The Middle East conflict continues to fuel inflation and impact global economies, leading to growing doubt among UK shoppers and prompting governments like India and Albania to implement measures such as export duties, reduced excise taxes, and price board meetings to stabilize fuel prices. Spanish families are also saving more amidst rising inflation, while European fund managers advise on investment strategies to mitigate risks.
President Trump has extended his ultimatum for Iran to reopen the Strait of Hormuz by 10 days, paused attacks on its energy sector, and expressed a desire for a speedy end to the war, though he stated there is no cease-fire. Meanwhile, Israel launched more strikes on Iran, and markets have reacted to these developments, with oil falling, gold rising, and stocks finishing higher.
The Middle East conflict continues to drive global economic concerns, with Europe bracing for a supply crunch and price shock, Euro zone consumers turning gloomier, and developing Asia and Pacific facing potential inflation hikes. European shares and global stocks and bonds have slid as the crisis pushes oil prices above $105, exacerbating a war-fuelled energy crisis felt across various sectors and regions.
Goldman Sachs warns of a potential food price spike due to disruptions in the global nitrogen fertilizer market, as fertilizer and energy prices reach record levels for farmers, exacerbated by the US-Iran war.
BusinessAPBBCNYT+14Al Jazeeraobservador24urirish-timesla-vanguardiaTimes of Indiaindian-expressndtv+6 more1d ago17 sources
The International Energy Agency (IEA) is ready to release additional oil reserves following Japan's request, signaling further action amid Middle East tensions and the Iran war, which are expected to lead to higher energy and consumer prices. Ireland's Central Bank has warned that a severe energy shock from the Iran war could push inflation above 4% this year, while the UK government plans to invest £100m to restart a Teesside CO2 plant as a contingency measure.
Iran has reiterated its rejection of US ceasefire efforts and a 15-point American peace proposal, instead outlining its own critical conditions for ending the conflict, including demands for war reparations and sovereignty over the Strait of Hormuz, while also claiming to have forced the USS Lincoln to change its position.
The Iran war continues to cause a global energy shock, driving fuel prices up and shaking the world economy, with Asia looking to COVID-era playbooks to tackle the crisis from the Strait of Hormuz blockage. Daily life in Asia is disrupted by the fuel crisis, and poor countries face catastrophe as the global economy pays a high price for the conflict.
An analysis suggests that Russia is the primary beneficiary of the US-Iran war, boosting its economy, particularly through developments in the Strait of Hormuz. Geopolitical experts further warn that a US bombing of Iran's oil pipelines could devastate the country's economy for years.
TechnologyReutersAl Jazeeracnbc+17rzeczpospolitaTimes of Indiaindian-expressDawnjerusalem-postKorea Heraldnaftemporikindtv+9 more2d ago20 sources
Amazon Web Services (AWS) has confirmed disruptions in its Bahrain cloud infrastructure, attributed to drone activity amid the ongoing Middle East conflict, causing outages for various services.
Qatar Airways has flown over 7,600 Indian nationals home from Doha in three days and announced limited flights until March 2026, citing the ongoing Middle East conflict.
As the US-Iran war enters its fourth week, former President Trump has claimed he did not want to start the conflict and has publicly blamed Pete Hegseth for advocating for it.
Financecnbcberlingsketvn24+9index-hrYahoocapital-bgluxemburger-wortTimes of Indiandtvbalkan-webkhaleej-times+1 more3d ago12 sources
Gold and silver prices have extended their losses, with gold slipping to a nearly four-month low and silver down 3% as investors flee safe haven metals. The rapid decline, including a significant drop in Dubai and Poland, is noted as gold loses its safe-haven appeal despite geopolitical tensions, with the US-Iran war specifically cited as a factor prompting questions about the underlying causes of this freefall.
An IRGC spokesperson has used President Trump's own catchphrase to mock and issue a warning to the US leadership, amid rising conflict and Trump's 48-hour ultimatum.
