A month into the worst oil supply disruption since the 1970s Arab embargo, the economic pain spreading across Asia is reviving an uncomfortable question: Could this be 1997 all over again? The parallels are hard to ignore. Asian currencies are under pressure, fueling the risk of capital outflows. Spiking energy costs have pushed governments to…
Travelers in Terminal 1 at John F. Kennedy International Airport in New York, March 1, 2026. Michael Nagle | Bloomberg | Getty Images For budget-conscious travelers, it’s gotten harder to escape the rising cost of airfare in recent weeks. Airlines are raising bag fees, adding fuel surcharges and cutting flight schedules to manage the fallout…
Yvette Cooper, UK foreign secretary, delivers the opening remarks as she chairs a virtual meeting to discuss the re-opening of the Strait of Hormuz, in London, UK, on Thursday, April 2, 2026. Bloomberg | Bloomberg | Getty Images U.K. Foreign Minister Yvette Cooper is expected to call for unhindered access through the Strait of Hormuz…
Shares in Europe are poised to open in mixed territory on Thursday, as the fragile truce agreed between the U.S. and Iran already shows signs ofstrain. The U.K’s FTSE 100 is set to open 0.4% higher, according to IG futures data, while France’s Cac 40 is on course to open 0.2% lower. Germany’s DAX 0.4%…
A batch of exported urea fertilizers is being concentrated at the port for shipment at Yantai Port in Shandong Province, China on March 26, 2026. Cfoto | Future Publishing | Getty Images An unusually powerful El Niño later this year could exacerbate food security fears as disruption caused by the Iran war strains supply for…
U.S. President Donald Trump observes naval flight demonstrations on the deck of the USS George H.W. Bush aircraft carrier on October 5, 2025. Alex Wong | Getty Images News | Getty Images President Donald Trump said Wednesday U.S. military forces will remain deployed in and around Iran until Tehran fully complies with the “real agreement,”…
WASHINGTON DC, UNITED STATES – APRIL 6: The United States President Donald Trump holds a Press Conference in the James S. Brady Press Briefing Room at the White House on April 6, 2026, in Washington DC, United States. Celal Gunes | Anadolu | Getty Images U.S. President Donald Trump appears to have set his eyes…
Hello, this is Priyanka Salve, writing to you from Singapore. Welcome to the latest edition of “Inside India“ — your one-stop destination for stories and developments from the world’s fastest growing large economy. Just as India’s textile industry was beginning to stabilize after U.S. tariffs, it received another blow. Industry leaders tell me the Iran…
This picture taken on March 26, 2026 shows an oil tanker unloading crude oil at a port in Yantai, in China’s eastern Shandong province. CN-STR | Afp | Getty Images Oil prices rose Thursday after Iran accused the United States of violating elements of a two-week ceasefire agreement, raising concerns that tensions could escalate again…
An electronic stock board displays the Nikkei 225 Stock Average outside a securities firm in Tokyo, Japan, on Jan. 28, 2025. Toru Hanai | Bloomberg | Getty Images Asia-Pacific markets opened mixed Thursday, as Iran’s parliamentary speaker charged the U.S. of breaching the terms of the two-week ceasefire agreement. On Wednesday, U.S. President Donald Trump had…
