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02:40
The Philippines seeks to import oil from countries under U.S. sanctions.
```htmlGolden Ten Data reported on March 26 that the ongoing conflict between the US, Israel, and Iran continues to cause global energy supply tensions. The Philippines, which relies heavily on imported energy, is seeking to import oil from countries sanctioned by the US. Jose Manuel Romualdez, the Philippine ambassador to the US, told Reuters that the Philippines is striving for a US "waiver" that would allow the country to purchase oil from sanctioned nations. When asked whether imports from Venezuela and Iran are included in the discussions, Romualdez replied, "All options are being considered." Regarding the US State Department's response to the Philippine request, Romualdez said, "The relevant work is ongoing."```
02:40
MSCI Asia Pacific Index fell 1% intraday
The S&P 500 index futures fell by 0.4%.
02:39
Malaysia plans to cut fuel subsidy quotas
Golden Ten Data reported on March 26 that, due to soaring oil prices caused by the Middle East conflict, Malaysia plans to reduce the monthly subsidy quota for its most popular fuel. According to The Edge, citing unnamed sources, the government will cut the monthly quota of RON95 gasoline from 300 liters to 200 liters starting in April. Any consumption exceeding the quota will be charged at market prices. Since March 11, the non-subsidized price of RON95 gasoline has been raised twice, with a cumulative increase of 45%.
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