Oil crisis from Iran conflict drives electric vehicle surge in Asia

The energy shock triggered by the war in Iran is reshaping Asia’s energy outlook. Analysts say the disruption is accelerating the region’s shift toward renewable energy and electric vehicles, even as several countries increase coal use in the short term. Fighting has severely disrupted oil shipments through the Strait of Hormuz,......

Second zombie tanker crosses Hormuz as deception tactics spread

A vessel broadcasting the identity of a scrapped liquefied natural gas carrier crossed the Strait of Hormuz on March 20, becoming the first known zombie ship to use such a tactic in the contested waterway since the Middle East war began, Bloomberg first reported. Days later, a second zombie tanker followed, underscoring the lengths operators......

India approves $3 billion plan to boost regional air connectivity

India’s cabinet has approved a $3 billion initiative aimed at expanding regional air connectivity across the country, officials said Wednesday. The scheme, announced by Information Minister Ashwini Vaishnaw, will improve domestic flight networks, enhance accessibility to smaller cities, and support economic growth in underserved regions. The......

Foreign investors pull $50 billion from Asian stocks amid war driven volatility

Foreign investors have withdrawn approximately 50 billion dollars from Asian equity markets in March, marking one of the largest capital outflows since the 2008 financial crisis as geopolitical tensions tied to the Iran conflict continue to disrupt global markets. Data from LSEG shows sustained net selling across major Asian markets, including......

Electric vehicle demand surges as oil prices climb above $100

Global demand for electric vehicles is rising sharply as oil prices surge following the conflict involving Iran, prompting consumers to reassess fuel costs and accelerate the shift toward electric mobility. Brent crude has recently traded above 112 dollars per barrel, up about 60 percent since hostilities began on February 28. The increase......

Asian bond yields surge as Iran war triggers capital outflows

Government bond markets across Asia have come under heavy pressure as the conflict involving Iran drives oil prices higher and prompts a sharp withdrawal of foreign capital. Yields have climbed across major economies, reflecting rising inflation risks and shifting expectations for global monetary policy. In Japan, the yield on 10 year government......

Middle East conflict threatens up to 3 percent GDP loss in Asia Pacific

Escalating conflict in the Middle East could reduce economic output across Asia Pacific by up to 3 percent in a prolonged war scenario, according to a new assessment by Moody’s Analytics. The report projects regional growth slowing to 4 percent in 2026 from 4.3 percent in 2025, with further moderation to 3.6 percent in 2027. Major economies......

IndiGo appoints former Air India Express CEO as chief strategy officer

IndiGo has appointed Aloke Singh, former CEO of Air India Express, as its new chief strategy officer. Singh will join the airline on April 6, following the recent departure of CEO Pieter Elbers. IndiGo holds approximately 65% of the domestic market in India, the world's fastest-growing aviation market. The airline faced a major operational......

Dollar surges as Trump ultimatum to Iran nears deadline

The US dollar strengthened sharply as tensions between Washington and Tehran escalated ahead of the expiration of President Donald Trump’s ultimatum over the Strait of Hormuz, driving investors toward safe-haven assets and pressuring Asian currencies and equities. The dollar index rose to around 99.5, extending gains that began with......

Reliance Jio prepares for landmark IPO amid telecom and tech expansion

Indian billionaire Mukesh Ambani’s Reliance Jio Platforms is preparing to file for regulatory approvals for a stock market listing in Mumbai, potentially marking the largest-ever IPO in India. Jio Platforms houses Reliance Jio Infocomm, the country’s largest telecom operator, with more than 500 million subscribers, making it the......

Indian sugar mills boost exports amid weak rupee and rising global prices

Indian sugar mills are returning to the international market, securing around 100,000 metric tons of exports in a single week as a record-low rupee and rising global prices make overseas sales more profitable, according to industry sources. The shipments, coming from the world’s second-largest sugar producer, are expected to help Asian......

Indian Prime Minister Modi talks with Iran’s Pezeshkian on security concerns

Indian Prime Minister Narendra Modi announced on Saturday that he spoke with Iran’s President Masoud Pezeshkian, addressing recent security concerns in the Middle East. In a post on X, Modi condemned attacks targeting critical infrastructure in the region and emphasized the importance of keeping international shipping lanes open and......

Asian refiners turn to Iranian oil after temporary U.S. sanctions waiver

Oil refiners across Asia are reassessing their supply strategies following a temporary decision by the United States to ease restrictions on Iranian crude exports. The move comes amid concerns over tightening global energy supplies and rising market volatility. In India, several refiners are preparing to resume purchases of Iranian oil, pending......

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