The US-Israel alliance in the Iran conflict continues to face scrutiny, with a former US counterterror chief discussing Israel's influence and the US Treasury Secretary defending attacks on Iranian infrastructure, stating that escalation is sometimes necessary for de-escalation.
A nuclear-powered Royal Navy submarine, HMS Anson, equipped with Tomahawk missiles, has been deployed to the Arabian Sea in a combat-ready position, amid escalating tensions in the Middle East and US threats.
The front pages of Greek Sunday newspapers on March 22, 2026, are dominated by coverage of the US-Israel war in Iran, its economic repercussions for Greece, fuel price scenarios, and proposed 2 billion euro measures.
Israel has launched a new wave of attacks on Iran, including fresh strikes on Tehran, as the US-Israel vs Iran conflict intensifies, impacting Gulf nations and global energy markets, with Netanyahu claiming victory.
During a meeting with Japan's Prime Minister Sanae Takaichi, Donald Trump stated that Japan would take steps in the conflict with Iran, unlike NATO, and emphasized that Japan is a stronger supporter than the alliance, criticizing its allies.
Global conflicts, from the Middle East to Ukraine, are directly impacting Indian households. Expect higher grocery bills due to rising LPG, cooking oil, and pulse prices.
A speech by UAE President Sheikh Mohammed bin Zayed Al Nahyan on March 7th, concerning the US-Iran war, has sparked an unprecedented informal campaign in the UAE, with his words being widely printed and shared.
About 90 ships, including oil tankers, have crossed the Strait of Hormuz since the outset of the war with Iran, with the country continuing to export millions of barrels of oil despite the waterway being effectively closed, according to new data.
Businesswsjtvn24hindu+15observadorTimes of Indiahindustan-timesindian-expressdanasDawnKorea Heraldnaftemporiki+7 more9d ago18 sources
Social media platforms are being inundated with fake videos and images, including burning US aircraft carriers and downed planes, purporting to show a war between the US and Iran, with many created by artificial intelligence.
BusinessAPbloombergThe Guardian+17cnbctagesschaumarketwatchBusiness Insidern1-serbiaYahooTimes of Indiahindustan-times+9 more11d ago20 sources
US markets are solidly higher as oil trades around $100, with Iran attacking more Gulf targets. Traders are increasingly nervous about warnings of oil prices potentially soaring to $200 per barrel as the Iran conflict continues, with many betting on WTI reaching $100+ by Friday.
Gold price prediction today: Gold prices are supported by the underlying geopolitical negative sentiment but the gains are capped, says Manav Modi, Senior Analyst, Commodity Research at Motilal Oswal…
A US Air Force KC-135 refueling plane crashed in Iraq, killing six servicemembers, including Major Alex Klinner. The incident occurred amid the ongoing US-Iran conflict, with a GoFundMe campaign set up for Klinner's family.
Air cargo prices are skyrocketing due to disruptions in key shipping lanes caused by the ongoing conflict in the Middle East. This has forced many carriers to reroute their vessels, leading to longer transit times and increased operational costs, which are then passed on to consumers.
BusinesscnbcThe Independenthindu+13capital-bgdnevnik-bgTimes of Indiahindustan-timesindian-expressDawnnaftemporikindtv+5 more14d ago16 sources
The National Restaurant Association of India (NRAI) has warned of potential catastrophic closures for restaurants due to the West Asia crisis impacting LPG supply, with the Delhi government now assuring normal LPG supply and no shortage amid these concerns.
As ship approached Strait of Hormuz, a 33-km-wide chokepoint currently a theatre of US-Iran war, the crew encountered a total stop of electronic navigation aids
The war between the US, Israel, and Iran has intensified with heavy strikes on Iranian targets and regional expansion, leading to nearly 800,000 people displaced and a serious humanitarian emergency.
As global oil prices see volatility due to the ongoing Iran war, airlines in Asia and Europe are raising ticket prices and implementing fuel surcharges.
