Headlines

Shipping giant MSC halts Gulf exports amid war risks

Global shipping giant MSC announced Monday it was formally halting certain export shipments from the Gulf because of the Middle East war and that "all affected cargo will be discharged". "In light of the ongoing and exceptional security situation in the Middle East... it is

War in the Middle East: economic impact around the world

Here are the latest economic events in the Middle East war on Monday: - Markets - - Oil prices shot around 30 percent higher in Asian trading. The main international oil contract, Brent crude, is currently up roughly 41 percent from just before the outbreak of the war and up

Trump's limited options to curb Iran war oil price surge

US President Donald Trump is under pressure to curb oil prices sent skyrocketing by the war with Iran, but has only limited tools to fix a problem that is shaking the world economy and is politically toxic at home. Trump has insisted it will be only a "short-term" issue that

Joy of Ramadan sapped by destruction of Middle East war

For Muslims across the world, Ramadan is synonymous with prayer, spirituality and joyful nighttime gatherings, but across much of the Middle East, the Iran war means evenings no longer have anything festive about them. The celebrations that usually accompany the holy fasting

France to host G7 finance meeting on Mideast

France will host a video meeting of G7 finance ministers on the Middle East crisis on Monday, as the war fuels fears for the global economy. The French finance ministry said in a statement the meeting at 1:30 pm (1230 GMT) would "review the situation in the Gulf from an

Europe now world's biggest arms importer, think tank says

STOCKHOLM, March 9 (Reuters) - Europe became the world's biggest arms importer over the last five years as governments reacted to Russia's threat and waning confidence in U.S. security commitments, data from the Stockholm International Peace Research Institute showed on Monday.