Geopolitical tensions in key shipping lanes drive crude prices higher amid fears of prolonged supply constraints. Crude oil prices extended gains as disruptions in the Strait of Hormuz and Red Sea worsened supply risks. The Strait of Hormuz remains effectively closed due t
Indian powerloom sector teams with AWARE to comply with EU digital product passport regulations for textile exports. India’s Powerloom Development and Export Promotion Council (PDEXCIL) has partnered with Amsterdam-based data firm AWARE to help domestic textile producers m
Wynn Resorts postpones its $5.1 billion Wynn Al Marjan Island resort launch due to regional disruptions linked to the Iran conflict. Wynn Resorts has delayed the opening of its $5.1 billion Wynn Al Marjan Island resort in the UAE from the original early 2027 target. The po
Following his meeting with Chinese Foreign Minister Wang Yi in Manila on Wednesday, United States (US) Secretary of State Marco Rubio said that “Iran is in a lot of trouble.” Additional quotes Nothing China has done has changed the trajectory of the conflict with Iran. In
Platform aggregates real-money trading odds on Senate and House races alongside polling and fundraising data for market insights. Kalshi has launched a Midterms Hub, providing real-time prediction market odds on U.S. Senate and House races. The tool visualizes trader expec
Escalating tensions between Iran and the US drive risk aversion as Tehran retaliates against recent US military actions. Iran’s military struck US facilities at Jordan’s Al Azraq base and Bahrain’s Sheikh Isa Air Base, state media reported. The attacks follow US strikes on
The impact of the war between the United States and Iran on oil-importing nations in Asia could last years or even decades because of these countries’ heavy dependence on those imports, energy analyst Vandana Hari of Vanda Insight has warned. “There is a growing dependency on...<
US imposes 50% tariffs on Canadian imports amid trade tensions The US has imposed additional 50% tariffs on a range of Canadian products. The move is in response to perceived discrimination against US products. Rising energy prices and trade wars may lead t
Generic drug imports face tariffs starting 2028 The US will impose a phased tariff schedule on generic drug imports. The tariffs will be zero for two years starting August 1, before increasing to 100% in August 2028. A further increase to 200% is planned fo
Oil prices rise as US-Iran conflict escalates Oil prices continued to climb in early Asian trade on Wednesday. The renewed hostilities between the United States and Iran showed no signs of slowing. Brent crude was trading at $92.44, up 1.57% on the session,
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