G7 leaders have announced the record release of 400 million barrels of oil in response to the war in the Middle East. This represents about twenty days worth of usual oil traffic through the Strait of Hormuz, currently through dangerous to go through due to the threat of Iranian strikes. This initiative aims 'to calm markets down', as FRANCE 24's Philip Turle explains.
Iran has begun mining the Strait of Hormuz, the critical oil shipping chokepoint, with US naval forces actively destroying the mines. President Trump demanded Iran immediately remove all mines, warning of severe consequences. Reports estimate Iran possesses 5,000-6,000 sea mines, posing a major threat to global shipping.
South Korean stocks finished higher for the second straight session Wednesday as investors hunted for bargains amid the market's recent volatility caused by the US-Iran war.
The son of a British couple trapped in a Tehran prison is traveling to the US to lobby former President Trump for help, claiming the British government has 'let down' his parents who are caught in the US-Iran conflict.
A competition watchdog has been urged to address soaring heating oil costs affecting 1.7 million UK homes, with prices doubling since the US-Iran war began, prompting calls for fairness for customers.
The Middle East first came to dominate US defence policy in the 1970s – the decade of the Arab oil embargo, the Iran hostage crisis and the Soviet invasion of Afghanistan.
Global conflicts, particularly the US-Iran war, are disrupting supply chains and causing a significant increase in demand for Dangote fertiliser, with Africa's largest plant working to meet the challenge.
The US-Iran war has opened Pandora's box for the global economy as the worst-case scenario that markets have feared since the end of 2023 unfolds: a generalized...
Rapid US protests over the Iran campaign were reportedly driven by anti-Israel groups with alleged links to a Shanghai-based billionaire and a funding network under congressional scrutiny.
The easy availability of AI tools is leading to a new wave of misinformation online, with AI-modified satellite images being used to spread false narratives during the US-Iran conflict.
Dubai, with a global reputation as the safest place in the Middle East, has sustained damage to its international airport and hotels along its coastline.
There are almost one crore Indians who live and work in Gulf region, India said in a statement, adding that their safety and well-being is of utmost priority.
Commercial ships are anchoring off the coast of the United Arab Emirates amid navigation disruptions in the Strait of Hormuz.
Stringer/Anadolu/Getty Images
US-Israel strikes on Iran threaten the…
The photograph, posted on X by Iran foreign minister Abbas Araghchi, shows long, orderly rows of freshly dug graves stretching across an open dirt field.
US President Donald Trump warned of a possible new "big wave" of strikes against Iran, adding he had not ruled out deploying US boots on the ground. Trump also told a briefing at the White House Monday that the US was capable of fighting Iran far longer than projected.
The Turkish foreign minister continued his phone diplomacy on Monday, with phone calls with his Azerbaijani counterpart Jeyhun Bayramov, Bulgarian Foreign Minister Nadejda Neynsky...
China has reportedly stationed jets converted into drones at military bases located near the Taiwan Strait, a move that could escalate tensions in the sensitive region.
British Airways is offering financial incentives to pilots to reduce fuel consumption, a measure taken by airlines globally as the US-Iran war drives up jet fuel prices.
Donald Trump has expressed doubt about a deal with Iran, despite claiming Tehran is eager to negotiate, as the US-Israeli war escalates. This comes as Trump's self-imposed deadline on Iran approaches, with markets showing little reaction and Iran having rejected a US-proposed plan.
Global recession warnings intensify as the Iran War drives Brent crude above $100 per barrel, causing significant market volatility and prompting India to fast-track oil and LPG import deals amid Middle East supply shocks. Airlines are raising fares due to spiking jet fuel prices and tightening supplies, while investors closely watch the volatile oil market reacting to every change and lingering risks of a prolonged US-Iran conflict.
Former President Trump has reiterated his rejection of a ceasefire with Iran, asserting that Iran desires a deal but fears its own people and the US. Meanwhile, oil prices continue to climb past $100, driven by lingering risks of a prolonged US-Iran war, impacting global powers as Trump and Xi pursue energy dominance, with Europe particularly vulnerable.
