Tag: Iran War News

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Posted in Economy

From falling U.S. wealth to Indian factory closures, oil shock raises global recession risk

Kevin Kelly is in a tough spot. What he says are unprecedented price increases in the weeks since the United States waged war on Iran…

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The National Stock Exchange building in Bandra Kurla Complex, Mumbai.
Posted in Business

Sensex opens 0.5% lower, Nifty 50 below 22,900, rupee gains| Business News

Updated on: Apr 07, 2026 10:13:32 AM IST The National Stock Exchange building in Bandra Kurla Complex, Mumbai. India’s stock market declined at the opening…

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Currency traders watch monitors near a screen showing the Korea Composite Stock Price Index (KOSPI), top center, and the foreign exchange rate between U.S. dollar and South Korean won, top left, at the foreign exchange dealing room of the Hana Bank headquarters in Seoul, South Korea, Thursday, March 26, 2026. (AP Photo/Ahn Young-joon) (AP)
Posted in Business

US dollar wraps up best month since 2022 as Iran war upends energy markets| Business News

The dollar is on track for its best month since September 2022 as the Iran war upends energy markets, buffets economic forecasts, and sends investors…

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Posted in Economy

Strait of Hormuz tensions threaten 41% of India’s tea exports: TAI

Guwahati: Shailja Mehta, President Tea Association of India (TAI) stated that amidst reports of closure of Straits of Harmouz, the assurance from United States on…

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The Ministry of Oil (Iraq). (Reuters)
Posted in Business

Iraq halves output at Rumaila, world’s second largest oilfield, due to Hormuz blockade| Business News

Iraq has more than halved production at the world’s second largest oilfield in Rumaila after the Islamic Revolutionary Guard Corps declared the Strait of Hormuz…

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This satellite image provided by Vantor shows damage after a drone attack at Ras Tanura oil refinery in Saudi Arabia on Monday, 2 March 2026. (AP)
Posted in Business

$20,000 drones take on $4 million patriots| Business News

Just three days into the conflict, the Iran war has become attritional. Waves of drone attacks by the Islamic Republic are putting pressure on the…

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Posted in Economy

Iran crisis: No immediate oil disruption for India; price volatility, macro impact seen

New Delhi: India is unlikely to face any immediate physical disruption in oil supplies despite escalating tensions around Iran and the Strait of Hormuz, but…

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