A disruption in oil and gas shipments from West Asia looks improbable at this point of hostility between Israel and Iran, but it could lead to inflationary pressure as speculators play on risk premia to keep prices on the boil. Benchmark Brent had surged past $90 per barrel in the wake of Iran’s April 13 missile attack on Israel but soon slipped to $87. On Friday, Brent declined further to $86.4 after Tehran played down reported Israeli attacks on Isfahan, raising hope against escalation of hostilities in the region.
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Congress leader Sonia Gandhi has slammed India’s abstention from the vote on the recent UN general assembly resolution on the West Asia conflict. She emphasizes the need for justice for peace and criticizes Israel’s assault on Gaza. Gandhi also calls for a ceasefire in the region.
Nodwin Gaming, the Singapore unit of esports firm, has acquired game marketing agency Publishme for $2 million. Publishme, previously owned by Nazara Technologies, works with publishers and brands in the gaming industry. The acquisition will result in Publishme being renamed Nodwin Gaming in West Asia, with its founder becoming the chief executive of Nodwin Gaming Dubai.