The US-Iran conflict highlights the effectiveness of low-cost drones in aerial warfare, with Iran deploying thousands to challenge expensive military hardware, a development that may validate an ex-Google CEO's advice to the US Army on drones.
US President Donald Trump has confirmed 'very good' talks to end combat with Iran, leading to a delay in US strikes and a rise in markets, though Iran denies these discussions, outlines 'red lines' for peace, and continues its strikes, even firing rockets at Israel and mocking Trump.
The ongoing Iranian blockade of the Strait of Hormuz continues to severely impact global energy markets, with Kuwait warning of a catastrophic economic domino effect. Iran's Foreign Minister and Ministry of Foreign Affairs have stated that the Strait remains open to ships from nations not backing US-Israeli aggression, communicating this to the UN. The tightened global fuel supply is particularly affecting Asian nations and causing shortages for fuel retailers in Kenya, leading to increased reliance on coal and raising concerns about potential plane groundings, as European Commission President Ursula von der Leyen highlights a 'critical energy situation.'
Politicsbloombergdie-presseTimes of India+5hindustan-timesindian-expressstraits-timesndtvbalkan-web3d ago8 sources
Indian Prime Prime Minister Narendra Modi addressed Parliament on the Middle East crisis and fuel shortages, forming empowered groups to tackle the impact, while Rahul Gandhi criticized Modi's comparison of the fuel crisis to the Covid-19 pandemic and further termed Modi's foreign policy a 'universal joke' amidst Pakistan's mediation efforts between the US and Iran.
PoliticsDWTimes of Indiahindustan-times+2indian-expressgulf-news3d ago5 sources
The Indian government has called an all-party meeting to discuss escalating West Asia tensions and reports of an LPG crisis, with opposition leaders voicing concerns over the conflict's impact on India's energy security. Prime Minister Modi is expected to address the situation.
Gold price prediction today: Gold prices are likely to remain range-bound in the near future, says Praveen Singh, Head Currencies and Commodities, Mirae Asset ShareKhan
Several wedding ceremonies in Bihar's Khandail village are in jeopardy as grooms remain stranded abroad in the Gulf region due to the ongoing US-Iran war, with brides hoping for a miracle.
Dubai, UAE news LIVE: As US-Iran war enters its 24th day, the UAE said its air defence systems are responding to incoming missile and drone threats from Iran, urging residents to stay in safe…
Missiles landed near Israeli nucleaur site while Iran says its hospital was hit. Trump and Pezeshkian continued threatening each other on social media.
India's Ministry of Civil Aviation has removed the temporary cap on domestic airfares, which was imposed after IndiGo disruptions last December, leading to expectations of soaring ticket prices.
PoliticsTimes of Indiahindustan-timesindian-express6d ago3 sources
Analysts are examining how the US-Iran war presents a 'mixed bag' of opportunities for Russia, which is seen as benefiting, while the impacts on China are described as 'complicated'.
Four Palestinian women were killed and several others injured when missile debris, reportedly from an Iranian attack, struck a beauty salon in Beit Awwa in the southern West Bank, marking the first Palestinian deaths in the Middle East war, leading to widespread mourning among Palestinians.
At least 23 Asian nationals, including four Pakistanis, have been killed or are missing in the ongoing US-Iran war, leading to widespread grief among families, particularly during Eid.
Nvidia CEO Jensen Huang conveyed deep concern for his 6,000 Israeli employees and their families amidst the ongoing conflict, assuring them of the company's unwavering support and long-term commitment to Israel. He highlighted the critical role of Israeli talent in developing key Nvidia technologies, underscoring the nation's importance to the company's innovation pipeline and future expansion plans.
Oil prices continue to fluctuate due to Middle East tensions, with Asia pivoting to coal as LNG supplies are choked. Tokyo stocks also experienced mixed trading, losing early gains due to oil price concerns, while manufacturers face increased costs from the Iran war. Jet fuel prices and airfares are rising, but US airlines report continued flight bookings, while Vietnam faces falling oil production and Brazilian truckers weigh a strike amid the conflict. Crypto markets are also monitoring the situation, and US gasoline prices have soared.
