Diesel, gasoline and natural gas prices also rose as the US-Israel conflict with Iran continued.
Given its small market share, Deliveroo’s exit is unlikely to materially affect consumers or riders but it may have strategic implications for F&B businesses, says Momentum Works’ Li Jianggan.
Given its small market share, Deliveroo’s exit is unlikely to materially affect consumers or riders but it may have strategic implications for F&B businesses, says Momentum Works’ Li Jianggan.
The move aims to protect energy shipments through the Strait of Hormuz and stabilise oil markets amid escalating Middle East tensions.
