
Global Economy Grapples with Iran War's Energy Shock; Asia Responds to Fuel Crisis
The Iran war continues to cause a global energy shock, driving fuel prices up and shaking the world economy, with Asia looking to COVID-era playbooks to tackle the crisis from the Strait of Hormuz blockage. Daily life in Asia is disrupted by the fuel crisis, and poor countries face catastrophe as the global economy pays a high price for the conflict.
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UK inflation rate remained at 3% in February
The speed of price rises in the UK has stayed the same, according to data which was collected before the US-Israel war with Iran began.
Read full article →Here’s the latest.
By Francesca Regalado, Eric Schmitt, Elian Peltier and Adam Rasgon
Read full article →The Oil Supply Crunch Is Spreading From the Gulf to the Rest of the World - WSJ
The Oil Supply Crunch Is Spreading From the Gulf to the Rest of the World WSJ
Read full article →UK inflation held steady at 3% in February
Figure comes as Middle East war has triggered a surge in energy prices
Read full article →UK inflation held at 3% before global energy price hit from Iran war
February annual rate in line with analysts’ expectations but outlook has shifted because of effects of conflict The UK inflation rate was unchanged at 3% in February, before Donald Trump’s Iran war drove up global energy costs, threatening a renewed price jump. Official figures showed the consumer prices index (CPI) remained at 3%, in line with economists’ expectations but still well above the government’s 2% target. Continue reading...
By Heather Stewart Economics editor
Read full article →From Pakistan to Egypt, Iran war drives up fuel prices in the Global South
Developing economies in Asia, Africa, and the Middle East are bearing the brunt of surging energy costs.
Read full article →Oil price rises as Middle East attacks continue - The Times
Oil price rises as Middle East attacks continue The Times
Read full article →Approximately 1,000 US soldiers preparing to deploy to the Middle East to be available for Iran operations - CNN
Approximately 1,000 US soldiers preparing to deploy to the Middle East to be available for Iran operations CNN
Read full article →South Korea braces for 'worst-case scenarios' as Iran oil shock deepens
South Korean Prime Minister Kim Min-seok warned the government must prepare for "worst-case scenarios" stemming from the Middle East conflict.
Read full article →US proposes 15-point plan as Iran opens Hormuz to 'non-hostile' oil vessels
Donald Trump said Tuesday he had sent a peace plan to Iran, expressing cautious optimism about ending nearly a month of war even as fresh violence underscored the fragility of the moment. In a potential sign of de-escalation, Tehran announced it would allow “non-hostile” vessels to pass through the strategically vital Strait of Hormuz, a key artery for global oil supplies.
By FRANCE 24
Read full article →A bad Treasury auction is offering a glimpse into the anxiety on Wall Street over the Iran war
Wall Street jitters about the Iran war spilled over Tuesday into a vital part of U.S. financial markets that typically hum along without a hitch.
By Joy Wiltermuth
Read full article →What to know about Trump’s 15-point plan to end the Iran war
Trump has outlined a pathway to de-escalation in the Middle East
By Jon Gambrell,Lee Keath and Munir Ahmed
Read full article →US offers plan for a ceasefire but Iran's military says Washington is in no position to negotiate
Read full article →Iran war impact: Philippines declares energy emergency with only 40 days of fuel remaining
The Philippines has declared a national energy emergency due to escalating Middle East conflict, fearing imminent danger to fuel supplies. President Marcos Jr. warned of potential flight groundings and industry rationing. The government is empowered to enforce conservation, fast-track procurement, and provide commuter relief. This move highlights the nation's vulnerability to global oil disruptions.
By TOI WORLD DESK
Read full article →Taiwan wary that China could exploit US distraction over Middle East war - The Straits Times
Taiwan wary that China could exploit US distraction over Middle East war The Straits Times
Read full article →The Oil Supply Crunch Is Spreading From the Gulf to the Rest of the World
Unless peace talks pan out fast, traders say high prices for specific Mideast crude cargoes will soon cascade to the U.S. and elsewhere.
Read full article →Asia looks to COVID-era playbook to tackle fuel crisis from Iran war
Asia is at the frontline of the fuel crisis, buying more than 80% of the crude that transits the Strait of Hormuz, which has been almost totally blocked by Iran since the war broke out in February.
Read full article →Samsung chief sends support packages to Middle East staff amid tensions
Samsung Electronics Chairman Lee Jae-yong has sent gift packages worth about 5 million won ($3,500) to around 500 employees stationed in the Middle East, as regional tensions following the Iran conflict continue to weigh on expatriate staff, the company said Wednesday. The recipients include employees from Samsung affiliates working in the United Arab Emirates, Qatar and Saudi Arabia. Lee also delivered a video message of encouragement to workers remaining in the region. “I extend my deepest con
By The Korea Herald
Read full article →What Happens If Oil Hits $150? BlackRock CEO Flags Risk Of Global Recession
Oil sits at the centre of the global economy. Therefore, at $150, there won't be a gradual adjustment, but a global shock.
