Tag: Iran War
‘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…
Indian Oil, BPCL, HPCL shares slump the most in a year as surge in crude oil prices bites| Business News
Shares of India’s state-run refiners led by Indian Oil Corp. Ltd. saw their steepest declines in more than a year as a widening Iran war…
Brent crude oil prices spike toward $120/barrel Iran War forces more production cuts| Business News
Crude oil prices spiked dramatically toward $120/barrel as key Gulf producers curbed output, the vital Strait of Hormuz remained functionally closed, and the US threatened…
Forget oil and gas, a bigger Iran war risk is shaping up
The escalating Iran war focused global attention on the Strait of Hormuz, the narrow maritime corridor that carries a fifth of the world’s oil supply….
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…
Piyush Goyal in talks with shipping ministry, companies to tackle stuck cargoes as Middle East crisis stalls trade
Commerce Minister Piyush Goyal said on Friday he was holding talks with the shipping ministry and companies in the sector to free up cargoes marooned…
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…