The ongoing Middle East war continues to trigger global economic fallout, with the dollar rising and the IEA chief warning of a 'major threat' from the Strait of Hormuz crisis, as experts now highlight significant disruptions to worldwide supply chains, leading to stuck ships and higher costs, prompting companies like Core Labs to cut financial guidance, driving US crude oil futures to rise, causing crypto prices to jump on hopes of a resolution in the Iran conflict, and leading to globally surging fuel prices that diminish small comforts and grow worries.
Malacañang is establishing a crisis committee to address the country's supply of food and petroleum products, responding to the ongoing Iran war and its potential impact on essential commodities.
Amidst the PDP crisis in Bauchi, groups are divided over Governor Bala Mohammed’s rumoured defection to the APC, with some urging loyalty and others backing his potential move.
Thailand's fuel shortage crisis is beginning to ease after the Department of Energy Business reported that a series of government interventions have stabilized supply and distribution.
Air New Zealand has cancelled four return flights to Samoa in April and May, citing soaring jet fuel prices exacerbated by the conflict in the Middle East.
Southeast Asian nations, including the Philippines and Thailand, are experiencing a severe fuel crisis with rising prices and shortages, impacting livelihoods and economies as ripple effects from the ongoing Middle East war continue to disrupt supply.
Transport protests against rising fuel prices and demanding government aid and fare adjustments disrupted operations in parts of Luzon and the Visayas, Philippines, on Monday.
Budget airline Cebu Pacific is reducing its flight schedule, including international routes, citing rising fuel prices linked to the Middle East crisis, a decision that is already causing disruptions for passengers.
Concerned by a sharp decline in European tourist arrivals and reduced confidence among local travelers due to fuel shortages, hotel operators in Thailand are offering 20-40% discounts to attract visitors during the upcoming Songkran holiday.
A discussion on the lasting impact of Paul Ehrlich's controversial book 'The Population Bomb' and how it was perceived by readers, particularly in relation to historical events like the Suez Crisis.
Nigerian businessman Aliko Dangote met with President Bola Tinubu in Lagos, discussing his UK visit and warning that the Middle East crisis could raise oil prices and force Nigerians into work-from-home scenarios, similar to the COVID-19 pandemic.
Oyo State Governor Makinde has sanctioned a N10,000 transport allowance for state employees to alleviate the financial strain caused by the recent increase in fuel prices in Nigeria.
The Indonesian government is introducing a mandatory one-day-a-week work-from-home policy for civil servants as a measure to reduce energy consumption amid an ongoing energy crisis.