British Prime Minister Keir Starmer told Ukrainian President Volodymyr Zelensky that international attention must remain on Ukraine's fight against Russia despite the US-Israeli war with Iran. The two leaders met in London and signed a new defence pact, reinforcing calls for continued support for Ukraine, with Zelensky also stating he sent anti-drone experts to help US allies in the Gulf region.
The ongoing war between the United States and Iran is raising significant ethical questions for the 2026 World Cup, with the US as a main host and Iran qualified. Criticism is mounting against the FIFA head, and Iran is reportedly negotiating with FIFA regarding its participation despite earlier statements.
Israeli President Isaac Herzog called on Europe to back efforts to 'eradicate' Hezbollah, stating in an interview that the US-Iran war marked a 'historical juncture' and that supporting Israel's fight was in Europe's national security interest.
Analysts suggest Iran’s attacks have collapsed and the trend is 'overwhelmingly positive,' though they note the military aspect is distinct from politics and markets. This comes as Trump threatens further war and Iranian families mourn war dead.
FinanceFTmarketwatchYahoo+2Times of Indianaftemporiki11d ago5 sources
Citi has revised its Nifty target to 27,000 from the earlier estimate of 28,500. The new projection suggests a potential upside of about 17 percent from the index’s last closing level.
Businessindex-hrTimes of Indiapunch-ng+1vanguard-ng11d ago4 sources
Police in Akwa Ibom State have arrested four youths from the Ibeno community over alleged vandalism at a Seplat Energy facility in Mkpanak Village, issuing a warning against such criminal acts.
Delcy Rodriguez, acting president of Venezuela, has asked US President Donald Trump to lift sanctions against the country. Sanctions were imposed on the country in 2014.
The International Energy Agency on Wednesday agreed to release a record 400 million barrels of oil from strategic stockpiles to combat a spike in global crude prices since the start of the US-Israeli war with Iran, with the US contributing the bulk of the supply.
TechnologybloombergThe Guardiandie-presse+4publicoTimes of Indiastraits-times20-minuten13d ago7 sources
The first-ever jury trial concerning the potential harms of social media has concluded in Los Angeles, with the jury now deliberating on accusations that Meta and YouTube created harmful, addictive products that aggravate mental health problems among young people, including a 20-year-old plaintiff suing Meta for addiction.
Prime Minister Narendra Modi described Om Birla as an 'excellent Speaker' of the Lok Sabha, praising his impartiality and leadership ahead of a no-confidence motion.
Iranian Kurdish opposition groups, with 4,000 to 5,000 fighters based in Iraqi Kurdistan, are prepared to challenge Tehran and have high hopes for the US-Israeli operation in Iran, but are holding back as the war unfolds.
The Delhi High Court canteen has temporarily halted serving hot meals due to an LPG shortage, with fears of wider supply disruptions growing amid the US-Iran war and its impact on the Strait of Hormuz.
US says its firepower will ‘surge dramatically’ and IDF warns of ‘surprises ahead’, as Iran launches retaliatory strikes
Middle East crisis – live updates
Israel and the US have bombarded Iran and…
BusinessReuterscnbcFrance 24+9hinduYahoocapital-bgTimes of Indianaftemporikichannel-news-asianewsbeastnz-herald+1 more16d ago12 sources
Donald Trump reportedly purchased over $500,000 of Netflix bonds and more than $600,000 of Warner Bros. bonds across multiple transactions, coinciding with the intense bidding war between Paramount and Netflix for Warner Bros. assets.
A former deputy cabinet secretary has disclosed details about the internal operations of COBRA meetings, highlighting Keir Starmer's involvement as the US-Iran war continues.
Amidst the ongoing Middle East conflict, the UAE ambassador has expressed confidence in PM Modi's ability to help resolve the issue, stating that 'one call from Modi can end issue' due to his strong standing.
