Markets May Declare the War Over. Is That the Truth? - Bloomberg.com

Markets May Declare the War Over. Is That the Truth?  Bloomberg.com

China’s consumer goods factories cut output as Iran war sends costs soaring

The disruption to shipping traffic along the Strait of Hormuz is starting to bite in China, where some manufacturers are reducing production due to soaring energy, raw material and freight costs. Zhao, who runs a bicycle factory in Guangzhou serving clients in the United States, Middle East and Europe, has already put most export business on hold. “We also cancelled all orders from Iran,” he said. “The cost of aluminium, a key raw material for bicycle production, has risen by 30 per...

By Mia Nurmamat

French economic growth undercut by war in Iran, national statistics office says

The French economy will grow by only 0.2% in the first half of the year instead of the 0.3% forecast, the Insee national statistics agency said Tuesday, citing higher inflation linked to the war in Iran. Inflation will surpass 2% in coming months, rising sharply from the 1.1% rate seen in February.

By FRANCE 24

Oil prices fall as Iran says ‘non-hostile’ ships can pass through Strait of Hormuz

Five vessels were tracked transiting the waterway via their automatic identification systems, down from an average of 120 daily transits before the conflict began

By Stuti Mishra

Singapore Airlines, Cathay add Europe flights as Iran war spurs demand - Nikkei Asia

Singapore Airlines, Cathay add Europe flights as Iran war spurs demand  Nikkei Asia

Dow finishes higher as markets cheer potential Strait of Hormuz reopening

What a battle to reopen the Strait of Hormuz would look like

Since the start of Operation Epic Fury, Iran has menaced the strait, snarling roughly 20% of global exports of oil and gas, among other essential cargoes.

Failure to secure Red Sea shipping casts shadow over Strait of Hormuz plan

Absent the strait's reopening, shortages will become more acute, ‌threatening higher ‌costs for energy, food and numerous other products worldwide.

US-Israel war on Iran may increase food prices worldwide: UN

ISLAMABAD: The United Nations Food and Agriculture Organisation (FAO) has said that the prolonged disruption to trade through the Strait of Hormuz triggered by US/Israeli attack on Iran could create cascading impacts across energy markets, fertiliser supply chains and global agrifood systems, raising production costs, tightening agri­­cultural supply and increasing food prices worldwide. While global food markets remain more stable than during previous crises, the current war underscores the ...

By none@none.com (Amin Ahmed)

Strait of Hormuz crisis an opportunity to explore cleaner maritime fuel: MPA chief executive

Maritime traffic through the Strait of Hormuz has almost completely stopped since the United States and Israel launched strikes against Iran.

Worst case scenario: At least 50% rice, pork, chicken price hike if Gulf crisis persists

Agriculture Secretary Francisco Tiu Laurel Jr. says 'there’s always the option to import or reduce tariffs if needed,' to temper price hikes though he, as agriculture chief, does not favor it

By Iya Gozum

Iran allows ‘non-hostile vessels’ through Strait of Hormuz, as Trump hints at war off-ramp - News24

Iran allows ‘non-hostile vessels’ through Strait of Hormuz, as Trump hints at war off-ramp  News24

Western powers were unable to secure shipping in the Red Sea, Hormuz will be harder

Iran's drones, mines and mountain coastline make Strait of Hormuz far more treacherous battleground

By Reuters

West Asia conflict disrupts Nepal’s supply chain, hitting raw materials from mineral water to saline bottles - The Kathmandu Post

West Asia conflict disrupts Nepal’s supply chain, hitting raw materials from mineral water to saline bottles  The Kathmandu Post

Oil falls below $100 after Trump comments on Iran talks

Prices had surged in recent weeks in the ongoing conflict with Iran, briefly approaching 120 dollars a barrel. The post Oil falls below $100 after Trump comments on Iran talks appeared first on Vanguard News.

By Henry Oduah

Iran sets strict conditions for returning to talks – “You are negotiating with yourself,” Tehran tells Trump (Update)

The statement, in which Tehran hints that the U.S. is ‘negotiating with itself,’ was issued following reports that Washington has prepared a 15-point plan to end the war – Oil prices fell this morning The post Iran sets strict conditions for returning to talks – “You are negotiating with yourself,” Tehran tells Trump (Update) appeared first on ProtoThema English.

By Newsroom

Real target of US-Israel war on Iran: Iranians’ energy resources & future - Tehran Times

Real target of US-Israel war on Iran: Iranians’ energy resources & future  Tehran Times

Middle East shock gives Dangote Refinery leverage as cheap imports dry up

Nigeria's Dangote ‌Petroleum Refinery has stepped up gasoline exports across Africa as disruptions to energy flows due to the Iran conflict squeeze traditional fuel supply routes, curbing the cheap imports that long dominated West African markets.

By Abubakar Ibrahim