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Keywords: Crisis
The six-week-old war between the United States, Israel, and Iran has produced the worst oil supply crisis in modern history, drawing warnings from economists and international institutions that the world faces a growing risk of stagflation and recession if the Strait of Hormuz remains closed. The International......
The war in Iran has triggered a cascading energy crisis from Southeast Asia to Europe, with governments imposing fuel rationing, grounding aircraft, and shutting institutions as the closure of the Strait of Hormuz chokes off roughly one fifth of the world's oil and gas supply. Goldman Sachs has described......
Taiwan has received supply guarantees from an unidentified major energy-producing country and secured alternative liquefied natural gas deliveries, while the United Arab Emirates has moved to reassure its population on food and commodity stability, as the Strait of Hormuz blockade enters its second month......
Oil prices settled around $110 per barrel on Monday as markets remain tense over the Middle East conflict, where Donald Trump has threatened critical Iranian infrastructure, while potential negotiations are being monitored. In Tokyo, one of the few exchanges open on this Easter Monday, the stock market......
A recent rally in the Indian rupee has triggered a sharp increase in hedging activity, as importers move quickly to secure favorable exchange rates for future dollar payments. The appreciation of the currency follows measures introduced by the Reserve Bank of India to curb speculative trading and arbitrage......
Five European Union countries have called for the introduction of a windfall tax on energy companies, as rising fuel prices continue to put pressure on households and economies across the region. The proposal comes amid renewed energy market volatility linked to geopolitical tensions. Finance ministers......
Rising fuel costs driven by the ongoing conflict in the Middle East are reshaping Easter and spring holiday travel across multiple continents, forcing millions of consumers to cancel trips, shorten itineraries, or stay closer to home as the global tourism industry braces for a difficult season. In Australia,......
More than a month into the U.S.-Israeli military campaign against Iran, a growing number of analysts and business leaders are warning that the conflict may not end in regime change or capitulation, but in the transformation of the Islamic Republic into a closed, militarized garrison state modeled on......
Iranian drones struck the Mina al-Ahmadi oil refinery in Kuwait on Friday morning, igniting fires across multiple operational units in the latest attack on Gulf energy infrastructure since the U.S.-Israeli air campaign against Iran began in late February. Kuwait Petroleum Corporation told the official......