A technologically complex missile and drone battle is unfolding, pitting Iran's swarms of cheap Shahed drones and ballistic missiles against US and Israeli advanced defence systems.
Spanish Prime Minister Sánchez continues to alienate European partners with his opposition to a US war against Iran, making Spain a difficult ally for counting truths and facing threats from Trump.
Get today’s Nigerian news headlines. Read about ministers quitting Tinubu’s cabinet, Umrah travel disruptions due to US-Iran tensions, and NYSC updates.
Read More:…
Marketers and Dangote trade words over a petrol price hike. Dangote blames rising global crude costs from US-Iran tensions, while data shows imports are ch
Read More: https://punchng.com/us-iran-war-marketers-dangote-trade-words-over-petrol-price/
The Philippines is looking at ways to save on energy as tensions in the Middle East push global fuel costs higher, with the government suggesting people use their air conditioners less and shy away…
BusinessYahooTimes of Indiaseeking-alpha21d ago3 sources
An analysis details how a potential US-Iran conflict could impact India's economy beyond oil, considering West Asia's role in supplying essential commodities.
Explosions tore through Tehran and Beirut on Tuesday and financial markets around the world slid at the prospect of a prolonged disruption to global energy supplies from the U.S.-Israeli air war…
WorldhinduTimes of Indiaindian-express24d ago3 sources
Sharing a long rant on social media platform X, Khawaja Asif said that the “Zionist” agenda was to bring Israel’s influence right up to Pakistan's border.
The ECB has kept inflation close to its 2% target, but a prolonged war in Iran would push up energy prices and could cause a new inflationary surge that would have to be combated with higher interest rates.
Kunlun, a small commercial lender controlled by China National Petroleum Corporation (CNPC), became the financial artery for China-Iran oil trade when US sanctions choked Iran's access to dollars.
The Chief of Staff of the US Armed Forces, Den Kejn, stated that the US-Iran war "will not consist of a single overnight operation" and added that the US can...
Multiple US military aircraft crashed in Kuwait early Monday, with all crew members surviving and in stable condition. The incidents occurred as Kuwait reported intercepting hostile drones, with Iran's state media claiming responsibility for hitting a US plane that crashed in the region. Smoke was also observed near the US embassy compound.
South Korea has been thrust into crisis mode as coordinated US and Israeli strikes on Iran, which led to the death of Supreme Leader Ayatollah Ali Khamenei, have made the Strait of Hormuz a volatile…
‘They should have done it sooner, they waited too long,’ says Trump but he doesn’t say when talks would take place
US-Israel war on Iran – latest updates
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The UN human rights chief expressed 'visceral horror' over the deadly bombing of an Iranian school, demanding justice and urging Washington to conclude its probe. This comes as Israel launched extensive attacks on Tehran and Iran attacked Kuwait's port, with rescue teams finding children's toys in the rubble.
US President Donald Trump has extended a deadline and promoted progress in talks with Iran, stating he is suspending attacks on Iranian energy plants. These diplomatic developments continue as military strikes persist, causing market volatility and stock drops.
The IDF has confirmed eliminating Alireza Tangsiri, commander of the Iranian Revolutionary Guard Corps Navy, who was responsible for the Strait of Hormuz blockade, while US President Donald Trump has urged Iran's negotiators to engage fully before it's too late.
First Lady Melania Trump concluded her 'Fostering the Future Together' global initiative summit at the White House, where she was joined by a US-built multilingual humanoid robot from Figure AI during the education and technology event to promote AI teachers.
Pakistan is grappling with an energy crisis, with jet fuel and kerosene prices skyrocketing due to the ongoing West Asia conflict, leading to considerations of unfreezing fuel prices.
Donald Trump has revealed that Pete Hegseth was the first high-ranking US official to advocate for military action against Iran, while also claiming Hegseth does not want the conflict to be settled.
