Middle East war: Global economic fallout
Middle East war: Global economic fallout

Here are the latest economic events in the Middle East war on Wednesday: IEA reserve proposal stabilises oil prices The International Energy Agency (IEA) has proposed its largest ever release of oil reserves to counter soaring crude prices driven by the US-Israeli war with Iran, the Wall...

Global economic order faces trade turbulence
Global economic order faces trade turbulence

Irans Islamic Revolutionary Guard Corps (IRGC) has announced the formal closure of the Strait of Hormuz one of the worlds main energy shipping routes in protest at what it described as threats to assassinate Irans Supreme Leader, Ayatollah Ali Khamenei. It also warned that any vessel attempting...