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MIDDLE EAST WAR IMPACT ON CLOTHING PRICES
War in the Middle East is making clothes more expensiveThe ongoing conflict in Iran is causing significant disruptions in global apparel supply chains.- Oil markets survived the Iran war sprint. Now comes the marathonThe Iran war is increasingly looking like a prolonged threat to global energy markets, rather than a short-term supply shock. Crude has ris...
- Trump says US could stay in Iran and keep oil, like Venezuela dealPresident Trump suggested the United States might remain in Iran to secure its oil. He drew a parallel to the US involvement in Venezuela's...
- New attacks in Hormuz and Saudi test nerves as war's spread worsens oil disruptionUS Iran war news: Maritime trackers reported an attack on a ship in the Strait of Hormuz. Saudi Arabia shut down its vital East-West oil pi...
- Saudi pipeline outage threatens loss of 4% of global oil supplySaudi Arabia's oil exports face a significant threat from pipeline damage. The kingdom has only a few days of oil stocks remaining for expo...
- Xi Jinping urges BRICS to stand on ‘right side of history’, calls for peace in Middle EastChinese President Xi Jinping urged BRICS nations to champion peace and stability globally. He specifically highlighted the ongoing Middle E...
- IEA slashes oil demand forecast as prices surgeThe International Energy Agency on Friday further reduced its forecast for global oil demand this year, citing the recent escalation in the...
- Europe saw record summer air traffic despite Mideast war: EurocontrolEurope experienced its busiest summer holiday air traffic ever this year. A daily average of 35,959 flights operated across the continent. ...
- Iran-backed Houthis seize Yemen’s entire Red Sea coast, three strategic islandsThe Iran-backed Houthis seized control of Yemen's entire Red Sea coast and captured three strategic islands on Friday, in a lightning offen...
- US inflation picked up as gas prices marched higher due to conflict in the Middle EastUS inflation held at 3.4% in August from a year earlier, while monthly consumer prices accelerated 0.4% as renewed Middle East fighting pus...
- IMF says India remains growth engine for world, monitoring impact of higher oil pricesIndia's economy stands out as a powerhouse of global growth, as noted by the IMF. The second quarter showcased an impressive 7.8% growth, s...
- IMF say global growth on track to reach 3% in 2026, but risks remain highThe global economy has weathered the energy shock better than feared. Economic output is still expected to expand by about three percent in...
- US wholesale prices rise in latest sign of stubborn inflation as oil prices continue to climbWholesale inflation increased in August after cooling earlier this summer. Higher oil and gas prices, driven by Middle East conflict, are k...
- Nestle CEO says Middle East conflict driving inflation, higher supplier costsNestle is increasing prices and reducing product offerings to manage rising costs. Higher energy and raw material expenses are impacting su...
- Gold subdued on inflation worries, rate hike expectationsGold prices fell on Wednesday as conflicts in the Middle East intensified. The surge in crude oil prices typically fuels inflationary press...
- Global Market: Goldman lifts brent, WTI forecasts as Hormuz shipping risks mountGoldman Sachs has raised its Brent and WTI crude price forecasts by $5 a barrel for December 2026 and 2027, citing prolonged Middle East sh...
- Oil rises as risks of prolonged Mideast conflict heighten supply worriesOil prices surged on Tuesday as tensions in the Middle East escalated. Iran's warnings of potential retaliation fueled concerns over supply...
- OPEC+ set to keep oil output policy unchanged on Sunday, sources sayOPEC+ is expected to keep its oil output policy unchanged for October. The group needs to agree new quotas before deciding future output st...
- US diesel prices hit a record high, pushing up transportation costs for a long list of goodsDiesel prices soared to unprecedented levels in the United States on Friday, primarily due to the six-month conflict involving Iran. This r...
- US diesel prices hit a record high of $5.85 as Iran war disrupts the flow of fuelUS Iran war: Diesel fuel has reached an unprecedented average price of $5.85 per gallon. This surge is directly linked to the ongoing six-m...
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