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Factbox-Energy facilities and shipping hit during US-Israeli war on Iran

Factbox-Energy facilities and shipping hit during US-Israeli war on Iran

April 7 (Reuters) - The U.S.-Israeli war on Iran and Tehran's retaliatory attacks on Gulf neighbours have damaged major energy facilities and disrupted shipping through the Strait of Hormuz, which handles about 20% of global oil and liquefied natural gas flows. U.S.

From falling U.S. wealth to Indian factory closures, oil shock raises global recession risk

From falling U.S. wealth to Indian factory closures, oil shock raises global recession risk

By Howard Schneider, Timothy Aeppel, Sarah McFarlane and Sumit Khanna SAN FRANCISCO/AHMEDABAD, India, April 7 (Reuters) - Kevin Kelly is in a tough spot.

World Bank says South Asia growth to slow to 6.3% in 2026 amid Middle East conflict

World Bank says South Asia growth to slow to 6.3% in 2026 amid Middle East conflict

By Manoj Kumar NEW DELHI, April 8 (Reuters) - South Asia's growth is expected to slow to 6.3% in 2026 from 7.0% in 2025 as the conflict in the Middle-East and disruptions in global energy markets weigh on the import-dependent region, the World Bank said on Wednesday.

Analysis-Why the bond market won't bounce back to pre-war levels

Analysis-Why the bond market won't bounce back to pre-war levels

By Tom Westbrook and Ankur Banerjee SINGAPORE, April 8 (Reuters) - Global bond markets may rebound but are unlikely to fully recover from the war-driven selloff because, even if there is peace, energy prices and inflation will run hotter for longer.

Shell prevé unos resultados del primer trimestre impulsados por los precios del petróleo

Shell prevé unos resultados del primer trimestre impulsados por los precios del petróleo

Shell, gigante británico de los hidrocarburos, anunció el miércoles que sus resultados del primer trimestre se beneficiarán de una clara mejora en las ventas de productos petrolíferos, en un contexto de precios favorecidos por la guerra en Oriente Medio.

Developing countries in Europe, Central Asia face slowdown, World Bank says

Developing countries in Europe, Central Asia face slowdown, World Bank says

By Jason Hovet April 8 (Reuters) - Emerging and developing economies in Europe and Central Asia face a sharp slowdown this year under a scenario of a large but temporary rise in energy prices from the conflict in the Middle East, the World Bank said on Wednesday.

Analysis-Soaring costs, fuel shortage fears drive Pakistan to electric motorbikes

Analysis-Soaring costs, fuel shortage fears drive Pakistan to electric motorbikes

By Ariba Shahid and Sudarshan Varadhan ISLAMABAD/SINGAPORE, April 7 (Reuters) - Days after Iran effectively blocked shipping through the Strait of Hormuz following the start of U.S. and Israeli attacks in late February, two Pakistani electric motorbike outlets 1,400 km (875 miles) away found

UN envoy plans to visit Iran as part of peace effort

UN envoy plans to visit Iran as part of peace effort

WASHINGTON, April 7 (Reuters) - A personal envoy of U.N. Secretary-General Antonio Guterres plans to visit Iran as part of his efforts to encourage an end to the Iran war, but his travel plans will depend on security and logistics, a U.N. source said.

China and Russia veto UN resolution on protecting Hormuz shipping

China and Russia veto UN resolution on protecting Hormuz shipping

By David Brunnstrom April 7 (Reuters) - China and Russia on Tuesday vetoed a U.N. resolution encouraging states to coordinate efforts to protect commercial shipping in the Strait of Hormuz, calling the measure biased against Iran, while Washington's ambassador to the world body called on "

Analysis-Trump's abrupt Iran reversal exposes limits of his leverage

Analysis-Trump's abrupt Iran reversal exposes limits of his leverage

By Matt Spetalnick, David Brunnstrom and Gram Slattery WASHINGTON, April 8 (Reuters) - Donald Trump's dramatic climbdown from his chilling threat to wipe out Iran's civilization has exposed the limits - and the rising risks - of the U.S. president's typically unpredictable negotiating style.

Oil prices extend gains as Trump sharpens rhetoric on Iran

Oil prices extend gains as Trump sharpens rhetoric on Iran

By Anmol Choubey BENGALURU, April 7 (Reuters) - Oil prices extended gains on Tuesday as U.S. President Donald Trump heightened his rhetoric against Iran, threatening stronger action if the country fails to reopen the Strait of Hormuz, a key global oil transit chokepoint.

India's services growth slows to 14-month low as Middle East war hits demand, PMI shows

India's services growth slows to 14-month low as Middle East war hits demand, PMI shows

BENGALURU, April 6 (Reuters) - India's services sector grew at its weakest pace in 14 months in March as the Middle East war dampened domestic demand, a survey showed on Monday, though overseas orders hit a near record while input cost pressures were at their most intense since mid-2022.