Earlier, a meeting of G7 finance ministers and the International Energy Agency ended apparently without agreement to release strategic oil reserves.
Crude oil prices spike as a broadening Iran war threatens both transport routes and production
The price of Brent crude, the international benchmark, briefly surged to $119.50 per barrel on Monday — its highest level since the summer after Russia invaded Ukraine in 2022. West Texas Intermediate ...
Vietnam mulls removing fuel duties as Mideast war hits supplies
Vietnam is considering a plan to scrap tariffs on fuel imports, the government said, as the US-Israeli war with Iran disrupts oil supplies and pushes prices to their highest level since 2022. Since ...
India’s economy is not as big as economists thought
Economists have raised doubts over the GDP figures released shortly after Mr Modi came into power 12 years ago, and which revised down growth under the previous administration. The shelving of a ...
Pakistan announces austerity measures to save fuel amid Mideast conflict
March 9 - Pakistan's Prime Minister Shehbaz Sharif on Monday unveiled several austerity measures, including a cut in government fuel allowances and school closures to save fuel amid a spiraling ...
Schools closed in Pakistan’s Punjab till March 31 amid oil crises
Panic buying of petrol and other petroleum products has already begun in the country, following the impact of the war.
Pakistan shuts schools and universities, introduces four-day workweek amid fuel shortage fears
Pakistan, which depends heavily on imported fuel, is particularly vulnerable to disruptions in supply routes and rising crude prices.
Dubai property stocks tumble 20 per cent; what it means for investors
Dubai real estate stocks have plunged 20% in just five days as tensions escalate in West Asia following the Iran-US-Israel conflict. ( read original story ...)
Is This The Last Chance To Buy Dubai Property Before Prices Surge Again?
Dubai's record $250bn real estate boom faces new questions as geopolitical tensions in the Middle East prompt investors to reassess risks and opportunities. ( read original story ...)
‘Crazy’ Yangon property prices despite struggling economy, civil war in Myanmar
Yangon is experiencing a property boom despite Myanmar's economic struggles, with prices doubling since 2020 due to "risk hedging" amid political instability. ( read original story ...)