Small comforts fade and big worries grow as fuel prices surge globally - AP News

Small comforts fade and big worries grow as fuel prices surge globally  AP News

How high could global inflation go?

With luck, the Iran war won’t cause a recession. But the surge in energy prices will push up the cost of living

‘We consider every mile we drive’: how fuel shortages are affecting readers worldwide

From a shop owner in India to a community worker in New South Wales, rising fuel prices are forcing people to ration oil usage Middle East crisis – live updates Alagesan, 35, needs liquefied petroleum gas (LPG) to run his roadside drink and snack shop in Coimbatore, India, but with the fuel shortage since the US-Israel attacks on Iran, he worries his business could fold. “I am far away from the Middle East, but my life is affected,” he said. “The gas cylinder is not available because of the...

By Jane Clinton

Asia wants more U.S. oil and gas to reduce Middle East dependence after Iran war, Burgum says

Japan, South Korea and Taiwan rely heavily on exports through the Strait of Hormuz.

How war in the Middle East is upending the global economy

Stuck ships, wrong ports, and higher costs: war in the Middle East is causing headaches for worldwide supply chains. New York Times reporter Peter S. Goodman explores the mounting impacts on supply chains that remain highly integrated.

Why Middle East volatility presents an enhanced risk for South Asia

When the late Japanese prime minister Shinzo Abe gave his landmark speech in the Indian parliament in August 2007 referring to the “confluence of the two seas”, he gave birth to the concept of the Indo-Pacific as a strategic space connecting East and South Asia. But the latest conflict in the Middle East illustrates how South Asia’s interconnectedness increasingly lies to its west. Some of these connections are deeply rooted in history: South Asia is home to the world’s largest Muslim populat...

By Chietigj Bajpaee

Oil prices today: Crude nears $104 as Middle East tensions persist

Global oil prices rebounded Tuesday amid escalating Middle East tensions and diplomatic uncertainty. Brent crude neared $104 a barrel as the Strait of Hormuz disruptions continue to tighten supply, with Gulf producers cutting output. Analysts warn of prolonged tightness and potential demand destruction if the situation persists, keeping markets volatile.

By TOI BUSINESS DESK

From Indian films to Italian wine, Trump’s Iran war is rippling through the world economy - The Straits Times

From Indian films to Italian wine, Trump’s Iran war is rippling through the world economy  The Straits Times

What cargo ships are passing Hormuz strait?

LONDON (AFP) -- Just a trickle of cargo ships and tankers -- most of them Iranian -- have made it through the Strait of Hormuz since Iranian forces effectively blocked the crucial trade route in the Middle East war. Here are facts and figures about vessels that have passed through the 167-kilometer-long strait since the war broke out with US-Israeli strikes on Iran on Feb. 28. From March 1 to 4 p.m. GMT on March 23, commodities carriers made just 144 crossings, according to analytics firm Kpler

By The Korea Herald

From Indian movies to Italian wine, Trump’s war on Iran to cause pain worldwide

Effects of the conflict are reaching industries that might've seemed insulated from the fallout, and that's unlikely to be reversed quickly.

Oil rises as markets assess supply risks after Iran denies US talks

It will take time to recover from Middle East production hit, Chevron CEO says

Crypto prices jump on hopes of resolution in Iran conflict - Khaleej Times

Crypto prices jump on hopes of resolution in Iran conflict  Khaleej Times

From Gulf conflict to kitchen costs

Concerns about shipping routes, particularly around the Strait of Hormuz, have heightened supply interruption fears

By Mohsin Saleem Ullah

Dollar rises as escalating Middle East war spurs haven demand - The Daily Star

Dollar rises as escalating Middle East war spurs haven demand  The Daily Star

Global economy under 'major threat' from Strait of Hormuz crisis- IEA chief - Jordan Times

Global economy under 'major threat' from Strait of Hormuz crisis- IEA chief  Jordan Times