Fuel prices jumped on Monday — with diesel surging more than crude oil — as the widening war in the Middle East threatened to disrupt exports from Persian Gulf refineries. Gasoil , or diesel futures, on the Intercontinental Exchange spiked as much as 17% to a two-year high at the open, before paring some gains. That beat a jump of as much 13% in Brent oil. Prices for jet fuel and fuel oil also adv...
Fuel prices jumped on Monday — with diesel surging more than crude oil — as the widening war in the Middle East threatened to disrupt exports from Persian Gulf refineries. Gasoil , or diesel futures, on the Intercontinental Exchange spiked as much as 17% to a two-year high at the open, before paring some gains. That beat a jump of as much 13% in Brent oil. Prices for jet fuel and fuel oil also advanced. Tanker traffic through the Strait of Hormuz remains effectively halted following the US and Israel’s bombardment of Iran and the Islamic Republic’s retaliatory attacks on multiple countries. President Donald Trump told the New York Times the assault could last “four or five weeks.” As well as being major crude exporters, countries like Saudi Arabia, the United Arab Emirates and Kuwait are home to state-of-the-art refineries that produce diesel, jet fuel and petrochemicals. Iran, meanwhile, is one of the world’s biggest sources of fuel oil. About 10% of the world’s gasoil trade and 20% of jet fuel, or kerosene, flows through Hormuz, according to ship-tracking and analytics firm Kpler . Jet fuel moved deeper into backwardation, a bullish market structure where cargoes for prompt delivery are more expensive than later-dated ones, following the attacks over the weekend. The spread almost doubled from $1.57 a barrel on Friday to $3. Timespreads for fuel oil also became more backwardated on Monday. Iran is a major producer and exporter of high-sulfur fuel oil, while Kuwait’s Al-Zour refinery is an important source of very low-sulfur fuel oil. Prices for liquefied petroleum gas, methanol and bitumen also rose sharply. Exports of refined products through the Strait of Hormuz averaged 3.5 million barrels a day last year, Goldman Sachs Group Inc. said in a note. So far, there have been no reports of major damage at any Middle Eastern refineries.
A man has been arrested in Johor after an 11-second viral clip showed him clinging to the front of his ex-wife’s moving car before tumbling onto the road in full view of onlookers. Police said the suspect had clung to the car for around 2km (1.2 miles) and that he had tested positive for ketamine. The incident unfolded at about 3.30pm on Saturday outside a supermarket in Bandar Seri Alam, a townsh...
A man has been arrested in Johor after an 11-second viral clip showed him clinging to the front of his ex-wife’s moving car before tumbling onto the road in full view of onlookers. Police said the suspect had clung to the car for around 2km (1.2 miles) and that he had tested positive for ketamine. The incident unfolded at about 3.30pm on Saturday outside a supermarket in Bandar Seri Alam, a township in Johor, the southern Malaysian state bordering Singapore, after an argument between the pair...
The previously named Screen Actors Guild (Sag) awards also saw wins for the ensemble casts of Sinners and The Studio, while Harrison Ford took home lifetime achievement Actor awards 2026 red carpet – in pictures Michael B Jordan, Jessie Buckley and the late Catherine O’Hara were among the big winners at this year’s newly titled Actor awards. Previously known as the Screen Actors Guild awards, the ...
The previously named Screen Actors Guild (Sag) awards also saw wins for the ensemble casts of Sinners and The Studio, while Harrison Ford took home lifetime achievement Actor awards 2026 red carpet – in pictures Michael B Jordan, Jessie Buckley and the late Catherine O’Hara were among the big winners at this year’s newly titled Actor awards. Previously known as the Screen Actors Guild awards, the Actors are voted on by a membership of more than 160,000 actors. The name change was to provide “clearer recognition in terms of what the show is about”. Continue reading...
Getty Images In this month's article I wanted to review my retirement holdings associated with my Thrift Savings Plan retirement account. This account allows me to choose from four funds which are designed to match the performance of the following: SPDR S&P 500 ETF ( SPY ), the iShares MSCI EAFE ETF ( EFA ), the Vanguard Extended Market ETF ( VXF ), and the iShares Core U.S. Aggregate Bond ETF ( A...
