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MIDDLE EAST CRISIS EFFECTS
World economic growth to slow to 2.6% in 2026, UN trade body saysGlobal economic growth is projected to slow to 2.6% in 2026 amid energy shocks from the Middle East crisis. Trade in goods and services is ...- USS Lincoln returns home to San Diego Bay after its long deployment in Middle EastAfter an unprecedented deployment of over 10 months, the USS Lincoln returned to San Diego Bay recently. Families eagerly awaited the arriv...
- WTO ups goods trade forecast on AI boom amid Middle East disruptionsWorld merchandise trade volume growth was stronger than expected and is now projected to reach 3.9% in 2026, up from 1.9% in the WTO's base...
- Putin offers help to Iran to end Middle East war ahead of CIS summitRussia's President Vladimir Putin met with Iran's Masoud Pezeshkian to discuss ending the Middle East conflict. During their talks in Turkm...
- Attack risks rise for tankers as Iran vows to block more Hormuz routesTankers face growing risks of attacks and intimidation while navigating the Strait of Hormuz after Iran warned regional countries against o...
- Flying gets costlier from October 9: Air India, Air India Express join Akasa Air in fuel surcharge hike; here's what you'll payIn a bid to manage escalating operating expenses amidst unpredictable global fuel costs, Air India and Air India Express will update their ...
- India shuns costly Russian oil as Middle East flows recoverIndian refiners have decreased their purchases of Russian crude oil for November delivery as prices rise. Competition from China is further...
- Oil rises as Middle East supply concerns persist amid shipping attacksRising oil prices are driven by persistent supply concerns from the Middle East. This month has seen a surge in attacks on shipping in the ...
- IMF reaches staff deal with Pakistan, potentially unlocking $1.2 billionThe International Monetary Fund has achieved a staff-level agreement with Pakistan for its lending programs. This agreement could potential...
- Putin backs mediation efforts on Middle East war, tells Iran Moscow ready to help as US-Iran talks hit impasseRussian President Vladimir Putin told his Iranian counterpart Masoud Pezeshkian in a phone call that Moscow was ready to help efforts to me...
- Stable institutions, steady pursuit of reforms will steer India to 2047 goal: Jean-Claude TrichetIndia's journey to becoming a developed nation by 2047 hinges on institutional stability and sustained economic reforms. Former European Ce...
- EIA raises oil price forecasts as Iran war tightens global marketsThe EIA raised its oil price forecasts, citing tight global inventories, limited diesel supplies and ongoing Middle East supply risks. Bren...
- The day the fault lines cracked: October 7’s aftershocks travelled from Israel and Gaza to Iran, Red Sea and $100 oilIt started at the Gaza border. Then came Hezbollah, Houthi attacks, rerouted ships, an Israel-Iran war, American strikes and an oil shock. ...
- Govt may consider ATF price stabilisation fund for airlines amid soaring fuel costsAmid increasing jet fuel prices, the Indian government is exploring options to stabilize aviation turbine fuel costs. The discussions invol...
- Govt eyes Made-in-India civil aircraft in 2 years; discusses high jet fuel prices with airlines, OMCs: NaiduIndia could have its first indigenous civilian aircraft within two years through a joint venture, Civil Aviation Minister K Rammohan Naidu ...
- Haldia to revamp feedstock mix after Mideast war hit supplies, executive saysIn response to disruptions from the Middle East conflict, Haldia Petrochemicals Ltd is set to broaden its feedstock sourcing strategies. Cu...
- India may be best placed to fill a China-sized hole in fuel exportsIndia could emerge as a key swing supplier of refined fuels as China suspends October exports, helped by recovering Middle Eastern crude im...
- Oil slips as Middle East crude exports rise, G7 to release stocksOil prices have seen a decline as increased crude exports from the Middle East and stock releases from G7 nations boost supply levels. Bren...
- Fed's Cook sees AI inflationary push as a top 2027 riskCook joined a unanimous vote last month at the Fed to raise the policy rate by a quarter of a point to support a "timelier" return of infla...
- Why are oil prices up today?Oil prices are up today as US President Donald Trump rejected an Iran peace proposal to resolve the Middle East conflict and reopen the Str...
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