Global crude benchmarks advanced more than 1% on Friday as structurally unviable transit fee proposals in Oman-brokered negotiations stalled diplomatic efforts to reopen the Strait of Hormuz, cementing geopolitical risk premiums.
PTT Global Chemical (GC) has become the first Thai plastic resin manufacturer to secure official Halal certification in Indonesia, establishing a critical first-mover advantage within Southeast Asia's most rigorously regulated consumer market.
Global crude benchmarks rebounded sharply on Thursday, snapping a two-day sell-off as fresh legislative threats out of Tehran against commercial transit through the Strait of Hormuz reignited geopolitical risk premiums.
Container spot rates edged lower overall this week, though Transpacific trade diverged from the broader decline as August 1 General Rate Increases (GRIs) and extended tariff frontloading provided renewed momentum.