Soaring prices dampen festive air of Eid al-Adha in Mideast

Jul 09, 2022

Tunis [Tunisia], July 9 (ANI/Xinhua): Soaring commodity prices across the Middle East have spoiled the festive mood for Muslims in Tunisia, Lebanon, Palestine, Yemen,...

Commodity prices outlook would darken quickly if conflict in Middle East escalates: World Bank Report

Oct 30, 2023

The global economy is in a much better position than it was in the 1970s to cope with a major oil-price shock but an...

Middle East turmoil, soaring material costs push China's textile sector to the brink

Apr 12, 2026

Soaring raw material costs and the Middle East conflict are pushing textile manufacturers in eastern China toward closure. The closure of the Strait of...

UK weighing deployment of thousands of "Octopus" interceptor drones to Middle East to counter Iranian threats: Report

Mar 15, 2026

British Prime Minister Keir Starmer is reportedly considering sending thousands of "Octopus" interceptor drones to the Middle East to counter Iranian threats. Concurrently, US...

Global commodity markets brace for potential 'Dual Shock' from Middle East conflict: World Bank

Oct 31, 2023

While the global economy is in a more resilient state than in the 1970s to manage a significant oil price shock, the compounding impacts...

India urgently expands oil storage amid mounting geopolitical risks

Jan 04, 2024

According to S&P Global Commodity Insights, the move is prompted by India's vulnerability to disruptions in the energy supply chain, especially in critical regions...