middle east conflict

New Delhi, March 31 India's real GDP growth for the next fiscal could decline by around 1 percentage point, while retail inflation could rise by about 1.5 percentage points from their baseline estimates if the Middle East conflict persists through the next fiscal, an EY report said.The EY...

Colombo, March 31 Sri Lanka has decided to increase electricity prices, effective April 1, the power authorities said.The Chairman of the Public Utilities Commission of Sri Lanka (PUCSL), KPL Chandralal, said on Monday that the state-owned electricity entity, the Ceylon Electricity Board...

Tehran, March 31 – Iran's parliament has initiated a process to approve a plan for effective management of the Strait of Hormuz.Abbas Goudarzi, spokesperson for the Iranian parliament's presiding board, said that the new plan has been added to the legislature's agenda after gathering over 250...

Wellington, March 31 New Zealand Prime Minister Christopher Luxon has defended his government's targeted support for the cost of living, amid soaring fuel prices, saying that while New Zealand cannot control global energy markets, it must help those most affected.In a post on X, Luxon said...

Seoul, March 31 – South Korean President Lee Jae Myung instructed senior officials on Tuesday to take decisive measures to address concerns about the energy situation caused by the Middle East conflict, stating that the government may issue an emergency economic decree if necessary."South...

Hyderabad, March 30 – The Telangana Legislative Assembly unanimously passed a resolution on Monday, urging the Centre to take the initiative to stop the war in the Middle East.The resolution warns that if the war between the US, Israel, and Iran continues, this could lead to a third World War...

Tehran, March 30 – The recent truce plan proposed by the United States contains “excessively unrealistic and unreasonable” demands, Iranian Foreign Ministry spokesman Esmaeil Baghaei said on Monday.Baghaei made the remarks at a press conference in Tehran while elaborating on the US-proposed...

Islamabad, March 30 Pakistan Prime Minister Shehbaz Sharif on Monday reviewed the fuel supply situation in the country in the wake of the ongoing West Asia conflict, while emphasizing efforts to provide "further relief to vulnerable segments."The meeting discussed the implementation of...

Australia will halve its fuel excise tax until the end of June to help ease costs for households amid a surge in fuel prices caused by the conflict in the Middle East. Australian Prime Minister Anthony Albanese made the announcement today as the international benchmark for crude oil rose above...

Canberra, March 30 – Australian Prime Minister Anthony Albanese announced on Monday that the government would halve its fuel sales tax in response to record-high prices.Albanese told reporters in Canberra after meeting with state and territory leaders on Monday morning that the fuel excise...

Islamabad, March 29 – Pakistan's Foreign Minister on Sunday indicated the possibility of talks between the US and Iran to de-escalate the ongoing conflict, emphasizing that both countries have expressed their "confidence" in Islamabad to facilitate their talks.Ishaq Dar made these remarks...

Islamabad, March 29 Pakistan's Foreign Minister said on Sunday that the country would hold talks between the US and Iran after a meeting with his counterparts from Saudi Arabia, Egypt, and Turkey.Ishaq Dar made these remarks after the Foreign Ministers held consultations on the West Asia...

Seoul, March 29 – South Korean Prime Minister Kim Min-seok vowed on Sunday to take preemptive measures against potential shortages of essential goods, as the Middle East crisis has disrupted global energy markets and driven up energy prices."We are at a critical economic juncture," Kim said...

Colombo, March 29 Sri Lankan President Anura Kumara Dissanayake thanked Indian Prime Minister Narendra Modi on Sunday for sending an oil shipment to ease the fuel supply disruptions in the island nation caused by the West Asia conflict.A shipment of 38,000 MT of fuel, comprising 20,000 MT of...

Jerusalem, March 29 – In a live broadcast update, Israel Defense Forces spokesperson Effie Defrin stated that within a few days, the Israeli military will complete its strikes on all vital components of Iran's military industry."This means that we will destroy most of Iran's military...

Islamabad, March 28. Given its association with the A.Q. Khan network—a global nuclear smuggling chain that supplied enrichment technology to Iran, Libya, and North Korea—Pakistan lacks credibility as a mediator, especially given its reported move to convey the American proposal to Iran and...

Mumbai, March 28 Addressing growing public concern amid the Iran–Israel conflict, Maharashtra Chief Minister Devendra Fadnavis on Saturday issued a stern warning against those spreading misinformation about fuel shortages or a potential lockdown, asserting that no such plan exists."There is...

Naypyidaw, March 28 – As the conflict in the Middle East heightened maritime instability, Myanmar's long-term strategic significance has become increasingly important in China's security calculus. There are also other strategic chokepoints beyond the Strait of Hormuz, and it is in this context...

Islamabad, March 28 Pakistan is set to host the foreign ministers of Saudi Arabia, Egypt, and Turkey for discussions on a wide range of issues, including efforts to de-escalate tensions in West Asia amid the war in Iran, the Foreign Office said on Saturday.At the invitation of Pakistan's...

Sydney, March 28 The Australian government will guarantee the purchase of essential products affected by the conflict in the Middle East under new fuel security measures announced by Prime Minister Anthony Albanese on Saturday.Albanese and Chris Bowen, the minister for energy, told reporters...