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The Russian government has restricted helium exports until the end of 2027 after the war in Iran sparked a global shortage of the rare gas, which is used in everything from semiconductor production and medical imaging to rocket fuels and welding.
The IMF cut its 2026 global growth projection Tuesday, warning that the world economy could be "thrown off course" by the war in the Middle East - as the conflict roils commodity markets and sparks higher prices.
The Russian government has introduced export controls on Helium until the end of 2027 after the war in Iran sparked a global shortage of the rare gas, which is used in everything from semiconductor production and medical imaging to rocket fuels and welding.
In most of the world, being 12 years old means you cannot drive, vote, drink, marry, sign a contract, or join the military. The international community spent the better part of the 20th century constructing the legal frameworks required to protect that fact.
IMF Managing Director Kristalina Georgieva said this week that the fund would have upgraded its forecast for the global economy if not for the war in the Middle East. © Reuters
The energy shock from the Iran war will hit the UK the hardest of the world's advanced economies, the International Monetary Fund (IMF) has forecast.
Kristalina Georgieva, managing director of the International Monetary Fund (IMF), listens during a briefing in Beijing, China, Dec. 10, 2025. (AP Photo/Ng Han Guan, File)
The latest projection is 0.1 percentage lower than January’s estimate but higher than October’s
The latest projection is 0.1 percentage lower than January’s estimate but higher than October’s
The International Monetary Fund on Tuesday lowered its growth forecast for the Middle East due to the effects of the Iran war, reflecting its global estimates.
Treasurer Jim Chalmers is being warned not to use the budget to deliver cost-of-living handouts to deal with the inflation fuelled by the Iran war, with the International Monetary Fund fearful the globe could be pushed into a recession if hostilities do not end soon.
Diplomacy is not yet dead, as Bloomberg reports Iran is mulling a short-term pause to shipments through Hormuz Strait, in order to avoid a fresh clash with US forces & avoid testing Trump's blockade.
The US‑Israeli war on Iran and the recently announced ceasefire have exposed a fundamental clash of political interests between US President Donald Netanyahu and Israeli Prime Minister Benjamin Netanyahu, according to former acting Israeli president Avraham Burg.
The US‑Israeli war on Iran and the recently announced ceasefire have exposed a fundamental clash of political interests between US President Donald Trump and Israeli Prime Minister Benjamin Netanyahu, according to former acting Israeli President Avraham Burg.
The month-over-month change in producer prices had accelerated for five straight months ahead of today's March data, which is expected to surge thanks to Iran-war impacts on energy costs.
ROME — Prime Minister Giorgia Meloni has suspended Italy's defense cooperation agreement with Israel as she continues to distance her government from the U.S.-Israeli war in Iran that has enveloped the Middle East.
Economy Minister Akmal Nasrullah Mohd Nasir warns the effects of the crisis can last until next year, with oil prices expected to remain high
Economy Minister Akmal Nasrullah Mohd Nasir warns the effects of the crisis can last until next year, with oil prices expected to remain high
Fuel prices are displayed on a sign at a gas station as a fuel truck drives by, March 17, 2026, in Baltimore. (AP Photo/Stephanie Scarbrough, File)
South Korea will ban hoarding of key petrochemical feedstocks and products starting Wednesday, the government said, as the Iran war raises the risk of further supply disruptions.
The Finance Ministry announced on Tuesday a relief package for small and medium-sized businesses to cushion the effects of the war with Iran.
The United States naval blockade of Iran has come into effect as President Donald Trump’s administration tries to pressure Tehran into accepting its terms for an end to their war by trying to squeeze the Iranian economy.
The standard critique of the war does not ask who requires Iran to remain an enemy rather than a problem to be managed
The standard critique of the war does not ask who requires Iran to remain an enemy rather than a problem to be managed
US equity futures, and global stocks rise while oil slides on a Reuters report that negotiating teams from the US and Iran could return to Pakistan later this week to resume negotiations to end the war in the Gulf, days after the first peace talks ended without a breakthrough, with chatter from Pakistani media that …
SEOUL, April 14 (Yonhap) -- South Korea will ban hoarding of key petrochemical feedstocks and products starting Wednesday, the government said, as the Iran war raises the risk of further supply disruptions.