Read full article →War in the Persian Gulf means volatility in the global energy market
Japanese companies have long assumed a stable future energy supply. That assumption is no longer secure.
Read full article →What do we know about Trump's 15-point plan for Iran?
As Israel threatens to take control of southern Lebanon, the Trump administration sends Iran a 15-point plan for ending hostilities.
Read full article →Samsung sends gifts, message of support to employees in Middle East - Yonhap News Agency
Samsung sends gifts, message of support to employees in Middle East Yonhap News Agency
Read full article →Nasdaq, S&P, Dow futures gain on talks of U.S.-Iran peace plan
Read full article →Israel pushes back against US 15-point plan for Iran
The administration of US President Donald Trump has sent Tehran a package of terms aimed at ending the conflict, according to Israel’s Channel 12. The report said the plan includes 15 points — 14 of which were presented — combining demands on Iran with possible incentives, including the lifting of sanctions. The US government has […]
By newsroom
Read full article →Iran mocks 15-point ceasefire plan drawn up by Trump’s White House
A source told Associated Press that the plan was submitted to Iranian officials yesterday
Read full article →Iran’s military rejects Trump’s talk of negotiation
Iran military's message to US President Donald Trump: 'Has the level of your inner struggle reached the stage of you negotiating with yourself?'
By Reuters
Read full article →OIL PRICE WATCH as of March 25, 2026
Fuel prices continue to soar this week amid the war in the Middle East. The expected price increase on Tuesday was an additional P6.47 for gasoline, and P11.88 for diesel— mild when compared to the massive price surge in the week of March 17 to 23, wherein an additional P16.60 was added to every liter
By ggaviola
Read full article →Middle East conflict delays auto exports to key market
Thailand's automotive industry is facing mounting pressure as the Israel-US war on Iran disrupts shipping routes through the Strait of Hormuz, delaying vehicle exports to the Middle East, says the Federation of Thai Industries (FTI).
Read full article →Boots on the ground: Is US readying airborne troops for Iran war? - Khaleej Times
Boots on the ground: Is US readying airborne troops for Iran war? Khaleej Times
Read full article →Stocks rise, oil retreats on Mideast ceasefire reports
Brent crude sheds 5% to near $99 a barrel as reports of US peace proposal lift cautious hopes across global markets
By Reuters
Read full article →US proposes 15-point plan as Iran opens Hormuz to 'non-hostile' oil vessels - The Daily Star
US proposes 15-point plan as Iran opens Hormuz to 'non-hostile' oil vessels The Daily Star
Read full article →New Details: US Pilot Suffered Shrapnel Wounds After 'Unkillable' F-35 Was Struck By Iran
New Details: US Pilot Suffered Shrapnel Wounds After 'Unkillable' F-35 Was Struck By Iran Very little is known about last week's incident which forced an 'unkillable' F-35 fighter jet to make an emergency landing at an airbase in the Middle East last week, amid reports it took on Iranian fire. Iranian state media said it was shot and successfully downed. Al Jazeera observed that "If true, this would be the first time during the war that an F-35, the cornerstone of Washington’s a...
By Tyler Durden
Read full article →Iran war grounds 40,000 flights, sends fares up more than 70% - Nation Thailand
Iran war grounds 40,000 flights, sends fares up more than 70% Nation Thailand
Read full article →Crude tumbles, stocks rally on hopes for Iran war de-escalation
Oil prices tumble and stocks rally as reports of a US peace plan for Iran and open sea passage boost hopes for de-escalation in the Middle East. Read More: https://punchng.com/crude-tumbles-stocks-rally-on-hopes-for-iran-war-de-escalation/
By Punch Newspapers
Read full article →Trump’s govt proposes 15-point plan to end Iran war – Reports
U.S. news outlet Axios, citing a source with knowledge of the matter, reported that U.S. special envoy Steve Witkoff told President Donald Trump that Iran had agreed on several key points, including giving up its stockpile of highly enriched uranium. The post Trump’s govt proposes 15-point plan to end Iran war – Reports appeared first on Vanguard News.
By Henry Oduah
Read full article →War on Iran pushes up food, water, and fuel prices in India - Tehran Times
War on Iran pushes up food, water, and fuel prices in India Tehran Times
Read full article →Kenya Airways says Iran war has led to demand hike for its flights
Kenya Airways said on Monday demand for seats on its flights had jumped due to the effects of war in the Middle East, with most of the gains coming from Europe, the U.S. and Asia.
By Abubakar Ibrahim
Read full article →Coverage Timeline
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