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Bowen: Strait of Hormuz standoff raises risk of sliding back into all-out war

Iran's armed forces has become a strategic defeat. Closing the strait has global economic consequences. The length of time it stays closed will determine how severe the consequences of the war will

As Iran crisis drags on, fears of global food crisis grow

Iran has closed in retaliation for the United States and Israel’s war, could lead to a global food “catastrophe”. India, Bangladesh, Sri Lanka, Somalia, Sudan, Tanzania, Kenya, and Egypt are among the countries most

EasyJet boss says 'don't panic' over summer jet fuel supplies

Iran war has led to the effective blockade of the key Strait of Hormuz waterway, normally a key route for Europe's jet fuel, and this has led to near doubling in fuel prices. While

Soaring fuel prices in Pakistan threaten economic and political crises

oil price hikes trigger a chain reaction across the economy,” economist Kamran Butt [told](https://www.dawn.com/news/1981185) the Dawn newspaper. “They increase transportation costs, push up the prices of daily-use commodities and food items

Mortgages, bills and jobs: Five takeaways from the Bank of England meeting

affected as the conflict in the Middle East hits the economy. Here are five key takeaways. Not that long ago, most economists were expecting interest rates to fall this year. The Iran war changed that

Uncertainty over the Strait of Hormuz remains, as ceasefire nears its end

war, affecting revenue across the Gulf.| The International Monetary Fund said the country worst-hit economically is Qatar, with a nearly 9% contraction to its economy this year due to a complete suspension

UK voters need to hear battle over bills and climate crisis are linked, green experts say

affects of fossil fuels and the climate crisis – or the remedies they choose – may make the situation worse, green campaigners have warned. Ami McCarthy, the head of politics at Greenpeace UK, said: “With people

Oil prices soar on fears of long supply disruption, US siege of Iran ports

war on Iran has cost the US military $25bn so far. “Prospects for any near-term resolution to the Iran conflict or a reopening of the Strait of Hormuz remain dim,” IG market analyst Tony

US gas prices hit $4.23 high as Hormuz fears drive oil surge

Iran can’t get their act together. They don’t know how to sign a nonnuclear deal. They better get smart soon!” The surge in oil prices have compounded the typical price increases seen this

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

war, affecting revenue across the Gulf.| The International Monetary Fund said the country worst-hit economically is Qatar, with a nearly 9% contraction to its economy this year due to a complete suspension

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

war, affecting revenue across the Gulf.| The International Monetary Fund said the country worst-hit economically is Qatar, with a nearly 9% contraction to its economy this year due to a complete suspension

US war on Iran was a 'mistake', says Reeves

affected the "special relationship" between the two countries, Reeves said no, but added: "Friends are allowed to disagree". This week [the International Monetary Fund (IMF) warned](https://www.bbc.com/news/articles/c3v670qwz97o) that the US-Israel war with

Calls for humanitarian corridor through strait of Hormuz as Iran war hits vital aid

war on [Iran](https://www.theguardian.com/world/iran) is taking a toll on the most vulnerable people, by slowing or blocking food and medical aid from reaching them. Now aid organisations are calling for a “humanitarian corridor

Iran shifts economic focus to essentials during war uncertainty

Iran’s capital, life has returned to a kind of normal. Markets, cafes and shops are opening their doors, and some highways are buzzing with traffic once again as a fragile ceasefire with the United

Faisal Islam: Six things we now know about the UK economy in charts

Iran War, so it is interesting to compare the UK with the rest of the G7. It is currently the fastest growing of these major economies - while Japan has not yet reported, its growth figure

Lebanon’s economy struggles under renewed war and global fuel crisis

prices increasing globally due to the US-Israeli war on Iran, which has particularly affected fuel and other costs due to the closure of the Strait of Hormuz. Sami Zoughaib, an economist and research manager

Your next flight could be more expensive as jet fuel costs soar

war in Iran, a price increase even sharper than the spikes seen in gasoline and diesel. In response, airlines around the world are [cutting routes](https://www.aviacionline.com/english/commercial-aviation/europe/norse-atlantic-reports-record-trask-but-cuts-california-flights_a69df8301f677f0d145b49100), raising [fares](https://www.wsj.com/business/airlines/airline-flight-cost-jet-fuel-impact-6ade2e32), adding [fuel

Ebola, hantavirus: Is the world prepared for the next pandemic?

affected 22 research initiatives and clinical trials focused on emerging pathogens, pandemic flu, respiratory syncytial virus (RSV), and COVID-19 boosters, [according to](https://hsph.harvard.edu/news/slashing-of-funding-for-mrna-vaccine-development-raises-concern/) Harvard University’s TH Chan School of Public Health

Sheinbaum vows to ‘defend Mexicans at every level’ amid anger at Trump over migrant deaths

affected Mexico, which for years has shipped oil to Cuba. While Sheinbaum reluctantly paused oil shipments to Cuba, she has continued to challenge the Trump administration’s push for regime change. “Mexico has every right

Rising global costs threaten Mexico’s production costs and food stability

Iran war, and roadblocks set up by either criminal groups or protesters. In recent months, protests by farmers and truck drivers have caused major logistical delays. Protesters are demanding lower fuel costs and improved security