Finance

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Trafigura signs $1 billion oil prepayment deal with Gabon

Commodities trader Trafigura said on Wednesday it had signed a $1 billion prepayment agreement with Gabon, under which it will receive crude oil deliveries over a seven‑year period.

IMF warns Middle East war shock could push global debt towards crisis levels

The war in the Middle East is adding fresh strain to government budgets at a time when public finances are already weakened by years of overlapping shocks, the International Monetary Fund (IMF) has warned in its latest Fiscal Monitor.