
Global Economy Grapples with Iran War's Energy Shock; Asia Responds to Fuel Crisis
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.
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Bahrain's UN proposal calling for 'all necessary means' to open Strait of Hormuz faces opposition - AP News
Bahrain's UN proposal calling for 'all necessary means' to open Strait of Hormuz faces opposition AP News
Read full article →UK inflation rate remained at 3% in February
The speed of price rises in the UK has stayed the same, according to data which was collected before the US-Israel war with Iran began.
Read full article →Here’s the latest.
By Francesca Regalado, Eric Schmitt, Elian Peltier and Adam Rasgon
Read full article →Empires Have Battled Over the Strait of Hormuz for Centuries - WSJ
Empires Have Battled Over the Strait of Hormuz for Centuries WSJ
Read full article →UK inflation held steady at 3% in February
Figure comes as Middle East war has triggered a surge in energy prices
Read full article →Stocks rise and oil dips on hopes of 15-point Iran peace plan
Markets in Asia and Europe move higher, while crude hovers at about $100 a barrel amid cautious optimism Business live – latest updates The price of oil has dipped and Asian stock markets moved higher after reports that Donald Trump has sent a 15-point framework for peace to Iran, amid hopes of a ceasefire in the Middle East. Oil prices had fallen by 4% in the early hours of Wednesday, with brent crude futures sinking below $100 a barrel and even moving as low as $97.57 as trading was influ...
By Joanna Partridge
Read full article →U.S. drafts plan to end war with Iran as 2,000 paratroopers are ordered to deploy in the Middle East
Nearly a month into the war with Iran, the Trump administration is keeping its options open: it has drafted a 15-point plan to end the war with Iran and ordering thousands of paratroopers to deploy in the Middle East.
By NPR Staff
Read full article →From Pakistan to Egypt, Iran war drives up fuel prices in the Global South
Developing economies in Asia, Africa, and the Middle East are bearing the brunt of surging energy costs.
Read full article →Oil price rises as Middle East attacks continue - The Times
Oil price rises as Middle East attacks continue The Times
Read full article →Approximately 1,000 US soldiers preparing to deploy to the Middle East to be available for Iran operations - CNN
Approximately 1,000 US soldiers preparing to deploy to the Middle East to be available for Iran operations CNN
Read full article →South Korea braces for 'worst-case scenarios' as Iran oil shock deepens
South Korean Prime Minister Kim Min-seok warned the government must prepare for "worst-case scenarios" stemming from the Middle East conflict.
Read full article →China-owned vessel secures rare Strait of Hormuz transit as Iran war grinds on
The second Chinese-owned liquefied petroleum gas (LPG) carrier has transited the Strait of Hormuz since the outbreak of the US-Israeli war with Iran, according to industry sources and vessel-tracking data, amid conflicting claims over access to the vital trade corridor. Tehran has largely blocked the strategic waterway in retaliation for Washington and Tel Aviv’s strikes, causing widespread disruption to global shipping – though Iranian officials have recently promised safe passage for vessel...
By Mia Nurmamat,Carol Yang
Read full article →US proposes 15-point plan as Iran opens Hormuz to 'non-hostile' oil vessels
Donald Trump said Tuesday he had sent a peace plan to Iran, expressing cautious optimism about ending nearly a month of war even as fresh violence underscored the fragility of the moment. In a potential sign of de-escalation, Tehran announced it would allow “non-hostile” vessels to pass through the strategically vital Strait of Hormuz, a key artery for global oil supplies.
By FRANCE 24
Read full article →Oil prices fall on reports of a U.S. ceasefire proposal with Iran
Brent crude traded 5% lower on reports of U.S. ceasefire proposal.
By Nora Redmond
Read full article →Oil prices fall back and global stocks rally amid hopes of Iran war ceasefire
Brent crude fell back below 100 US dollars a barrel, down 6% at 98.23 dollars in morning trading on Wednesday, while UK natural gas prices tumbled 8%.
By Holly Williams
Read full article →US offers plan for a ceasefire but Iran's military says Washington is in no position to negotiate
Read full article →Why US supercarrier had to leave Middle East amid Iran war: Many problems of USS Gerald Ford
The US Navy's most expensive aircraft carrier, USS Gerald R Ford, is facing renewed scrutiny after a fire forced its departure from a Middle East deployment. This incident highlights ongoing concerns about the $13.2 billion warship's operational readiness, with Pentagon testing revealing insufficient data on its combat effectiveness and reliability of key systems.
By TOI WORLD DESK
Read full article →Taiwan wary that China could exploit US distraction over Middle East war - The Straits Times
Taiwan wary that China could exploit US distraction over Middle East war The Straits Times
Read full article →The Oil Supply Crunch Is Spreading From the Gulf to the Rest of the World
Unless peace talks pan out fast, traders say high prices for specific Mideast crude cargoes will soon cascade to the U.S. and elsewhere.
Read full article →Asia looks to COVID-era playbook to tackle fuel crisis from Iran war
Asia is at the frontline of the fuel crisis, buying more than 80% of the crude that transits the Strait of Hormuz, which has been almost totally blocked by Iran since the war broke out in February.
Read full article →Samsung chief sends support packages to Middle East staff amid tensions
Samsung Electronics Chairman Lee Jae-yong has sent gift packages worth about 5 million won ($3,500) to around 500 employees stationed in the Middle East, as regional tensions following the Iran conflict continue to weigh on expatriate staff, the company said Wednesday. The recipients include employees from Samsung affiliates working in the United Arab Emirates, Qatar and Saudi Arabia. Lee also delivered a video message of encouragement to workers remaining in the region. “I extend my deepest con
By The Korea Herald
Read full article →Iran Stops Pak-Bound Ship From Crossing Hormuz Over Lack Of Permission
"The container ship SELEN was turned back by the IRGC Navy due to failure to comply with legal protocols and lack of permission to pass through the Strait of Hormuz," IRGC Navy commander Alireza Tangsiri said in a post on X.
