Economy

Tehran (AFP) - Iran's Revolutionary Guards warned Tuesday they would retaliate against leading US tech firms such as Google, Meta...

EU says ‘necessary’ to reduce fuel demand to cope with energy crisis

by Thomas Barnes

Brussels (Belgium) (AFP) - The EU urged member states Tuesday to try to push down domestic demand for fuel and...

US consumers’ inflation expectations surge on Mideast war

Washington (United States) (AFP) - Inflation expectations among US consumers surged in March to levels last seen around seven months...

Israel weathers energy shock from Iran war even as world battles crisis

Jerusalem (AFP) - Iran's chokehold on the Strait of Hormuz has thrown the global economic system into turmoil, yet Israel,...

Indonesia rations fuel as prices soar over Mideast war

by Andrew Murphy

Jakarta (AFP) - Indonesia on Tuesday announced fuel rationing and mandated work from home for civil servants as it seeks...

Iran defiant as Trump threatens to destroy oil island

by Natalie Fisher

Tehran (AFP) - Iran fired new missiles early Tuesday as it vowed defiance against US President Donald Trump, who threatened...

Trump threatens to destroy Iran oil island despite claims of talks

Washington (United States) (AFP) - US President Donald Trump threatened Monday to destroy Iran's key oil export hub of Kharg...

What could Trump achieve by threatening Iran’s Kharg Island?

by Emma Reilly

Paris (France) (AFP) - A scrubby island in the Gulf that is roughly one third the size of Manhattan, Kharg...

G7 ministers tackle economic fallout of Mideast war