Economy

US launches probe into trading partners including EU, China and India

The US has launched a new investigation into some of its biggest trading partners after the Supreme Court struck down…

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Iran tells world ‘get ready for $200 a barrel’

Iran’s military command said on Wednesday the world should be prepared for oil to hit $200 a barrel, as three…

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Trump signals US will tap oil reserve to ease Iran price shocks

President Donald Trump indicated he would tap the US Strategic Petroleum Reserve to help ease oil prices that have soared amid the…

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UK talking to partners about limiting economic impact of Iran crisis, says PM

British Prime Minister Keir Starmer said on Monday that his government was talking to international partners about what can be…

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EU has enough oil and gas, but prices are a concern, spokesperson says

EU member states have sufficient stocks of oil and gas despite the disrupted supply chains due to the war in…

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Airline shares shatter, airfares soar as US-Israel war on Iran continues

Airline stocks were hammered on Monday, while airfares soared as the US-Israeli war with Iran sent oil prices surging, sparking…

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US oil price soars over 10 pct. after Trump demand on Iran

The price of the benchmark US oil contract soared more than 10 percent Friday on fears of extended disruption to…

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Drone attack targets military base at Baghdad airport: Security sources

A drone attack targeted on Friday evening a military base at Baghdad airport that hosts a US diplomatic facility, security…

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Saudi Arabia remains in strong fiscal position, finance ministry spokesperson says

Saudi Arabia’s finance ministry said on Friday the kingdom’s fiscal position was strong and it had access to multiple export…

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China sets lowest economic growth target since 1991

China has cut its annual economic growth target to a range of 4.5%-5%, the lowest expansion goal since 1991 as…

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