Sri Lanka, Nepal, Bangladesh Tackle Fuel Crisis with Austerity
Sri Lanka, Nepal, and Bangladesh are adopting austerity measures like reduced work weeks and fuel rationing to combat severe fuel shortages and economic challenges.
Category : Global Economy
Pakistan Cancels National Day Parade to Save Fuel Amid Crisis
Pakistan has canceled its National Day military parade to conserve fuel, highlighting a severe financial crisis exacerbated by ongoing conflicts and economic instability.
UAE Central Bank Launches Resilience Package Amid Iran Crisis
The UAE Central Bank has introduced a comprehensive financial resilience package to support the economy and banking sector during regional tensions, including measures for liquidity and stability.
Oil Shock from US-Iran War Benefits Iran and Russia
The US-Iran war disrupts Gulf oil supplies, pushing crude above $100 a barrel. This crisis enriches Iran and Russia as they capitalize on higher prices and constrained shipping, while Asia faces fuel rationing and economic strain.
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Sri Lanka Introduces Four-Day Work Week Amid Fuel Crisis
Sri Lanka has implemented a four-day work week to combat severe fuel shortages, declaring every Wednesday a public holiday. This measure aims to reduce energy consumption and ease economic strain.
US Diesel Prices Hit $5/Gallon, Fueling Economic Concerns
Retail diesel prices in the United States have soared past $5 per gallon, a milestone last seen in 2022. Economists warn this surge could slow global economic activity, exacerbated by Middle East tensions affecting fuel supplies.
Middle East Conflict Raises Stagflation Risks for Global Economy
A report by Fidelity International warns that the Middle East conflict and Strait of Hormuz closure pose stagflationary risks, with Asia and Europe more vulnerable due to energy import dependence.
Middle East War Sparks Record Oil Prices, Supply Crisis
The Israel-Iran conflict has pushed Middle Eastern crude to all-time highs above $153 per barrel, causing severe supply disruptions and forcing Asian refiners to seek alternatives amid plummeting exports.
Oil Prices Surge on Middle East Conflict, Strait of Hormuz Disruption
Brent crude hits $102.69, WTI at $95.92 as Middle East tensions disrupt Strait of Hormuz, threatening global supply and pushing prices toward $120-$150 per barrel.
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Friend Shoring Strategy for Supply Chain Resilience (17.03.2026)
Friend shoring emerges as a key strategy to enhance supply chain resilience by shifting production to allied nations, reducing geopolitical risks and fostering economic cooperation.
EU Firms Caution Against Quick Tech Sovereignty Push
European companies across banking, manufacturing, and tech sectors warn that rapidly reducing reliance on US technology platforms could disrupt operations and increase costs, urging a balanced approach to digital sovereignty.
Kremlin: Rising Oil Prices Increase Russia's Budget Revenues
The Kremlin announced that increasing global oil prices are leading to higher revenues for Russia's federal budget, amid ongoing economic adjustments and international sanctions.
Oil Executives Warn Trump of Deepening Energy Crisis in Iran War
Top executives from Exxon, Chevron, and ConocoPhillips expressed concerns to White House officials about worsening energy disruptions from the Iran conflict, as Trump calls for international warship deployment to secure the Strait of Hormuz.
Oil Leaders Warn Trump of Worsening Fuel Crunch in Hormuz Crisis
Top US oil executives have alerted the Trump administration that disruptions in the Strait of Hormuz could intensify the global fuel crisis, with prices potentially rising further and supply shortages looming.
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Nepal Fuel Prices Soar Amid West Asia Conflict, New Rates Announced
Nepal faces a severe fuel price surge as petrol, diesel, and LPG rates increase sharply due to the West Asia conflict, impacting daily life and economy. Check the latest rates here.
IEA Launches Historic Oil Reserve Release Amid War
The International Energy Agency announces immediate strategic oil reserve releases in Asia-Oceania, with Americas-Europe to follow in March, as the West Asia war causes the largest supply disruption in oil market history.
US Labor Market: Workers Hold Tight as Confidence Wanes
The American labor market shows signs of unexpected slowdown as workers become reluctant to quit jobs, hiring cools in key sectors, and job-hopping benefits fade amid rising competition and AI concerns.
IEA Oil Release Limited if Hormuz Stays Closed: S&P Analysis
The International Energy Agency's historic 400 million barrel emergency stock release may ease oil market imbalances, but S&P Global Energy warns it won't solve the crisis if the Strait of Hormuz remains shut, with Asia facing severe shortages.
Fitch: Global Growth Steady if Oil Shock Brief
Fitch Ratings forecasts global economic growth at 2.6% in 2026, slightly down from 2.7% in 2025, provided the recent oil price surge is temporary. The agency highlights risks from prolonged high oil prices.
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US-China Trade Talks Begin in Paris, Treasury Official States
High-level trade discussions between the United States and China have officially started in Paris, as confirmed by a US Treasury official, marking a significant step in bilateral economic relations.
China's Economic Model Under Strain as Export Dependency Grows
China's economy shows signs of structural weakness with deflation, property crisis, and demographic challenges undermining its growth model, raising questions about sustainability.
Defence Spending Hits Record Highs Amid Rising National Debts
Global defence expenditures have surged to unprecedented levels, driven by geopolitical tensions and security threats, even as many nations grapple with mounting public debt burdens.
US Seeks $1.6 Trillion Tariff Revenue After Court Ruling
The Trump administration is launching new investigations to recover $1.6 trillion in lost tariff revenue after a Supreme Court decision, using Section 301 probes to impose replacement levies.
Fujairah Port's Role in Global Oil Market Amid Conflict
The UAE's Fujairah port, a major hub for crude and fuel exports, faces disruptions from drone attacks, impacting global oil flows as the Strait of Hormuz remains closed due to the Iran war.
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Gulf Crisis Puts India's Remittance Flow at Risk
The ongoing conflict in West Asia jeopardizes billions in remittances sent by Indian migrants, with fears of a mass exodus to countries like Canada and Australia, impacting states from Kerala to Bihar.
Pakistan Economy Hit by Middle East War Oil Disruption
Pakistan faces severe economic strain as Iran's Strait of Hormuz disruptions spike fuel prices, impacting agriculture, transport, and households ahead of Eid. The crisis threatens to deepen poverty and destabilize the IMF-assisted economy.
Iran Considers Yuan Payments for Strait of Hormuz Tanker Passage
Iran is reportedly planning to permit limited oil tanker passage through the Strait of Hormuz if cargo is traded in Chinese yuan, amid escalating regional tensions following US strikes on Kharg Island.
US Economy Growth Slows Sharply in Q4 2025 to 0.7%
The US economy expanded at a much slower pace in Q4 2025 than initially estimated, with GDP growth revised down to 0.7% annually due to weaker consumer spending and government expenditure.
Middle East Tensions Disrupt Global Oil Supply, Prices Soar
Middle East tensions disrupt Strait of Hormuz oil flows, causing global supply shocks. Countries like India, US, and China scramble for alternatives as prices exceed $100 a barrel.
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US Waiver Unlocks 30 Tankers of Russian Oil in Asia
A temporary US waiver allows buyers to purchase Russian oil cargoes already at sea, placing nearly 30 tankers in Asian waters back on the market. The move comes as energy prices surge amid Middle East conflicts.
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