Middle East Crisis

Sri Lanka’s government delivered another blow to consumers Sunday, raising petrol and diesel prices by as much as 25% – the second increase in a fortnight. The decision reflects the …

South Korea is deep in discussions with Iran to reopen the Strait of Hormuz, a move that could ease the mounting global energy crunch triggered by Middle East hostilities. Tehran’s …

New Zealand’s Prime Minister Christopher Luxon didn’t mince words as Iran’s blockade of the Strait of Hormuz threatens to upend the nation’s fuel supply and economy. With oil prices rocketing …

As Middle East strife hampers global trade routes, India is turning decisively to the U.S. for liquefied petroleum gas (LPG), outpacing Gulf suppliers for the week. S&P Global’s latest data …

In a tale of two metals, Friday’s bullion trading in India showcased stark contrasts amid rising Middle East strife. Gold extended its slump, but silver roared back with a hefty …

As conflicts rage in the Gulf region, India’s auto giants are breathing a sigh of relief. Production at facilities run by Maruti Suzuki, Mahindra, Tata Motors, and Kia shows no …

The Indian equity benchmarks witnessed their sharpest single-day drop in months on Thursday, triggered by heightened Middle East tensions pushing crude oil prices higher and ripples from global sell-offs. After …

The Bank of Japan has sounded the alarm on inflation as Middle East hostilities drive up global oil prices, threatening to destabilize the country’s import-dependent economy. In its monetary policy …

Colombo is gearing up for potential disruptions as the Sri Lankan Cabinet endorses four dedicated task forces to manage the repercussions of the Middle East flare-up. Stemming from a presidential …

Pakistan’s economy is reeling from the Middle East turmoil, with fuel prices surging and prompting a harsh two-month austerity drive. According to a detailed analysis, this government measure spares the …