Wary of Iranian escalation that shuts down Red Sea traffic, the Kingdom of Saudi Arabia is asking the Trump administration to back off from its newly-implemented blockade of Iranian-linked shipping in the Strait of Hormuz, the Wall Street Journal reported on Monday evening. On Sunday, a senior advisor to Iranian Sup…
The US has achieved its objectives in Iran, Vice President J.D. Vance has claimed, adding Washington could begin winding down its military operation against the Islamic Republic.
Efforts to organize a second round of talks between the United States and Iran are underway, but escalating threats around the Strait of Hormuz continue to endanger a fragile ceasefire and rattle global markets.
Negotiating teams from the US and Iran could return to Islamabad this week to resume talks to end the war, sources told Reuters on Tuesday, after the collapse of weekend negotiations prompted Washington to impose a blockade on Iranian ports.
Russia’s oil export revenue surged in March, nearly doubling from the previous month after the United States issued a temporary sanctions waiver to stabilize global energy markets, the International Energy Agency said on Tuesday.
Iran’s president has told France that Washington’s approach derailed efforts to reach an agreement during talks in Islamabad last week.
Beijing says American move will ‘inflame tensions, escalate the situation and undermine an already fragile ceasefire’
Beijing says American move will ‘inflame tensions, escalate the situation and undermine an already fragile ceasefire’
The International Energy Agency (IEA) has sharply cut its forecasts for global oil supply and demand growth, saying both are expected to fall from last year’s levels as the United States-Israel war on Iran disrupts oil flows and weighs on the global economy.
MANILA, Philippines (AP) — More than 17,000 American and Filipino military personnel will participate in one of their largest annual combat exercises in the Philippines that underscore the United States’ staunch commitment to Asia despite its preoccupation with the Middle East, a U.S. military official said Tuesday.
Japan's Nikkei Stock Average jumped more than 1,400 points at one point during morning trade on April 14. (Photo by Nanami Sato)
Iran’s hold on the Strait of Hormuz has shunted energy markets onto a roller coaster since the US and Israel war began almost a month ago.
Iran has condemned a ban imposed by YouTube on a pro-Iranian group that releases Lego-style artificial intelligence videos after posting one lampooning United States President Donald Trump and declaring “Iran won” last week.
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If global media reports were to be believed, the UAE is awash with people desperate to leave the country in the wake of the Iran war.
Representatives Eric Swalwell, a California Democrat, and Tony Gonzales, a Texas Republican, announced Monday they would resign amid scrutiny over their conduct
The Iran war could end up costing U.S. taxpayers far more than official figures suggest, according to the analysis of one Harvard academic.
Team Iran, perhaps fatally, miscalculated in Islamabad last weekend.
India, even as it tilts towards the U.S., is increasingly finding that Washington's policies work to its detriment, particularly in matters of energy security. The Iran war has only exacerbated the issue.
The UK's Chancellor of the Exchequer, Rachel Reeves, has criticised Washington over its handling of the war with Iran, warning the lack of clear objectives is worsening the fallout.
The Iranian delegation faced urgent security threats on Monday while en route to Islamabad, Pakistan, for ceasefire negotiation talks with the United States, Hezbollah-affiliated media outlet Al-Mayadeen reported.
Countries are taking various measures, from power savings to export restrictions and subsidies to weather Asia's energy crisis. (Photo by Ken Kobayashi)
Nurseries in the UAE are to begin reopening gradually, six weeks after they were closed due to the Iran war, it was announced on Tuesday. Authorities said childcare services in government premises and commercial buildings will open first.Those not included in the initial phase can send nursery teachers to homes and …
Russian Foreign Minister Sergey Lavrov has arrived in Beijing as the United States blocks the Strait of Hormuz, through which China imports about a third of its oil supplies.