Getty Images In this month's article I wanted to review my retirement holdings associated with my Thrift Savings Plan retirement account. This account allows me to choose from four funds which are designed to match the performance of the following: SPDR S&P 500 ETF ( SPY ), the iShares MSCI EAFE ETF ( EFA ), the Vanguard Extended Market ETF ( VXF ), and the iShares Core U.S. Aggregate Bond ETF ( AGG ). I last wrote about my retirement account allocation in January. My strategy is that of a trend trader. If the trend is up, I want to own the trend. If the trend is down, I want to avoid owning that asset. I start by looking at the S&P 500 index. I want to own the market if it is trading above its 10-month EMA as I find the 10-month EMA to be a good filter for defining a bullish trend. When the market is above its 10-month EMA the market is bullish. If the market is trading below its 10-month EMA, then the market is bearish, and I don't want to own the market. Chart 1 - S&P 500 Monthly with 10-Month EMA www.stockcharts.com For the month of February, the S&P 500 declined 0.87%. Chart 1 says that the S&P 500 index is bullish. It is trading above its upward sloping 10-month EMA. It is also up slightly year-to-date by 0.49%. The market is off to a slow start, but still positive for the year. Chart 2 - SPY Monthly with 10-Month EMA www.stockcharts.com Chart 2 of SPY mirrors the S&P 500 chart as expected. Since this chart shows 5 years of price versus 20 years of price, it does give more clarity on how responsive the 10-month EMA is to price movement. The pullback in February was not unexpected per se. Previously, the market was up nine consecutive months. That is the longest consecutive streak I see on Chart 2. Perhaps March will see the market continue its decline. Only time will tell. Right now, SPY is bullish as it is trading above its 10-month EMA. Because of that, I have 70% of my retirement assets in SPY and that is how I will keep them for the month of March. Chart 3...
Amazon Web Services Inc . suffered a disruption to its services after unidentified objects struck one of its data centers in the United Arab Emirates, causing a fire. While it is unclear if the incident is related to the conflict between the US and Iran, the fire broke out on the same day Iranian projectiles struck the UAE in retaliation for US and Israeli strikes that killed Supreme Leader Ayatol...
Amazon Web Services Inc . suffered a disruption to its services after unidentified objects struck one of its data centers in the United Arab Emirates, causing a fire. While it is unclear if the incident is related to the conflict between the US and Iran, the fire broke out on the same day Iranian projectiles struck the UAE in retaliation for US and Israeli strikes that killed Supreme Leader Ayatollah Ali Khamenei and other senior officials. AWS said the incident took place around 4:30 p.m. Dubai time on Sunday and the fire department shut off power to the facility and generators as they worked to extinguish the blaze, according to a post on its Health Dashboard . “One of our Availability Zones ... was impacted by objects that struck the data center, creating sparks and fire,” the company said, referring to regional groups of data centers. Iran’s retaliation has spread across the Middle East, with waves of missile and drone attacks launched against US bases and allies around the region, including in the UAE, Qatar, Kuwait and Saudi Arabia. Read More: Iran Strikes: The Latest on US-Israel Conflict With Tehran AWS said it didn’t have an estimated time for when power would be restored to the data center. It said other groups of data centers weren’t impacted by the incident and it was routing traffic away from the affected data center. The company operates 123 such groups across 39 regions globally.
While it is unclear if the incident is related to the conflict between the US and Iran, the fire broke out on the same day Iranian projectiles struck the UAE in retaliation for US and Israeli strikes that killed Supreme Leader Ayatollah Ali Khamenei and other senior officials. AWS said the incident took place around 4:30 p.m. Dubai time on Sunday and the fire department shut off power to the facil...
While it is unclear if the incident is related to the conflict between the US and Iran, the fire broke out on the same day Iranian projectiles struck the UAE in retaliation for US and Israeli strikes that killed Supreme Leader Ayatollah Ali Khamenei and other senior officials. AWS said the incident took place around 4:30 p.m. Dubai time on Sunday and the fire department shut off power to the facility and generators as they worked to extinguish the blaze, according to a post on its Health Dashboard.