World Business Report Oil, outages and energy shifts: the global ripples from the Middle East
Mar 23, 2026
Dan Thomas, Global media editor at the Financial Times, briefly explains the OnlyFans business model after its founder's death. Ray Coyle, CEO of Energise Africa, highlights the surge in solar adoption across sub‑Saharan Africa and the funding hurdles. They also discuss oil price swings, fuel shocks in the Philippines, and power blackouts in Cuba in short, punchy segments.
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Markets Swing On De escalation Signals
- Markets reacted strongly to President Trump's comments about de-escalation, sending oil down over 10 percent and stock indices up in the US and Europe.
- Walter Todd noted short-term energy stocks rose despite falling oil and longer-dated contracts fell less, showing trader skepticism about lasting peace.
Philippines Petrol Queues And Jeepney Pain
- In Manila queues at petrol pumps and papered-over price signs reflected rapid fuel-price jumps after the Middle East conflict.
- A jeepney driver said rising diesel hit livelihoods and asked the government to allow higher fares because subsidies were insufficient.
Qatar Supply Shock Rewrites LNG Outlook
- Qatar's LNG infrastructure is vulnerable and 17% of its LNG capacity was knocked offline, with reconstruction taking four to five years.
- The pause in Qatar's expansion removes an expected glut, tightening global LNG markets and changing long-term dynamics.