Keywords: Middle East
American and Iranian forces exchanged fire in the Strait of Hormuz on Thursday in the most serious military confrontation since a ceasefire took effect on April 8, casting serious doubt over the ability of the month-old truce to hold as both sides traded accusations over who fired first. The incident......
Asia is facing a dangerous convergence of inflationary pressures as a looming El Niño weather event and record temperatures compound the economic fallout from the Middle East oil crisis, threatening to drive food and energy costs sharply higher in the second half of 2026 at a moment when central......
Electric vehicle registrations rose sharply across Western Europe in April 2026, with several countries recording record or near-record battery electric vehicle market shares as consumers increasingly turned away from combustion-engine cars amid fuel price surges driven by the ongoing conflict in the......
Japan and Australia signed a series of agreements on critical minerals and energy cooperation during a bilateral summit in Canberra, as both countries move to secure supply chains under mounting pressure from global oil market instability linked to tensions in the Middle East. Japanese Prime Minister......
Fuel prices in Morocco declined on May 1, marking the first drop after several months of continuous increases. Across multiple service stations, diesel prices fell by about one dirham per liter, while gasoline recorded a slightly larger decrease of around 1.10 dirhams. Average prices now stand near 14.50......
Israel has deployed its laser-based air defense system to the United Arab Emirates to help counter sustained missile and drone attacks launched by Iran, marking a significant escalation in regional military cooperation. The move underscores deepening security ties between Israel and Gulf partners following......
Inflation accelerated again in April, reaching 2.2% year-on-year, according to preliminary estimates published by the national statistics institute. This increase marks a sharp rise compared to the 0.3% recorded in January, reflecting renewed pressure on prices in recent months. The surge is largely......
The risk of a jet fuel shortage in Europe is easing, according to Ryanair chief executive Michael O’Leary, who offered a more optimistic assessment of fuel supply conditions than earlier warnings circulating in the aviation sector. His comments come as the Middle East conflict continues to disrupt......
UBS reported a sharp rise in profitability for the first quarter, with net profit attributable to shareholders reaching 3 billion dollars. The figure marks an 80 percent increase compared with the same period last year and exceeds market expectations of about 2.8 billion dollars. The performance was......
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