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ECONOMIC EFFECTS OF SHUTDOWN
Oil Price Today (June 11): Crude oil rises over 2% as US strikes Iranian targets again. $100/bbl in sight?Oil prices surged over $2 a barrel after Iran announced the closure of the Strait of Hormuz, a critical shipping route, following U.S. stri...- Over 60% of pharma MSMEs yet to comply with updated manufacturing normsPharma industry officials say the revised Schedule M regulations could require Rs 10-15 crore per facility in upgrades, while talent shorta...
- Shangri-La Dialogue opens with China and doubts about US priorities topping concernsAsia's top defense summit convenes amid rising concerns over China's military might and assertiveness. Leaders will discuss America's Indo-...
- Iranians are back online after months-long shutdown but still face heavy restrictionsInternet access is returning to Iran after months long shutdown although the service is slow and some apps remain blocked. The outage follo...
- Hostage crisis continues to keep Manipur on edgeTensions remain high in Naga and Kuki areas after armed miscreants ambushed civilian vehicles, resulting in three deaths and four injuries....
- Nagas urge CM to deploy more forcesTangkhul Naga villagers sought security from Manipur's Chief Minister following attacks. They requested police forces and essential supplie...
- Iran stock market to reopen today after 80-day closure amid US-Israel-Iran warIran's stock market reopens May 19 after an 80-day closure due to US-Israel conflict. While not a primary economic driver, its resumption o...
- Manipur National Highway closed over 'missing persons'Truckers face hardship on NH-2 in Manipur as Kukis and Nagas impose a bandh and economic blockade. The protest stems from missing persons f...
- Jute industry seeks new Bengal govt's intervention to tide over raw material crisisWest Bengal’s jute industry is staring at a major crisis as raw jute shortages and soaring prices disrupt operations across mills in the Ho...
- Soaring inflation and plummeting economy test Iran's ability to withstand war and US blockadeIran faces severe economic hardship due to war and US sanctions. Prices for essentials like food and medicine have surged. Job losses and b...
- Inflation in U.S. jumps to 3-year high, shows CPI report. How will latest data impact U.S Fed Interest Rate Cut decision?Inflation in U.S.: U.S. consumer prices rose at a brisk clip for a second straight month in April, resulting in the largest annual increase...
- US-Iran war: Washington fires on Iranian oil tanker as Trump pressures Tehran for deal to end warIran war news: America fired on an Iranian oil tanker in the Gulf of Oman. President Trump is pressuring Tehran for a deal to end the war. ...
- Tata Electronics' $30 billion fab bet; Ather's Q4 revenue surgeTata Electronics CEO Randhir Thakur lays out the group’s big swing in fabs, advanced packaging and more in an interaction with ET. This and...
- Iran juggles oil cuts and storage strain to resist US blockadeTightened US naval restrictions in the Strait of Hormuz have sharply reduced Iran’s oil exports, forcing the country to cut production as s...
- Spirit Airlines shutting down: why did Spirit Airlines fail and how to get your refunds right nowSpirit shutting down: Spirit Airlines is shutting down today. Spirit grounded all flights now. Two billion dollars in debt killed the carri...
- One of Iran's most powerful families founded its largest crypto exchange. It's used by the IRGC to move millionsIran's largest cryptocurrency exchange, Nobitex, is controlled by the sons of the influential Kharrazi family, who concealed their ties for...
- California oil and jet fuel supply crisis: why are prices hitting $15 jet fuel and $5.85 gas as capacity and supply plunge—how soon can recovery happen?California oil and jet fuel supply crisis is intensifying fast. Jet fuel prices have surged near $15 per gallon. Gasoline has climbed to $5...
- Trump's Naval blockade of Hormuz is an economic warfare, harms global economyAmerica threatens a naval blockade in the Strait of Hormuz. This marks a move from diplomacy to economic warfare. The US aims to cut Iran's...
- US GDP growth crashes to 0.5% in Q4 2025— why the US economy slowed sharply despite 4.4% surge? Did 43-day shutdown or Iran war trigger recession fears?US GDP growth crashes to 0.5% in Q4 2025. The latest data from the U.S. Bureau of Economic Analysis confirms a sharp fall in US GDP growth....
- US government shutdown will inflict temporary pain to economyThe ongoing US government shutdown is casting a shadow over economic progress. Federal employees are struggling with unpaid wages, threaten...
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