Oil prices rose for a fifth day on Thursday on increasing concerns about supply availability amid attacks on tankers in the Red Sea by Yemen’s Houthis and strikes between the US and Iran that have once again nearly shut the Strait of Hormuz.

Can India perform a rescue act for Asia’s refined fuels market similar to what China did for crude oil?

The conversion rate is higher than the global standard

Brent crude futures rose $2.2 or 2.3 percent, to $96.27

CEO Sundar Pichai said in a statement that the successful quarter was due in part to growth of its AI model Gemini and AI search queries

Oil prices rose to a near six-week high on Wednesday, with Brent crude surpassing $95 a barrel, on mounting concerns about disruptions to Middle Eastern supply routes because of escalating hostilities between the US and Iran and threats to shipping by the Iran-backed Houthi militia in Yemen.

A new US tariff targeting Brazil took effect Wednesday, while Washington’s other trading partners brace for a fresh volley of duties as President Donald Trump’s temporary global levies expire this week.

Brent crude futures rose $1, or 1.1 percent, to $92.01 a barrel

The Trump administration has prepared fresh tariffs targeting 60 trading partners over their alleged failures to act against forced labor, as officials push to rebuild the US leader's trade agenda after legal setbacks.

Renewed momentum in China-United States economic ties has helped boost confidence in the global economy while supporting steadier and more resilient bilateral trade in the months ahead, said market watchers and business leaders.

The EU on Monday slapped a 550-million-euro ($630 million) fine on online retailer AliExpress for allowing the sale of illegal products, including unsafe toys and cosmetics.

The tariffs take effect in 30 days and cover various items including wine, hockey sticks and cement

Brent crude futures eased 78 cents, or 0.9 percent, to $88.44 per barrel by 0415 GMT

Gold prices were little changed on Monday as investors assessed an escalation in the Middle East war that pushed oil prices higher.

Brent crude hit its highest price since June on Monday due to renewed fighting between the United States and Iran, while Asian equities were mixed as investors weighed the fallout of a prolonged Middle East war.

The global oil refining industry is flashing warning signs. The supply chain for the products that fuel the global economy is under growing stress as conflicts in the Middle East and Russia ripple through energy markets.

TSMC is seeing strong, multi-year demand for its AI chips as it invests a further $100 billion to expand its Arizona facilities,

Chief Financial Officer Wendell Huang said the company is "very happy" with progress in Arizona, which is why it decided to ramp up investment to $265 billion

Crude has surged over the past week as Washington and Tehran traded fire

Samsung Electronics has cut jobs at its US display, phone and other consumer electronics operations — affecting workers mainly in New Jersey and Texas, according to documents and two people familiar with the matter.