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.
How Pakistan helped secure a fragile ceasefire between the US and Iran
Pakistan has a historic relationship with Iran, but an agreement was far from certain, writes the BBC’s Caroline Davies …
How Pakistan brokered Iran-US two week ceasefire: Inside the ‘Islamabad Accord’ push
March, very few expected Pakistan to intervene as it did. But over the weeks that followed, Islamabad slowly moved into the centre of the crisis, and by early April, it had become the main line of …
India’s central bank holds benchmark policy rates as Iran war raises inflation risks
India’s central bank needs to weigh growth risks and inflation pressures from the Iran war as higher energy costs and supply disruptions mount.