Oil futures tumbled on Wednesday, but risks of a continued energy shock lingered after Iran’s semi-official Tasnim news agency said the regime was halting all traffic through the Strait of Hormuz …
Oil prices plunge, but uncertainty remains as Iran threatens to pull out of ceasefire deal
Oil futures tumbled on Wednesday, but risks of a continued energy shock lingered after Iran’s semi-official Tasnim news agency said the regime was halting all traffic through the Strait of Hormuz …
Dubai property sales plunge over 30% as Iran war shakes investor confidence
Dubai’s residential real estate market saw a sharp downturn as escalating tensions involving the US, Israel and Iran weighed heavily on investor activity. Property sales fell 30.5%, dropping from …
India’s central bank warns of Iran war-fueled inflation, growth risks as it keeps policy rates steady
India’s central bank needs to weigh growth risks and inflation pressures from the Iran war as higher energy costs and supply disruptions mount.
India set to get first Iranian oil cargo in 7 years, tracking data shows
By Nidhi Verma and Siyi Liu NEW DELHI, April 8 (Reuters) – India is set to receive its first oil from Iran in seven years after the U.S. temporarily removed sanctions on Iranian oil and refined …
Why Pakistan and China brokered a fragile Iran ceasefire
Pakistan and China mediated a temporary peace between the US and Israel, and Iran, pausing hostilities and opening the Strait of Hormuz. Here’s why.
Philippines hit by accelerated inflation, no immediate relief from Iran-US ceasefire
Philippine authorities said inflation in the country has accelerated to 4.1 per cent in March, a significant increase from 2.4 percent in February before the Middle East conflict …
Japan business mood worsens, bankruptcies seen rising as Iran war lifts costs
By Leika Kihara TOKYO, April 8 (Reuters) – Japan saw corporate bankruptcy cases rise for the fourth straight year in fiscal 2025 and may see further increases from around summer this year as surging …
2 years ago, Saudi Arabia quietly canceled the ‘petrodollar’ deal with America that wired the world economy for 50 years. Then war broke out in Iran
The ongoing conflict in the Gulf, however, has newly exposed the weakness of the petrodollar. Following the first U.S.-Israeli attack, Iran effectively closed the Strait of Hormuz, through which 20% …
Oil prices plunge after US announces ceasefire with Iran
Global oil prices fell sharply to around US$93-96 per barrel after the US and Iran agreed to a temporary ceasefire, easing market tensions.