Keywords: Crisis
Russia’s fiscal position has deteriorated sharply in early 2026, forcing the government to introduce emergency measures as revenues fall and spending rises. The federal budget deficit reached 4.6 trillion rubles, or about 58.8 billion dollars, in the first quarter alone, already exceeding the full......
US crude oil inventories posted an unexpected decline of 4.4 million barrels in the week ending April 17, far exceeding market expectations for a one million barrel draw. The drop follows a 6.1 million barrel increase the previous week and reflects growing volatility in global oil markets as disruptions......
Crude exports from Saudi Arabia rose to 7.276 million barrels per day in February, up from 6.993 million in January, reaching their highest level in several years. The increase of 283,000 barrels per day reflects a steady ramp up in output as the kingdom positioned itself amid rising geopolitical tensions......
Governments across dozens of countries are deploying emergency policies to shield households and businesses from a widening energy crisis triggered by the war involving the United States, Israel, and Iran. The disruption has been amplified by the closure of the Strait of Hormuz, which has removed roughly......
Crude imports across Asia are declining as the closure of the Strait of Hormuz approaches its eighth week, exposing the limits of alternative supply routes. Major importers including China, India, South Korea and Japan are struggling to replace Middle Eastern crude that previously moved through the corridor,......
Fatih Birol said the conflict involving Iran and a coalition led by the United States and Israel has created the most severe global energy crisis on record, surpassing both the oil shocks of the 1970s and disruptions linked to the war in Ukraine. Speaking publicly on Tuesday, he said the combined impact......
Nearly 7,900 migrants died or went missing on migration routes worldwide in 2025, according to data released by the United Nations’ International Organization for Migration (IOM). Although this figure is lower than the record of 9,200 deaths reported in 2024, it remains alarmingly high. The agency......
Major Asian carriers including Cathay Pacific, Singapore Airlines, Korean Air and Qantas report a sharp increase in passenger demand on Europe-bound routes as travelers avoid Middle East hubs affected by the conflict involving Iran. The shift reflects a rapid reconfiguration of global air travel flows,......
FINMA has indicated that the emergency response plan of UBS still requires further development, following a series of inspections carried out across the banking sector. According to the regulator, a significant share of its on-site inspections in 2025 focused on UBS, reflecting the bank’s systemic......
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