Aircraft operated by Virgin Australia Holdings Ltd. stand at Sydney Airport in Sydney, Australia, on Friday, August 17, 2020. Brendon Thorne | Bloomberg | Getty Images Virgin Australia shares rallied 8.3% on Tuesday, after its 685 million Australian dollar ($439 million) initial public offering, a transaction dealmakers hope will revive a subdued listings market. The airline sold 236.2 million shares at AU$2.90 each, valuing it at…
Brent Crude prices spiked as much as 5% on Monday following the US airstrikes on Iran’s key nuclear facilities on Sunday. The move ended days of speculation over whether the US President Donald Trump would join Israel in its confrontation with Iran.While prices surged initially, they soon pared gains. The attacks on Fordow, Natanz and…
In a decisive response to the US aggression against Iran’s peaceful nuclear facilities, the Iranian parliament has voted to close the strategically vital Strait of Hormuz. A senior Iranian lawmaker, Esmaeil Kowsari, said on Sunday that the Majlis (Iranian parliament) has agreed to close the key artery for global energy trade in response to the…
Last Updated:June 20, 2025, 23:40 IST Commerce Secretary meets officials and exporters as Iran Israel conflict threatens global oil chokepoint. Oil tankers pass through the Strait of Hormuz. (IMAGE: REUTERS) The government is well prepared as far as the possibility of the closure of the critical trade route of Strait of Hormuz is concerned. This…
