Iran, Israel
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Iran remains in economic crisis due to international sanctions over its nuclear program, which have limited its oil exports. The Iranian rial remains weak and inflation is stubbornly high at around 40%. Any further disruption to oil exports would ripple globally.
Oil prices continued climbing Sunday after Israel and Iran traded blows against their respective energy facilities, threatening to expand the impact of the conflict in
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There are growing fears of another energy driven inflationary shock the economy, as oil and gas prices continue to climb in response to Israel's conflict with Iran.
India-Israel tensions raise concerns over export disruption. Govt to meet exporters, shippers as risks to Red Sea and Strait of Hormuz routes grow. 80% of India-EU trade, major oil imports at stake, potentially impacting freight costs,
The Israel-Iran conflict's economic impact on India is under watch. Officials believe major impact is unlikely unless the conflict escalates. Short-term volatility in oil prices, capital flows, and shipping is possible.
The U.S. economy’s reliance on overseas oil is very much less a factor today than 10 or 15 years ago, says Nomura economist David Seif.
Israel and Iran continue to fire a volley of missiles and drones at one another, targeting energy infrastructure as well as residential areas. The conflict, which has killed over 220 people so far since Friday (June 13),
The Israeli military claims its campaign has eliminated high-value targets, including nine senior scientists, and severely damaged Iran’s nuclear infrastructure. Iranian authorities confirmed damage to four critical buildings at the Isfahan uranium conversion facility,
The Centre for the Promotion of Private Enterprise, CPPE, has outlined both the risks and possible benefits the escalating conflict between Israel and
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