Economy
Airlines worldwide are increasing ticket prices, adding fuel surcharges, and reducing routes as jet fuel costs have nearly doubled since the outbreak of war involving Iran on February 28. Industry analysts describe the situation as the most severe disruption since the COVID-19 pandemic. Jet fuel prices......
India is experiencing a historic outflow of foreign capital as investors retreat from bonds and equities, driven by rising oil prices linked to the ongoing conflict in Iran. Since February 28, foreign portfolio investors have sold a net $12.14 billion of Indian shares, marking the largest monthly exit......
Bank of England announced a reduction in the cost for banks to access its on-demand liquidity support, aiming to simplify its reserve management and improve financial stability. The move is part of a broader shift to a demand-driven reserve system, under which commercial banks borrow cash from the central......
A powerful cyclone has disrupted operations at key liquefied natural gas (LNG) facilities in Australia, affecting global energy supply at a time of heightened market volatility. Energy giant Chevron confirmed that production had been interrupted at major gas projects, including the Gorgon and Wheatstone......
Japan is preparing to temporarily relax restrictions on coal-fired power plants as it seeks to manage the impact of the ongoing global energy crisis linked to tensions in the Middle East. Government officials confirmed that the plan involves adjusting existing environmental rules that were originally......
Fuel prices in Vietnam have dropped sharply following a government decision to temporarily suspend an environmental tax, in a move aimed at easing the impact of the ongoing global energy crisis. Authorities announced that the tax on gasoline, diesel, and aviation fuel would be reduced to zero for a......
Central banks across the globe have lifted their inflation outlooks less than a month after U.S. and Israeli forces struck Iran on February 28. The conflict's economic fallout spreads as energy prices soar and supply chains disrupt. Governments activate emergency measures to counter the crisis [reuters.com]. France's......
Oil prices surged Thursday while global stock markets dropped sharply. Hopes for a quick end to the U.S.-Iran conflict faded as the Pentagon prepares military options for a potential knockout blow. Investors, rattled after nearly four weeks of fighting, drove the reaction.[reuters.com] Brent crude crossed......
The U.S. dollar traded near 99.6 on Thursday. Ongoing war between the United States and Iran drives investors to safe-haven assets. The dollar index rose early in the session amid uncertainty over the conflict and the Strait of Hormuz closure. Iranian forces declared the waterway shut on March 4, disrupting......
Omar Hejira, Morocco's secretary of state for foreign trade, visited Abidjan to meet Ivorian public and private sector leaders. The talks aimed to strengthen bilateral trade and advance balanced South-South cooperation focused on mutual development. This effort aligns with Morocco's 2025-2027......
Iran has likely collected hundreds of millions of dollars in additional oil revenue since the U.S.-Israeli military campaign began on February 28, exploiting its unique position as the only major Persian Gulf producer still able to ship crude through the Strait of Hormuz. The windfall represents a central......
Sultan Al Jaber, director general of ADNOC, delivered some of his sharpest remarks yet against Iran's grip on the Strait of Hormuz during an intensive week of speeches and meetings in the United States, describing the weaponisation of the waterway as economic terrorism against all nations and warning......
The Middle East war now threatens to slow US liquefied natural gas export capacity expansion. It disrupts one-fifth of global supply and spikes prices in Europe and Asia. Freeport LNG CEO Michael Smith warned Wednesday at S&P Global's CERAWeek conference in Houston. Supply chain issues from......
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