Oil and gas price hikes due to the war have rattled the global economy.
With Iran still in control of Hormuz, Trump threatens NATO and oil hits $106
The price of oil is driving everything today—even the cost of fertilizer.
Trump suggests he may delay China trip, but Bessent says it’s not to pressure on Strait of Hormuz
President Donald Trump may delay his China trip due to the Iran war, but Treasury Secretary Scott Bessent said Monday it’s not to pressure Beijing on the Strait of Hormuz. Bessent said any delay to …
Trump’s Iran War Duties, Not China Disputes, Could Delay Beijing Summit, Bessent Says
PARIS, March 16 (Reuters) – Any potential delay to a planned summit this month between the U.S. and Chinese presidents would not stem from trade or shipping disputes with China but from the …
India’s LPG consumption declines due to shortages in wake of Iran war
By Nidhi Verma NEW DELHI, March 16 (Reuters) – Indian state fuel retailers’ sale of liquefied petroleum gas (LPG) slowed in the first half of March, preliminary data showed, as the country reels from …
Exclusive-As India seeks Hormuz safe passage, Tehran asks for return of seized tankers, sources say
By Saurabh Sharma and Krishna N. Das NEW DELHI, March 16 (Reuters) – Iran has asked India to release three tankers seized in February as part of talks seeking the safe passage of Indian‑flagged or …
The Iran war is driving an oil shock — but not a broad supply chain crisis, Goldman Sachs says
Oil shock from Iran war raises inflation concerns, but Goldman Sachs sees minimal impact on global supply chains outside energy sector.
Dubai, Abu Dhabi Iran War LIVE: India against Trump’s view on warships at Strait of Hormuz, Iran allows vessels to pass
Authorities have announced a suspension of all flights in and out of Dubai. Traffic has also been closed on an airport route. Follow live updates on Dubai, Abu Dhabi strikes, ADNOC shutdown, LPG …
Trump-Xi China summit may be delayed if Trump wants to stay in Washington for Iran war: Bessent
Treasury Secretary Scott Bessent said on CNBC Monday that the meeting between President Donald Trump and Chinese Leader Xi Jinping could be delayed for logistical reasons. Trump suggested on Sunday …
India hopeful Iran talks will ease Hormuz route for its ships
Foreign Minister S Jaishankar told FT there was no “blanket arrangement” for Indian ships to pass through the strait.