Tag: Iran war fallout
‘Think of the unthinkable and prepare for it’, IMF warns on Iran war impact on global economy| Business News
The International Monetary Fund has warned of inflation risks from an escalating Iran war, as a direct fallout is the surge in crude oil prices….
Bahrain’s Bapco Energies declares ‘force majeure’ after Iran attack| Business News
Bahrain’s state oil company, now under Bapco Energies, has declared force majeure for its shipments after an Iranian attack set its refinery ablaze. Smoke rises…
Asia’s ultra-rich is having second thoughts on Dubai as Iran war rages| Business News
Many of Asia’s richest families are reconsidering their exposure to Dubai as the Iran war rattles a city that has attracted billions from across the…
IndiGo among worst-hit as Iran war delivers crude shock to global airline stocks| Business News
India’s airline stocks took a severe beating on Monday, leading a broader Asian market selloff as surging crude oil prices and an escalating Iran war…
Gold stuck in Dubai is being sold at a discount as Iran war widens| Business News
Gold is being offered at a steep discount in Dubai, as the Iran war grounds flights and hampers suppliers’ ability to move bullion out of…
India tells refiners to maximise LPG output for domestic sales only| Business News
India has directed all its refiners to maximise LPG production for sale to state-run oil marketing companies, amid a has squeeze stemming from the Iran…
Morgan Stanley cuts India exposure on LNG shock from Iran war| Business News
Morgan Stanley is adopting a more cautious stance on Asian equities, trimming its India exposure on concerns that the Iran war may disrupt supply chains…
Gas shortage hits ceramic hub in Gujarat’s Morbi as Iran war widens| Business News
The ceramic industry in Gujarat’s Morbi district is facing a looming production crisis as an escalating Iran war chokes the supply of essential natural gas….