Santander appoints Rincon as its first global head of commodities trading to drive growth.

Saudi-led coalition said security of the two holy mosques is a "red line" and the alliance will take necessary measures against Houthi forces.

Asian refiners are considering cuts to run rates and preparing for possible fuel export curbs as the widening Middle East conflict lifts oil prices and draws down inventories. Traders say any export limits would mirror the conflict’s early weeks, when regional processors trimmed throughput amid crude shortages. Sources add Indian refiners face the prospect of reduced activity after the price surge and are considering prioritising domestic supply. Discussions remain preliminary and no final decisions have been made.