BusinessNPRThe IndependentTimes of India+8hindustan-timesindian-expressstraits-timesjapan-timesndtvchannel-news-asiaDaily Star BDmyjoyonline2d ago11 sources
The ongoing Middle East conflict has severely impacted India's private sector and supply chains, prompting the Centre to form seven empowered groups to address the fallout and order coal plants to full capacity for summer energy security.
US-Israeli attacks continue to hit Iran's energy infrastructure, rattling the global economy with rising electricity, gas, and air cargo prices. Following an Israeli attack on the South Pars gas field, Iran has halted natural gas exports to Turkey, further straining capacity and fuel costs, while Russia has seen its oil revenues increase significantly due to the conflict. Lawmakers are now warning of potential price gouging as gas and airfares spike, though experts point to supply shocks, with Trump's energy czar calling the gas spike a "temporary blip."
Global stock markets rallied and oil prices initially dropped after US President Donald Trump announced 'good discussions' with Iran, but the relief was short-lived. Markets quickly became jittery again, with US stock futures dipping and foreign outflows hitting Asian stocks amid ongoing Middle East uncertainty and Iran war oil shock fears.
Major stock markets across Asia have slumped following renewed threats of escalating hostilities between Washington and Tehran, as the US-Israel war with Iran enters its fourth week.
An analysis explores the significant economic damage India and China could face from a US-Iran war, particularly concerning oil and energy imports and disruptions to the Strait of Hormuz, with Indian markets facing gloomy prospects even after the conflict concludes.
Lok Sabha Live Updates: PM Modi address comes a day after the government reviewed the impact of the US-Iran war on India's economy, supply chains and essential commodities.
International analysts are concerned about the US-Iran conflict, now in its fourth week, with investment strategists estimating that oil prices could reach $150 per barrel due to the ongoing uncertainty.
The Philippine Department of Energy has continued to permit the temporary and limited use of cheaper, dirtier Euro-II compliant fuel for specific sectors to ensure supply and cope with the impact of the Middle East crisis.
An analysis indicates that the US-Iran war is accelerating the climate crisis, with 5 million tons of carbon dioxide emitted in just 14 days of bombings, depleting the global carbon budget faster than 84 countries combined.
The US-Iran conflict is impacting vital underwater internet cables. Meta has paused a major project connecting Africa and the Gulf. Installation ships are stranded.
WorldReutersAl Jazeeraaftonbladet+11irozhlasTimes of Indiahindustan-timesstraits-timescyprus-mailDawnjerusalem-postn1-bih+3 more7d ago14 sources
Attacks on oil and gas facilities in the Middle East by both sides are escalating, threatening grave consequences for the global economy, prompting French President Emmanuel Macron to call for a moratorium on such attacks.
Israel's military continues its 'series of eliminations' of senior Iranian officials, with Israeli Defence Minister Israel Katz signaling 'significant surprises' after Iran's intelligence minister Esmail Khatib (also referred to as Larijani) was killed in an overnight strike. Pakistan's President Zardari expressed condolences over the killing.
The repercussions of the war in the Middle East would be felt globally, Iran's top diplomat said on Wednesday, suggesting more Western officials should push back against the conflict.
The post Iran’s says global repercussions of war ‘will hit all’ appeared first on Vanguard News.
Malaysian authorities have advised citizens to prepare for a more modest lifestyle due to global economic uncertainty stemming from the ongoing US-Iran conflict.
UK Prime Minister Keir Starmer has announced £53 million in support for 'vulnerable' households struggling with heating oil costs, which have sharply risen since the outbreak of the US-Israeli war with Iran, pledging to protect Britons from the energy price fallout.
The ongoing US-Iran conflict is jeopardizing the EU's economic plan for 'strategic autonomy' and long-term competitiveness, as the bloc faces another crisis impacting its financial stability.
The UAE has ordered the arrest of 35 individuals, including 19 Indians, for allegedly spreading fabricated videos and misinformation online amid escalating regional tensions. Authorities stated these actions aimed to incite panic and undermine stability by circulating real and AI-generated clips of missile interceptions and glorifying hostile states. The accused face expedited trials.
