

4 Mar 2026 (12:43 PM)

The government has decided to remove the CESS levy on goods and material imported under 2,600 identified HS codes over a four-year period. MORE..

4 Mar 2026 (4:07 PM)