The Middle East conflict has triggered sweeping, multi-commodity supply shocks, profoundly impacting global energy, petrochemicals, agriculture and shipping industries, among others. The disruption of shipping through the Strait of Hormuz–which handles nearly 27% of the global maritime oil trade–has triggered historic shortages and long-term operational strain on Gulf energy infrastructure, with estimates that repairing damaged…
Mumbai: India’s listed brokers and exchanges posted strong earnings growth in the March quarter, boosted by the surge in Margin Trading Facility (MTF) and the impact of a favourable base effect. Among listed brokers such as Billionbrains Garage Ventures (Groww), Angel One, IIFL Capital Services and Anand Rathi Share & Stock Brokers, standalone revenues rose…
United States President Donald Trump has said that the US would not rush into a deal with Iran, following expectations and mounting criticism of an agreement to end the war in the Middle East. Trump made this revelation on Sunday in a post on Truth Social, stating that the negotiations were proceeding in an orderly…
The most advanced U.S. warship and two accompanying destroyers docked at Naval Station Norfolk with about 5,000 sailors waiting to see their families for the first time since June. Besides combat operations and traversing continents, the sailors aboard the carrier faced a noncombat-related fire that left hundreds without places to sleep and forced lengthy repairs on…
Governor Uba Sani has advised pharmacists to jealously guard their profession against quacks, in order to safeguard the public and to ensure a sound healthcare delivery system. The governor gave the advice at the public presentation of a book to mark the 70th birthday of Professor Ahmed Tijani Mora, a renown pharmacist, at Hotel 17…
By Nkiruka Nnorom with agency report Iran’s Islamic Revolutionary Guard Corps has set a 30-day deadline for the US military to end its blockade of ports, saying US President, Donald Trump, must choose between an impossible military operation or a bad deal. The comments came after Tehran sent a 14-point plan to the US calling for…
The United States’ war in Iran has cost $25 billion so far, a senior Pentagon official said on Wednesday. While providing the first official estimate of the military’s price tag for the conflict, Jules Hurst, who is performing the duties of the comptroller, told lawmakers on the House Armed Services Committee that most of that…
French oil and gas giant TotalEnergies said Wednesday that net profit rose 51 per cent in the first quarter to $5.8 billion, boosted by higher oil prices linked to the war in the Middle East, drawing criticism from climate groups. Growth in its oil and gas production in Brazil, Libya, and Australia allowed the…
The International Monetary Fund has once again proven that its loyalty lies with economic dogma, not human life. In the face of a spiralling Middle East crisis that has pushed crude oil prices above 113 dollars per barrel, the IMF has warned the Nigerian government against returning to fuel subsidies despite the fact that millions…
The promised reopening of the Strait of Hormuz has come too late to spare some of the world’s poorest countries from economic and fiscal distress, officials have warned, even as it removes some of the shackles on more prosperous countries’ prospects. Speaking at the end of the IMF’s spring meetings in Washington on Friday, Kristalina…
