
Middle East Conflict Fuels Global Economic Stagflation, Energy Crisis, and Rising Costs
The Middle East conflict continues to impact the global economy, leading to potential stagflation, rising mortgage rates in the US, and lower Wall Street trading. South Korea has implemented a 12-step plan to reduce energy consumption due to surging oil prices, while Europe faces a potential gas price explosion if LNG imports from Qatar remain halted, and global fuel prices are causing concern in places like Manila.
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Israel says it has killed Iran's navy chief overseeing Strait of Hormuz blockade
Israel's defence minister said a number of other "senior Navy command officials" have also been killed. Iran has not yet commented.
Read full article →Mortgage Rates Jump Again as Iran War Effects Ripple Through Housing Market
The average rate on a 30-year mortgage in the United States hit 6.38 percent, the fourth increase since the war began.
By Gregory Schmidt
Read full article →England’s housing at most affordable since 2015, official data shows
Bank of England deputy governor warns Iran war will take a toll, with quoted mortgage rates already rising
Read full article →Tehran’s’tollbooth’: How Iran picks who to let through Strait of Hormuz
Iran has blocked the passage of vessels carrying 20 percent of the world’s oil and liquefied natural gas supplies.
Read full article →NATO secretary general dismisses claims about US redirecting weapons intended for Ukraine to Middle East
US weapons supplied to Ukraine under NATO's Prioritised Ukraine Requirements List (PURL) programme, including air defence systems and interceptor missiles, will continue to be delivered despite the needs of the war in the Middle East.
By Tetyana Vysotska,Alona Mazurenko
Read full article →Germany news: Bundestag approves fuel station price brake amid Iran war and rising oil costs
German petrol stations will be limited to increasing prices once per day if the new law clears the upper house. After slashing jobs at home, BASF has opened a sprawling new factory in China. Follow DW for the latest.
Read full article →Iraq caught between US and Iran, facing attacks from both warring sides & Iran-aligned actors within
Oliver Farry is pleased to welcome Hayder Al-Shakeri, Research Fellow with the MENA programme at Chatham House. Al-Shakeri describes Iraq as a state navigating a precarious balance between two powerful allies whose conflict is increasingly unfolding on its own territory. This position is not merely diplomatic but deeply structural, rooted in economic dependence, security arrangements, and geographic realities that bind Iraq simultaneously to both Washington and Tehran. The lack of strong inst...
By FRANCE24
Read full article →Investors are dangerously complacent about potential blowback from Iran conflict, former hedge-fund exec says
Markets are not fully reflecting the shock to oil prices resulting from the Iran conflict, Unlimited Funds’ Bob Elliott warns.
By Barbara Kollmeyer
Read full article →Majority of Americans say military action has gone too far in Iran – as US deploys 1000 troops to Middle East
The US is sending more than 1,000 troops from the 82nd Airborne Division to the Middle East as part of the ongoing conflict with Iran, the Pentagon has confirmed.
By Caspar Barnes
Read full article →3 things policymakers can do to fight an oil-driven inflation spike, according to the OECD
The Iran war has driven up gas prices in the US. Frederic J. BROWN / AFP via Getty Images The OECD lifted its 2026 inflation projections on energy price spikes due to the Iran war. Oil prices have soared since the conflict began, with Brent above $100 a barrel. The OECD outlined three things policymakers can do to keep a lid on inflation. There are three things that policymakers can do to combat rising inflation driven by oil price surges, according to the Organization for Economic Coope...
Read full article →Trump Wanted A 'Golden Age,' The Iran War Is Delivering A Stagflation Trap
Read full article →From Hormuz to Himalayas: How Iran war is driving China’s missile rethink against US and India
By TOI WORLD DESK
Read full article →G7 leaders' June summit to include India, South Korea, but not China, Elysee says
China will not attend the summit on June 15-17 and continues to question the legitimacy of the G7 as a "club of rich countries", French officials said.
