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Oil prices rise 3% as Iran crisis disrupts Mideast supply

malaya Business Insight

March 05, 2026

OIL prices rose 3 percent on Wednesday as the US-Israeli war on Iran disrupted Middle East supplies, but the pace of gains slowed from past sessions after President Donald Trump suggested the US Navy could escort vessels through the Strait of Hormuz.

Brent rose $2.67, or 3.3 percent, to $84.07 a barrel by 0659 GMT, after closing on Tuesday at its highest since January 2025.

US West Texas Intermediate crude rose $2.24, or 3 percent, to $76.8, after settling at its highest since June. Both benchmarks have risen about 5 percent or more in the past two sessions.

Denne historien er fra March 05, 2026-utgaven av malaya Business Insight.

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malaya Business Insight

Women's in Sports Awards up

THE Filipinas, the national women’s football team, and national para swimmer Angel Mae Otom will lead the major awardees in the 3rd PSC Women in Sports Awards this Friday at the Philippine International Convention Center in Pasay City.

1 min

March 18, 2026

malaya Business Insight

CHIZ TELLS POLLING FIRMS: EXCLUDE ME IN 2028 PRE-ELECTION SURVEYS

SAYING he has no plans of running for higher office, Sen. Francis “Chiz” Escudero on Tuesday disclosed that he has formally requested survey firms to exclude his name in any future pre-election preference surveys related to the 2028 elections.

1 mins

March 18, 2026

malaya Business Insight

EMILY SY TRANSFORMS RUNWAYS OF MILAN AND PARIS INTO A CELEBRATION OF REAL WOMEN

IN the heart of the world's fashion capitals, Milan on March 1 and Paris on March 7, designer Emily Sy unveiled more than a collection-she presented a powerful narrative of modern femininity, diversity, and empowerment.

1 mins

March 18, 2026

malaya Business Insight

Lady Blazers triumph, advance to semis

FIVE-PEAT seeking College of Saint Benilde kept its title bid alive while Mapua University gained a lifeline yesterday in the 101st NCAA women's volleyball tournament at the San Andres Sports Complex in Manila.

1 min

March 18, 2026

malaya Business Insight

Iran renews attacks on US Gulf allies, surprising Trump

Iran launched fresh attacks on the United Arab Emirates on Tuesday, the kind of strikes on US Gulf allies that President Donald Trump said had not been expected, but which sources said he had been warned about before the conflict.

3 mins

March 18, 2026

malaya Business Insight

Palanca taekwondo meet up

FANS can expect fierce action and a star-studded field when the Philippine Taekwondo Association stages the Smart/MVPSF National Carlos Palanca Jr. Taekwondo Championships on March 21-22 at the Ninoy Aquino Stadium.

1 min

March 18, 2026

malaya Business Insight

Filipinas determined vs Uzbeks

AFTER Iosingin the AFC Women’ Asia Cup quarterfinals to separate foes, neither the Philippinesnor Uzbekistan is determined not to go home empty-handed when they clash tomorrow for a coveted World Cup ticket at the Robina Stadium in Gold Coast, Australia.

1 min

March 18, 2026

malaya Business Insight

Zaldy Co paid millions in 'payola' to DPWH officials – state witness

FROM 2023 to 2025, resigned Ako Bicol party list Rep. Elizaldy “Zaldy” Co paid tens of millions in “payola” to select officials of the Department of Public Works and Highways (DPWH) to ensure their continued cooperation, a key witness for the Office of the Special Prosecutor (OSP) testified at the Sandiganbayan on Tuesday.

5 mins

March 18, 2026

malaya Business Insight

Espionage operations of China in PH 'worrisome'

IN the wake of the discovery of a spy ring in government agencies, Defense Secretary Gilberto Teodoro Jr. on Tuesday described as “worrisome” the espionage operations of China in the country.

1 mins

March 18, 2026

malaya Business Insight

Advance women's interests, BBM tells legislators

PRESIDENT Ferdinand Marcos Jr. on Tuesday urged female legislators in the country to continue advancing the interests of women, saying that many women and girls continue to wait for the “promise of opportunity which remains distant due to poverty, violence, and traditions” that deny them their rights.

1 mins

March 18, 2026