Farmers and vegetable producers are warning that the US-Iran war and Middle East crisis will lead to rising costs and empty shelves, causing a spike in food prices.
Iran has permitted two Indian-flagged LPG carriers and other Indian vessels to cross the Strait of Hormuz, following diplomatic discussions and confirming a rare exception to the blockade.
Hundreds of Indians working on various vessels across Gulf region now on frontlines of conflict ever since the US and Israel attacked Iran and latter retaliated
Iran has rejected US President Trump's warnings about the safety of its team at the World Cup, with the team labeling the US as unfit to host the tournament. This follows Iran's shock announcement of its refusal to participate in the 2026 World Cup, escalating the geopolitical dispute into the realm of global athletics.
The Nigerian Economic Summit Group (NESG) projects that Nigeria could earn as much as N30 trillion in additional oil revenue from the Middle East crisis, potentially boosting external reserves to $57 billion. This comes as the Central Bank Governor previously stated Nigeria's economy is positioned to withstand shocks from the US-Iran war.
Dubai Abu Dhabi news live: The situation in UAE and other Gulf countries continues to simmer for nearly two weeks now amid the US-Iran war. Multiple drones and missiles were intercepted in UAE on Thursday with a drone also falling in Dubai's Al Badaa area.
The Strait of Hormuz, a critical energy route, is effectively blocked due to the escalating US-Israeli war on Iran, halting tankers traffic and forcing oil producers to cut the oil output.
European Commission President Ursula von der Leyen is facing criticism from member states and her own colleagues for 'overstepping her bounds' and making 'awkward statements' about the world order, adding to existing divisions within the EU following her remarks on the Iran war.
The ongoing conflict in Iran, marked by US-Israeli attacks and rising Middle East tensions, has led to a sharp increase in oil prices, significantly boosting Russia's budget and benefiting President Putin, though analysts caution this may not fully reverse Russia’s economic woes.
MANILA, Philippines — The Philippine National Police – Highway Patrol Group (PNP -HPG) ordered its patrol officers to save on fuel amid looming price hikes triggered by escalating tensions in the…
Donald Trump's sons are backing a new business venture to produce autonomous drones, including defense systems, adding to conflict-of-interest questions as the US president directs military operations in Iran.
The Turkish central bank is widely expected to keep its interest rates steady at the upcoming policy meeting on Thursday in response to the tense geopolitical situation and global...
Hundreds of Nigerian Umrah pilgrims are stranded, losing billions after the US-Iran war forced airlines to cancel flights to the Middle East.
Read More: https://punchng.com/us-iran-war-nigerians-lose-billions-in-dashed-umrah-dreams/
Fears of a US-Iran war trigger a UK fuel crisis with long queues and price hikes, while Nigeria remains stable thanks to its Dangote refinery.
Read More: https://punchng.com/us-iran-war-britain-battles-fuel-crisis-as-nigeria-banks-on-dangote/
A report indicates that the CIA is working to arm Iranian Kurdish opposition forces, aiming to spark an uprising against the Iranian regime, with a ground operation in Western Iran expected soon.
Oil prices today LIVE: The Indian share market also took a hit on Wednesday, with the Sensex crashing over 1,700 points in early trade, and the Nifty tanking 530 points.
From Venezuela to Iran, a wave of military interventions by the United States threatens to disrupt China’s oil supplies – and could accelerate Beijing’s transition away from fossil fuels, according…
Lindsay Lohan and her family are in Dubai amid strong tensions that have engulfed the Middle East following the escalation of the conflict between the United States and Iran.
President Ferdinand Marcos Jr. is considering asking Congress for emergency powers that would allow him to reduce excise taxes on fuel products as should the United States and Israel’s war against Iran prolong and worsen.
The Economic Community of West African States (ECOWAS) has expressed "deep concern" over the rapidly escalating military hostilities in the Gulf region, warning that the conflict could trigger a…
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