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Global financial markets declined on March 18, 2026, after stronger than expected US producer price data and a cautious Federal Reserve stance reinforced concerns about persistent inflation and slowing growth. Major US stock indices posted significant losses. The Dow Jones Industrial Average dropped 768 points, or 1.63 percent, to about 46,225,......
Several tankers carrying Russian crude originally bound for China have changed course mid-voyage and are now heading to India, as Indian refiners take advantage of a temporary US sanctions waiver to secure discounted supplies amid a global energy crisis. The Aframax tanker Aqua Titan, loaded with Urals crude from a Baltic Sea port in late......
The Bank of Japan kept its interest rates unchanged on Thursday, warning that rising oil prices linked to the Middle East conflict could push up underlying inflation and complicate policy decisions. The central bank maintained its short-term policy rate at 0.75 percent following a two-day meeting, in line with market expectations. The decision......
The conflict involving the United States, Israel and Iran has disrupted global energy markets, prompting governments to accelerate efforts to reduce reliance on fossil fuels. After Tehran effectively shut the Strait of Hormuz, around 20 percent of global oil and liquefied natural gas supply has been blocked, triggering what policymakers describe......
Amazon chief executive Andy Jassy said artificial intelligence could help Amazon Web Services reach 600 billion dollars in annual revenue within the next decade, significantly raising his earlier forecast, according to remarks reported by Reuters. Speaking at an internal company meeting, Jassy said he had previously expected AWS to generate......
A severe energy crisis linked to the war in Iran is forcing governments across Asia to impose emergency austerity measures, as disruptions in the Strait of Hormuz choke vital oil and gas supplies to heavily import-dependent economies. Pakistan announced it would cancel its annual Pakistan Day military parade scheduled for March 23, replacing......
Ukrainian President Volodymyr Zelensky said the conflict in Iran is disrupting peace negotiations over Ukraine and straining critical missile supplies needed to defend against Russian attacks. Speaking to the BBC during a visit to London on March 17, he said the situation raises serious concerns for Kyiv. Zelensky said the growing focus of......
Spanish Prime Minister Pedro Sanchez assured on Wednesday that ongoing tensions in the Middle East would not reduce his country’s commitment to Ukraine as it continues to face Russian aggression. During a joint press conference with Ukrainian President Volodymyr Zelenskiy, both leaders highlighted new cooperation agreements in defense......
The United States government has issued a new general license that waives certain sanctions on transactions involving Venezuela’s state‑owned oil company, Petróleos de Venezuela, S.A. (PDVSA), according to the U.S. Treasury Department. This move marks a significant shift in Washington's policy toward Caracas and its embattled......
Colombia’s president Gustavo Petro has accused Ecuador of carrying out airstrikes near their shared border that left 27 people dead, escalating a diplomatic dispute between the neighboring countries. Ecuador’s government has rejected the claims, insisting its military operations have remained strictly within its own territory. The......
Global oil prices climbed sharply on Tuesday as renewed Iranian attacks on energy infrastructure in the Gulf reversed a brief decline, with Brent closing above 100 dollars per barrel and US crude gaining nearly 3 percent on the day. The rally comes as the conflict involving the United States and Israel against Iran enters its third week,......
BHP Group said Brandon Craig will become chief executive on July 1, succeeding Mike Henry after more than six years in the role, signaling continuity in the mining company’s long term strategy. Craig currently serves as president of BHP Americas, where he has overseen growth initiatives across Canada, the United States and South America......
US President Donald Trump said he has requested a one month delay to his planned summit with Chinese President Xi Jinping, citing the ongoing war with Iran as the reason for remaining in Washington. Speaking at the White House, Trump said he wanted to travel to China but considered it necessary to stay in the United States due to the conflict.......
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