Read full article →War in the Persian Gulf means volatility in the global energy market
Japanese companies have long assumed a stable future energy supply. That assumption is no longer secure.
Read full article →What do we know about Trump's 15-point plan for Iran?
As Israel threatens to take control of southern Lebanon, the Trump administration sends Iran a 15-point plan for ending hostilities.
Read full article →Thai tanker safely transits Strait of Hormuz after talks with Iran
Read full article →Samsung sends gifts, message of support to employees in Middle East - Yonhap News Agency
Samsung sends gifts, message of support to employees in Middle East Yonhap News Agency
Read full article →Ryanair reportedly halts fuel hedging in high-stakes bet on Middle East peace
Read full article →Israel pushes back against US 15-point plan for Iran
The administration of US President Donald Trump has sent Tehran a package of terms aimed at ending the conflict, according to Israel’s Channel 12. The report said the plan includes 15 points — 14 of which were presented — combining demands on Iran with possible incentives, including the lifting of sanctions. The US government has […]
By newsroom
Read full article →Iran mocks 15-point ceasefire plan drawn up by Trump’s White House
A source told Associated Press that the plan was submitted to Iranian officials yesterday
Read full article →Iran’s military rejects Trump’s talk of negotiation
Iran military's message to US President Donald Trump: 'Has the level of your inner struggle reached the stage of you negotiating with yourself?'
By Reuters
Read full article →OIL PRICE WATCH as of March 25, 2026
Fuel prices continue to soar this week amid the war in the Middle East. The expected price increase on Tuesday was an additional P6.47 for gasoline, and P11.88 for diesel— mild when compared to the massive price surge in the week of March 17 to 23, wherein an additional P16.60 was added to every liter
By ggaviola
Read full article →‘No fee charged’ for transit of Thai tanker through Hormuz
A Thai oil tanker that passed safely through the Strait of Hormuz was not required to pay any fees to Iran, according to a source in the Ministry of Foreign Affairs.
Read full article →Greece confirms Hormuz stance - eKathimerini.com
Greece confirms Hormuz stance eKathimerini.com
Read full article →Boots on the ground: Is US readying airborne troops for Iran war? - Khaleej Times
Boots on the ground: Is US readying airborne troops for Iran war? Khaleej Times
Read full article →Stocks rise, oil retreats on Mideast ceasefire reports
Brent crude sheds 5% to near $99 a barrel as reports of US peace proposal lift cautious hopes across global markets
By Reuters
Read full article →US proposes 15-point plan as Iran opens Hormuz to 'non-hostile' oil vessels - The Daily Star
US proposes 15-point plan as Iran opens Hormuz to 'non-hostile' oil vessels The Daily Star
Read full article →New Details: US Pilot Suffered Shrapnel Wounds After 'Unkillable' F-35 Was Struck By Iran
New Details: US Pilot Suffered Shrapnel Wounds After 'Unkillable' F-35 Was Struck By Iran Very little is known about last week's incident which forced an 'unkillable' F-35 fighter jet to make an emergency landing at an airbase in the Middle East last week, amid reports it took on Iranian fire. Iranian state media said it was shot and successfully downed. Al Jazeera observed that "If true, this would be the first time during the war that an F-35, the cornerstone of Washington’s a...
By Tyler Durden
Read full article →Iran war grounds 40,000 flights, sends fares up more than 70% - Nation Thailand
Iran war grounds 40,000 flights, sends fares up more than 70% Nation Thailand
Read full article →Middle East war ‘far worse’ than Iraq in 2003, says Spanish PM
Spanish Prime Minister Pedro Sanchez warns the current Middle East war presents a far worse scenario than Iraq in 2003 and refuses US use of military bases Read More: https://punchng.com/middle-east-war-far-worse-than-iraq-in-2003-says-spanish-pm/
By Punch Newspapers
Read full article →Iran hits targets across Middle East after Trump signals talks progress
Iran targeted countries across the Middle East with a fresh volley of missiles Wednesday, hours after US President Donald Trump signalled tentative progress in diplomatic efforts to end the war. The post Iran hits targets across Middle East after Trump signals talks progress appeared first on Vanguard News.
By Ayobami
Read full article →Oil price falls as Trump talks up Iran peace negotiations - Graphic Online
Oil price falls as Trump talks up Iran peace negotiations Graphic Online
Read full article →Malaysian islamic groups denounce double standards on Hormuz, demand end to Gaza blockade - Tehran Times
Malaysian islamic groups denounce double standards on Hormuz, demand end to Gaza blockade Tehran Times
Read full article →Kenya Airways says Iran war has led to demand hike for its flights
Kenya Airways said on Monday demand for seats on its flights had jumped due to the effects of war in the Middle East, with most of the gains coming from Europe, the U.S. and Asia.
By Abubakar Ibrahim
Read full article →Former Qatari PM: GCC cannot be absent from Strait of Hormuz negotiations
Sheikh Hamad, in his latest post on X, warned that “any attempt to impose unilateral control over it, or to turn it into a tool of extortion, represents a direct… (The post Former Qatari PM: GCC cannot be absent from Strait of Hormuz negotiations is from Doha News | Qatar.)
By Asmahan Qarjouli
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