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Soaring fuel prices in Pakistan threaten economic and political crises

effects will be increasingly severe, impacting everything from agriculture and transport to the price of food and basic goods, worsening the plight of families already facing a cost-of-living crisis. “Conventional economics tells

China weathered Trump's tariffs - but the Iran war is taking a toll

global economy. China's economy was already battling slower growth and unemployment when Donald Trump's tariffs hit last year. Still, it proved resilient, boosting exports and reporting GDP growth of around

US talks between Lebanon and Israel end – as it happened

global markets,” the Market Intel states. “Since the escalation of tensions in the Middle East, nitrogen fertiliser prices have risen more than 30%, while combined fuel and fertiliser costs have increased roughly

Ships attacked in Strait of Hormuz after ceasefire extension

Middle East war: **Iran's economy | UK-France conference | International reaction | Airline fuel struggles | Points of contention** ### **Trump says Iran flailing economically** Despite Iran's refusal to attend negotiations this week, Trump says the country

Australia news live: Wong heads to Japan, China and South Korea to secure fuel supply; new ADF armoured vehicles ordered

Middle East conflict and closure of the strait of Hormuz continue to disrupt global energy markets, with Asian refineries and the Indo-Pacific region disproportionately affected. Direct, in-person engagement with counterparts across our region

First ever talks to ditch fossil fuels as UN deadlock deepens

global fossil fuel supply - including Colombia, Australia and Nigeria - but major powers including the US, China and India are not part of the talks. Progress at the annual UN COP climate meetings has slowed

The U.S. blockade continues despite Iran's announcement the Strait of Hormuz is open

Middle East, with Iran effectively closing off the narrow strait. In addition, Iran's retaliatory attacks on Gulf countries' oil and gas refineries have caused further disruption in global supply. As a result, some international

Leaders urge for restraint as 10-day Israel-Lebanon ceasefire takes effect

Middle East, with Iran effectively closing off the narrow strait. In addition, Iran's retaliatory attacks on Gulf countries' oil and gas refineries have caused further disruption in global supply. As a result, some international

Why the RBA is predicted to deliver a third straight interest rate hike this week

Middle East conflict. Official figures released last week showed inflation jumped by almost a percentage point to 4.6% in the year to March and the highest in two and a half years. But the more

Tehran, Taiwan, trade … what are the hazards facing Trump on Xi summit tightrope?

Middle East, will not be far from the surface. ![President Donald Trump greets Chinese President Xi Jinping ahead of a bilateral meeting at Gimhae Air Base on October 30, 2025 in Busan, South Korea

Here's how much the the Iran war cost -- and how its effects will linger

effects will linger ![A man walks past a billboard featuring the portraits of (right to left) Iran's new Supreme Leader Ayatollah Mojtaba Khamenei, the late Supreme Leader Ayatollah Ali Khamenei, and the late Supreme

Pakistan army chief in Tehran to advance next round of US-Iran talks

global economy – but amid indications of progress towards a deal to end the war, which has killed 3,000 people in Iran and [spiralled across the Middle East](/news/2026/4/15/iran-war-what-is-happening-on-day-47-of-the-us-iran-conflict). “The urgency is being driven

Iran war: What is happening on day 48 of the US-Iran conflict?

Middle East command (CENTCOM) said 10 ships were stopped or redirected within the first 48 hours of a naval blockade, with none leaving Iranian ports. - **US Congress divisions:** The Senate rejected efforts to limit

US extends sanctions waiver on Russian oil: Why it matters

global oil and gas is shipped during peacetime, and the US naval blockade of Iranian ports. The closure of the strait, which is the only sea route from the Gulf to the open ocean

Iran says US making ‘unreasonable’ demands in negotiations to end war

conflict and unblock the Strait of Hormuz was legitimate and generous. He called for an end to the war across the region and the release of frozen assets abroad in response to the latest

U.S. and Iran announce a deal to end the war, reopen Strait of Hormuz

conflict that set the Middle East aflame and shook the global economy. [![French President Emmanuel Macron (L) and US President Donald Trump (R) shake hands during the greetings ceremony at the Gaza Peace Summit

Africa sees winners and losers as Iran war pushes up oil prices

economy from the shocks of the global energy crisis. Fuel prices have already surged there, with the price of a litre of diesel rising during the war by 24 percent to about $1.60, with

Reeves cuts VAT on summer days out to 5% as part of cost of living support

global oil firms operating in the UK, to help meet the costs of her plans. As well as cutting VAT from 20% to 5% during the summer on tickets for attractions and children’s meals

Trump says he is weighing reducing American troop presence in Germany after Iran feud

Middle East conflict](https://www.npr.org/series/1205445976/middle-east-crisis) ### [Deadlock over Iran's nuclear program and the Strait of Hormuz cripples peace efforts](https://www.npr.org/2026/04/28/nx-s1-5802283/iran-middle-east-updates) "The United States is studying and reviewing the possible reduction of Troops

U.S. military says it's striking 'multiple targets' in Iran in 2nd day of renewed fire

Middle East conflict](https://www.npr.org/series/1205445976/middle-east-crisis) ### [U.S. and Iran exchange strikes after Apache helicopter downing](https://www.npr.org/2026/06/09/nx-s1-5851845/trump-confirms-iran-shot-down-helicopter-says-u-s-must-respond) U.S. Central Command said in a social media post that the military was striking "multiple targets