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Oil prices jumped on Monday after Israel warned that the conflict with Iran was still ongoing.
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China has cushioned the worst of the energy shock through its strategic oil stockpiles and a diversified mix of renewable energy sources.
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Aramco says its East-West pipeline has helped to mitigate the energy shock caused by the Iran war.
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The Strait of Hormuz trade route remains effectively shut, disrupting the global energy shipments.
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;Resize=(620)) The shaky ceasefire in the Iran war was tested again on Sunday when a drone set a small fire on a ship off the coast of Qatar, while the United Arab Emirates and Kuwait reported separate drones entering their airspaces.
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No details have been released of Iran's response - or the US proposals - designed to bring the war to an end.
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Beijing could turn instability in the Middle East into a strategic gain
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The focus from the Iran war will likely take center stage during the talks, which could leave less scope to resolve issues like tariffs and rare earth supplies.
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On Saturday, the small Persian Gulf island of Bahrain said it had arrested 41 people it said are part of a group affiliated with Iran's Revolutionary Guard.
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The oil giant's earnings in the first three months of the year were more than double the previous quarter's and follow similarly strong results of European rivals.
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