middle east conflict

Tokyo, April 10 – Japan plans to release 20 days' worth of oil reserves starting in May, Prime Minister Sanae Takaichi said on Friday, adding to the ongoing efforts that began in mid-March.Takaichi revealed the plan at a ministerial meeting on the day to address the Middle East situation amid...

Manila, April 10 – The ongoing conflict in the Middle East has heightened global geopolitical risks and intensified downside risks for economic growth in developing Asia and the Pacific, according to a new report released by the Asian Development Bank (ADB) on Friday.The Asian Development...

Seoul, April 10 – The foreign ministry appointed former Ambassador to Kuwait, Chung Byung-ha, as its special envoy to Iran on Friday, and will soon send him to Tehran to coordinate the safe passage of South Korean vessels and nationals amid the Middle East conflict, officials said.The ministry...

New Delhi, April 10 The Asian Development Bank (ADB) on Friday projected India's GDP growth to remain "robust" at 6.9 per cent in the current fiscal, and rise to 7.3 per cent in the next fiscal, driven by strong domestic demand, and supported by easing financing conditions and lower US tariffs...

Seoul, April 10 – South Korea's National Assembly is set to handle an additional budget bill on Friday aimed at coping with the economic fallout from the ongoing war in the Middle East.The additional budget, intended to ease the burden of rising oil prices and protect small businesses and...

Washington, April 10 – A fresh diplomatic row erupted after Pakistan’s Defence Minister Khawaja Muhammad Asif posted sharply critical remarks about Israel, drawing swift condemnation from Israeli authorities, US lawmakers, and experts at a sensitive moment in ongoing ceasefire efforts.Asif...

Washington, April 10 – Rising geopolitical tensions are beginning to reshape economic expectations, with the World Bank’s president, Ajay Banga, warning that prolonged conflict could dampen growth, fuel inflation, and strain vulnerable economies.Speaking at the Atlantic Council, World Bank...

Washington, April 9 – A global oil shock linked to the Middle East conflict is set to hit growth and fuel inflation across energy-importing economies, the International Monetary Fund (IMF) Managing Director Kristalina Georgieva warned on Thursday.In her opening speech ahead of the IMF's Annual...

New Delhi, April 9 The World Bank said on Thursday that India is well-positioned to weather the current global energy shock, with ample buffers, including high foreign exchange reserves, fiscal space, and low inflation, which will support growth despite global headwinds.Addressing a conference...

Srinagar, April 9 Jammu and Kashmir Chief Minister Omar Abdullah said on Thursday that the US should exert some control over Israel to ensure the success of the ceasefire with Iran.Amid peace talks facilitated by Pakistan to resolve the US-Iran conflict, he also said that Pakistan has achieved...

Srinagar, April 9 – Jammu and Kashmir Chief Minister Omar Abdullah said on Thursday that US President Donald Trump cannot be trusted, and perhaps he himself doesn't know what he intends to do.Speaking to the media here, Omar Abdullah said, "Perhaps he (Donald Trump) doesn't himself know what...

Islamabad, April 9 Clearing the air of mistrust, Iran confirmed that its 10-member delegation will arrive in Pakistan on Thursday to participate in upcoming talks to resolve the conflict with the US and Israel.The crucial talks are scheduled for Friday in Islamabad, just days after a two-week...

Mumbai, April 9 – The Shiv Sena Uddhav Balasaheb Thackeray (UBT) said on Thursday that Pakistan, a nation long criticized as a breeding ground for terrorism and a center for anti-India conspiracies, is now being hailed by international media as a "global peacemaker". Following a month of intense...

Seoul, April 9 – South Korean President Lee Jae Myung said on Thursday that it is time for the nation to fundamentally change its economic system, as rising oil prices and inflationary pressures from the war in the Middle East have dampened prospects for an economic recovery.However, Lee urged...

Washington, April 9 The International Monetary Fund, the World Bank, and the World Food Programme have said that the war in the Middle East has triggered one of the largest disruptions to global energy markets and will inevitably lead to rising food prices and food insecurity.In a joint...

Washington, April 8 Concerned about rising oil prices and surprised by a resilient Iranian regime, the White House urged Pakistan to broker a temporary ceasefire with Tehran, the Financial Times reported on Wednesday.For weeks, the Trump administration had been pressuring Islamabad to convince...

Jerusalem, April 8 Israeli Prime Minister Benjamin Netanyahu said on Wednesday that the two-week ceasefire in the fight against Iran was "not the end of the war" but a "pause," as he vowed to achieve all war objectives, including the issue of Tehran's enriched uranium.The US and Iran had...

New Delhi, April 8 – The Congress welcomed the temporary cessation of hostilities in West Asia on Wednesday, but launched a sharp attack on the Narendra Modi government, accusing it of diplomatic missteps that allowed Pakistan to emerge as a key mediator in the US-Iran ceasefire deal.In a...

New Delhi, April 8 – Civil Aviation Minister Ram Mohan Naidu announced on Wednesday a 25 per cent reduction in landing and parking charges for domestic airlines at the country’s airports, in an effort to keep airfares affordable for passengers amid rising jet fuel prices due to the Middle East...

Islamabad, April 8 Pakistani Prime Minister Shehbaz Sharif on Wednesday urged all parties to exercise restraint and respect the US-Iran ceasefire, amid reports of violations of the truce across the conflict zone.The US and Iran had earlier agreed on a conditional two-week ceasefire that...