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Posted on March 16, 2026

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 …
Posted on March 16, 2026

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 …
Posted on March 16, 2026

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.
Posted on March 16, 2026

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 …
Posted on March 16, 2026

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 …
Posted on March 16, 2026

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.
Posted on March 16, 2026

China’s Difficult Choice in the Iran-Israel-US War

After the outbreak of the conflict among the United States, Israel, and Iran, China’s position and role quickly became a focal point of international attention. In some media and analytical narratives …
Posted on March 16, 2026

‘We never asked for a ceasefire,’ says Iran’s foreign minister, as war keeps raging

Israel announced a barrage of new strikes on western Iran on Sunday, while Iran’s foreign minister said the country has not asked for a ceasefire as President Trump had claimed.
Posted on March 16, 2026

Israel says it still has thousands of targets in Iran, as Trump and Starmer discuss Strait of Hormuz

Meanwhile, Iran’s Foreign Minister Abbas Araghchi says the country has not “asked for a ceasefire” after Trump said it had wanted a deal.
Posted on March 15, 2026

Iran war only exacerbates Cyprus’ underlying economic challenges

Even before the outbreak of the war on Iran the Cyprus government faced profound challenges including the need to protect the living conditions of lower income households, to undertake investments in …

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