See the full story in the original article.
Read the original on malaysiasun.com ↗
Keywords
fuel pricesoil pricessupply chain
Open a keyword to see other news on the same topic.
Related news
- Diesel crunch could persist into 2027 as supply disruptions bite
- IEA warns tight diesel supplies could stretch well into 2027
- Diesel crunch could persist into 2027 as supply disruptions bite
- As fuel prices jump , the cost to ship lettuce now tops the lettuce itself for one grocery chain
The latest fuel price spike is harder to bear than earlier this year, as businesses and consumers have less room to absorb it, and inflation is spreading beyond energy. Average diesel hit $6.30 a gallon on Wednesday, up about 68% from before the Iran war, according to AAA. Core CPI rose to 2.6% in September from 2.4% in August, while retail sales excluding gas stations rose just 0.2%. The Fed's Beige Book reported more fuel surcharges, squeezed margins and consumers pulling back on spending. A regional grocery chain said it now pays more to ship a head of lettuce from California than the lettuce itself, as diesel rose 30% from last year.
- Russian oil exports by Arctic route jump amid world freight crisis , data shows
- One Singapore ship was sunk, but here's why others are still transiting the Strait of Hormuz
Two Singapore-flagged container ships, GFS Pride and GFS Giselle, were attacked this week; GFS Pride sank after being struck by a projectile and catching fire, while GFS Giselle was damaged, and both crews were reported safe. Analysts say shipping through the strait is unlikely to stop entirely, as strong demand for Middle Eastern energy and commercial opportunities keep some operators willing to accept higher risks and costs. Kpler data show crossings fell to 131 in the week ended Oct. 14 from 176 the previous week, though the decline cannot be attributed solely to these incidents. Most major container lines have not resumed Hormuz services since the war broke out in February, with only some regional operators running sporadic services on smaller feeder vessels.
Related markets
Latest news
- Amazon Stock And Other Mega Cap Tech Names For The AI Infrastructure Reset
AI infrastructure stocks have just sold off hard even though earnings and backlogs still look solid, and the article argues this indiscriminate selling could open opportunities for patient investors watching Microsoft, Alphabet and Amazon. It profiles three related stocks: Arrow Electronics, with about US$25.4b in Global Components revenue and US$10.5b from Global ECS, ECS billings above US$6.4b in Q1 2026, and a backlog more than 75% higher year over year by Q2 2026. Ciena, an optical networking hardware provider, generates about US$4.8b from Networking Platforms, and the article says its addressable market could roughly double to about US$50–52b by 2029. Dynatrace, an AI-powered observability platform, generates about US$2.1b in revenue, and management says customers moving to its DPS model increase usage and spending by 2x.
- What AngloGold Ashanti Stock Investors Should Know About Ghana Mining Labor Rules
Ghana's government has directed its Minerals Commission to standardise salaries, wages and employment conditions across the mining sector as operations shift from owner mining to local contractors, aiming to prevent pay and benefit cuts during these transitions. The rule could reshape AngloGold Ashanti's cost structure, labour relations and contractor strategy at its Ghanaian sites. The article notes no fresh company announcements on Ghanaian labour since the October 2026 directive, and the core story remains growth projects at Geita, Obuasi, Siguiri, Cuiabá and Nevada plus an approved US$2b buyback. Analysts expect revenue of about $12.1b and earnings of $4.2b by 2029, up from about $3.8b today.
- Elon Musk Eyes SpaceX-Tesla Merger, Huang Pitches ‘Financeable’ Chips, Zuckerberg Wants More Compute: Mag 7 Voices This Week
Elon Musk said a SpaceX–Tesla merger would be “a good idea,” but called a deal uncertain, as both companies’ boards have formed special committees that have not agreed on any terms. In SpaceX’s Q3 results, its Super Intelligence segment generated $7.6 billion in revenue, surpassing Starlink as its largest business. Musk said the main constraint on AI deployment is power, cooling and infrastructure rather than chips, and SpaceX plans to add about 20 gigawatts of capacity by the end of 2027, while some gas-turbine components face 12 to 18 month delays. Nvidia’s Jensen Huang said its computing hardware should become a “financeable asset,” estimating that a one-gigawatt AI factory costs about $50 billion and could generate roughly $40 billion in annual revenue. Wedbush said his comments on neocloud financing helped spark Thursday’s selloff.
- Gold bar and gold ring prices this morning, October 24, at SJC, PNJ, DOJI, Bao Tin Minh Chau and Bao Tin Manh Hai
International gold prices fell below $4,000 an ounce as inflation expectations weighed on the market. On the morning of October 24, SJC, PNJ, DOJI and Bảo Tín Mạnh Hải quoted gold bars at 139–142 million VND per lượng, with all six brands surveyed selling at 142 million, though buy-in prices differed by up to 1.6 million. DOJI had the highest sell price for 9999 gold rings at 141.5 million VND per lượng, while SJC was lowest at 139 million. The University of Michigan's October consumer sentiment index reached 48 points, above the 46.3 forecast but nearly unchanged from last month, as inflation expectations kept rising. The article notes this could lift demand for gold as a store of value, but if inflation stays high, the Fed may keep policy tight and pressure precious metals.
- Trump signs executive order lowering housing costs
President Trump signed an executive order aimed at lowering housing costs ahead of the midterm elections, where inflation and affordability are key voter concerns. The order directs agencies to reduce mortgage costs, offer cheaper alternatives to title insurance, and support manufactured housing. The FHFA director must create a pilot program to proactively cancel mortgage insurance premiums for borrowers who meet equity requirements based on current market value. The Departments of Veterans Affairs and Agriculture must cut interest rates on their single-family home loans, and a multiagency task force will work on lowering building costs and improving manufactured homes. The move comes as the housing market slows and lending costs rise, with inflation at 3.7% last month and wage gains largely flat this year.
- Libyan parliament ratifies maritime deal with Türkiye , heightening war danger in Eastern Mediterranean
On October 20, Libya’s eastern-based House of Representatives, which operates in the region controlled by General Khalifa Haftar, unanimously ratified the 2019 maritime delimitation memorandum with Türkiye and revoked its 2020 boycott of Ankara. It is the first time both rival Libyan administrations have recognized the memorandum, which draws a maritime zone that disregards the continental shelf and EEZ claims of Greek islands such as Crete and Rhodes, in an area estimated to contain oil and gas reserves worth hundreds of billions of dollars. Greece, Cyprus, the EU, Israel and Egypt have all objected, with Athens taking the issue to the UN Security Council and the EU calling the memorandum null and void, while Turkish media hailed it as a “diplomatic victory.” The first direct consequence is being felt in the Great Sea Interconnector cable project linking Greece, Cyprus and Israel, which has an EU grant of €657 million and costs approaching €3 billion.
Get the briefing on Telegram or Zalo
Join the Upside Telegram channel or Zalo group for the Vietnam stocks and gold briefing at 8:00 and 19:00 (Vietnam time) on trading days, plus a weekly wrap on Saturday morning.