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Searched Tag: asian economies
Asian economies take hit as crude nears $100 mark

Asian economies take hit as crude nears $100 mark

July 24, 2026, 10:01 AM - 2 min read

Oil prices were on track for strong weekly gains after Houthi strikes on Red Sea oil tankers raised fears over the possible closure of another key maritime route.

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Middle East turmoil: India faces inflation risks, says Moody’s

Middle East turmoil: India faces inflation risks, says Moody’s

March 6, 2026, 07:11 PM - 3 min read

India currently imports around 46 per cent of its oil and natural gas requirements from the Middle East. Supplies have been affected as the expanding conflict in West Asia has led to disruptions in the Strait of Hormuz, a crucial route used for exporting crude oil and LNG from the region.

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