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ENERGY CRISIS RECESSION
India can’t escape global oil shock; fuel prices hurting economy, says former BPCL execIndia's economy is significantly impacted by the global oil shock, with crude prices surging by nearly 60%. Former BPCL Marketing Director ...
What if the Strait of Hormuz didn’t reopen?The Strait of Hormuz, a vital oil route, faces potential prolonged closure. This situation mirrors past disruptions, raising concerns about...
Crude oil prices could hit $200 per barrel if Strait of Hormuz remains closed: ReportA prolonged closure of the Strait of Hormuz could push crude oil prices to as high as $200 per barrel and trigger a global recession, accor...
War weighs on global growth with price worries intensifyingGlobal economic momentum is slowing. Businesses face rising inflation pressures due to an energy crunch. Manufacturing and services sectors...
Petrol-diesel price hike coming soon? Why IMF says it mustSpeculation mounts over potential petrol and diesel price hikes as assembly elections conclude, despite government assurances. The IMF urge...
One of the world's top economists just dropped a chilling 8-week recession ultimatum — here's what must happen nowGlobal recession warning: The global economy faces an urgent 4-to-8-week deadline to avert a recession, with a key oil route's reopening be...
Why oil and gas prices are rising today, April 29: Brent crude surges past $114 — here’s what rising oil prices mean for gas prices, inflation, and the Fed rate decision todayWhy US oil and gas prices are rising today, April 29: Brent crude has crossed $114 per barrel, while WTI trades above $103. At the center o...
Strait of Hormuz crisis to lead Gulf region into recession? Global diplomacy and rising tensions shape Gulf outlookStrait of Hormuz crisis to lead Gulf region into recession? The Gulf region faces rising tensions after attacks, shipping restrictions, and...
US-Iran War Day 54: Trump hits pause for now as Pakistan continues brokering 'peace', but Hormuz's future remains in limboIran War Day 54 News: As the US-Iran war 2026 entered day 54, US President Trump announced an indefinite extension of the ceasefire to allo...
600 million barrels gone, gas +47%, jet fuel +100%: is the global energy crisis 2026 from US– Iran war about to trigger inflation shock and global recession?The global energy crisis 2026 is intensifying fast. Over 600 million barrels of oil supply are now lost, triggering a historic oil shock. T...
IMF, World Bank meetings show limits in mitigating shocks, reliance on US for solutionsGlobal finance leaders met amid Middle East war news. They acknowledged their limited ability to counter economic damage from frequent geop...
India resilient amid oil shock, may grow 6.8%-7.1% despite global headwinds: SBI ResearchIndia faces global challenges from a strong position. Economic growth is projected between 6.8% and 7.1% for FY27. The nation's banking sec...
Europe has 'maybe 6 weeks of jet fuel left', energy agency head warnsEurope faces a critical shortage of jet fuel, with only about six weeks of supply remaining, according to the IEA head. The ongoing Iran wa...
IMF cuts global growth outlook for 2026, warns of potential recession if Iran war worsensThe International Monetary Fund has cut its global growth outlook, warning the economy could near recession if the Middle East conflict kee...
Global finance ministers warn of prolonged market impact from Middle East conflictGlobal finance ministers warn the Middle East conflict will continue to impact growth and inflation. Even a lasting peace will not immediat...
IMF cautions countries against broad fuel subsidies to deal with war-driven energy shockGlobal finances face new pressure from the Middle East conflict. Rising energy prices and interest rates strain economies. The IMF advises ...
Trump says Italy's Meloni lacks 'courage' on Iran warUS President Donald Trump criticised Italian Prime Minister Giorgia Meloni for her unwillingness to help in the Iran war, in an interview p...