Read full article →Singapore stocks falter on March 26, STI falls 0.3% - The Straits Times
Singapore stocks falter on March 26, STI falls 0.3% The Straits Times
Read full article →Gold Rate Today, March 26: Check 18, 22 and 24 carat gold prices in Chennai, Mumbai, Delhi, Kolkata and other cities
Read full article →Gulf countries seeking seat at negotiation table following Iranian attacks
“The Gulf Cooperation Council (GCC) stressed on Thursday the importance of Gulf states participating in any talks between Iran and the United States to end the war in the Middle East,” UAE news said.
Read full article →Fuel prices jump by ‘largest amount in three years’
Consumer fuel prices jumped by the largest amount seen in the last three years during business hours on Thursday, consumers’ association chairman Marios Drousiotis said, with the impact of the conflict in the Middle East now being felt at the pump. He told the Cyprus Mail that average prices at the pump had increased by […]
Read full article →US' Middle East Gamble May Leave Gaps In Air Defences Against Russia, China
As the Pentagon weighs shifting Patriot and THAAD air-defence systems from Ukraine and East Asia to the Iran front, allies fear gaps are opening in their skies - from Europe facing Russia to South Korea watching China.
Read full article →Tokyo stocks slip on profit-taking over Middle East uncertainty - 毎日新聞
Tokyo stocks slip on profit-taking over Middle East uncertainty 毎日新聞
Read full article →Budget airlines cut flights on high fuel costs amid Middle East tensions
South Korea's low-cost carriers are cutting international flights to mitigate the impact of surging fuel costs amid prolonged tensions in the Middle East, industry sources said Thursday. Air Premia Co. plans to suspend 10 flights on its Incheon-San Francisco and Incheon-New York routes in May, following an earlier decision to cancel 26 flights on the Incheon-Los Angeles route and six on the Incheon-Honolulu route between April 20 and May 31, the sources said. Eastar Jet Co. plans to suspend 50 f
By The Korea Herald
Read full article →Budget airlines cut flights on high fuel costs amid Middle East tensions - Yonhap News Agency
Budget airlines cut flights on high fuel costs amid Middle East tensions Yonhap News Agency
Read full article →Wall Street trades lower as attention remains focused on the Middle East conflict
Read full article →Cyprus hotel bookings down 40% as Iran war drives wave of tourist cancellations
Cyprus’s tourism industry has been hit by a near 40% drop in hotel bookings for March and a similar fall in April since the US-led war against Iran began, with short-term rental cancellations spiking to 100% in the days immediately after a drone struck the British base at Akrotiri, according to a Reuters report. The […]
By newsroom
Read full article →How a protracted Iran war will affect you
The crisis could deliver the most severe economic shock Kenya has faced since the pandemic.
Read full article →India warns against panic as Hormuz tensions fuel shortages
India’s government sought to calm fears on Thursday, saying fuel supplies remain sufficient despite shortages triggered by panic buying, as tensions escalate after Iran moved to re...
Read full article →Trump insists Iran operations ‘extremely’ ahead of schedule
"We estimated it would take approximately four to six weeks to achieve our mission. Twenty-six days in we're extremely, really, a lot ahead of schedule," added Trump. The post Trump insists Iran operations ‘extremely’ ahead of schedule appeared first on Vanguard News.
By Ayobami
Read full article →Iran war causing higher mortgage interest; First-time buyers hit hardest: ING
The Iran war has pushed up mortgage rates in the Netherlands, with the effects being felt most strongly by first-time buyers and people looking to purchase homes in large cities or newly built deve
By 87615
Read full article →Hezbollah boycotts cabinet session over Iran ambassador expulsion - Naharnet
Hezbollah boycotts cabinet session over Iran ambassador expulsion Naharnet
Read full article →US might redirect Ukraine military aid to Middle East as it reviews more Iran war options - AzerNews
US might redirect Ukraine military aid to Middle East as it reviews more Iran war options AzerNews
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