Keywords: Iran
The Spanish government has closed its airspace to U.S. aircraft involved in the ongoing conflict against Iran, according to Defense Minister Margarita Robles. Spain’s left-leaning government has expressed strong opposition to U.S.-Israeli military actions in the region. Robles clarified that the......
Asian currencies and equity markets came under heavy selling pressure on Monday as the U.S. and Israeli military campaign against Iran, now entering its fifth week, continued to push oil prices higher and deepen risk aversion across the region. South Korea's Kospi plunged 4.73 percent at the open......
European Union energy ministers are scheduled to meet on Tuesday to discuss a coordinated response to disruptions in oil and gas markets caused by the ongoing conflict involving Iran, according to an internal EU briefing. Europe’s heavy dependence on energy imports has exposed it to rising prices......
Cambodia will eliminate import duties on passenger electric vehicles, reducing the rate from 35% to zero effective April 1. The government also removed duties on electric vehicle battery chargers, electric motors, lithium batteries and solar energy devices to help consumers cope with rising energy costs. The......
The war between the United States, Israel, and Iran, along with a de facto closure of the Strait of Hormuz, has upended global energy markets, and the ripple effects are now reshaping how consumers around the world buy cars. With Brent crude surpassing 116 dollars a barrel this week, drivers from Seoul......
Tensions between Pakistan and Afghanistan have escalated following an exchange of heavy fire along their shared border, just days after both sides had agreed to a temporary ceasefire. Officials from both countries confirmed that artillery and heavy weapons were used during the clashes, affecting areas......
One month into the U.S.-Israeli war against Iran, the economic shockwaves of the conflict are spreading well beyond the Middle East, pressing households and industries across three continents. Iran's effective blockade of the Strait of Hormuz, through which roughly one fifth of global oil and liquefied......
Four weeks into the war between the United States, Israel and Iran, the near-total paralysis of the Strait of Hormuz has blocked one third of global seaborne fertilizer trade, triggering a price surge and prompting the United Nations to warn of a "systemic shock" to global food systems as planting......
The war in Iran, now entering its second month, is sending cascading economic shockwaves across Southeast Asia, where surging energy costs are rapidly translating into food insecurity and social unrest. The United Nations Food and Agriculture Organization warned Thursday that the conflict in the Persian......
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