Indian Prime Minister Narendra Modi will visit five countries, including the United Arab Emirates and several European states, from 15–20 May, as rising oil prices driven by the Middle East conflict puts pressure on India’s foreign reserves, the Foreign Ministry said.
Leaders of Southeast Asian nations gathered in the Philippines on 8 May for an ASEAN summit focused heavily on the economic fallout from the Middle East conflict, with member states seeking a coordinated response to rising energy and food security risks.
The U.S. military said it carried out retaliatory strikes against Iran on Thursday (7 May), as Iran’s military leadership accused Washington of violating a Pakistani-mediated ceasefire agreed to back in April.
Asian stocks surged to record highs on 7 May as investors priced in growing hopes of a potential Middle East peace deal, while oil prices eased and the U.S. dollar weakened amid shifting global risk sentiment.
A Pentagon official provided the first official estimate of the cost of the U.S. war in Iran on Wednesday (29 April), telling lawmakers that $25 billion had so far been spent on the conflict, most of it on munitions. Earlier, Donald Trump said that the U.S. had "militarily defeated" Tehran.
The president of the International Committee of the Red Cross (ICRC), Mirjana Spoljaric Egger, visited Tehran to address “urgent humanitarian concerns” following the U.S.–Israel war on Iran, according to an ICRC delegation statement.
The United Nations has said that at least 21 people have been executed in Iran and more than 4,000 arrested since the outbreak of war involving the United States and Israel on 28 February.
The decision by the United Arab Emirates to leave OPEC+ on 1 May has put renewed focus on one of the most influential groups in global energy - and how its decisions can shape oil prices worldwide.
China’s reaction to the latest tensions around Iran has been firm in tone but restrained in action. It has condemned strikes, called for dialogue and stepped up diplomacy but shown no sign of military involvement or appetite for escalation.
We live in an interconnected world where each international and regional crisis has far-reaching consequences. Every region, no matter how peripheral or small, can experience the repercussions of such geopolitical and geoeconomic pressures.
Iran’s Permanent Mission to the United Nations in New York strongly protested against U.S. and Israel targeting multiple civilian infrastructure related to communications and space centre facilities, and also urged regional countries to prevent their territory being used for "military aggression".
Pakistan is confident it can bring Iran to talks with the United States, a senior official said, citing “positive signals” from Tehran, as JD Vance is reportedly set to visit Islamabad on Tuesday for peace talks, according to Axios.
Iran accuses the United States of breaching a ceasefire after a commercial ship was seized in the Gulf of Oman, vowing retaliation, as Israel warns south Lebanon residents to avoid restricted areas.
European countries should expand the role of natural gas in their energy systems to reduce the risk of supply shocks caused by international crises, an energy industry chief has said.
Iran reopened the Strait of Hormuz to commercial shipping on Friday (17 April) for the first time since the U.S. and Israel killed Iran's ex-Supreme Leader in air strikes, triggering the Middle East conflict, at the end of February. A U.S. blockade on Iranian ports, however, remains in force.
U.S. President Donald Trump says Israeli and Lebanese leaders have agreed to a 10-day ceasefire that includes Hezbollah, raising cautious hopes of a pause in hostilities after weeks of escalating tensions.
Antalya is set to become the centre of global diplomacy this week as it hosts the fifth edition of the Antalya Diplomacy Forum (ADF), a major international gathering that brings together leaders, policymakers and thinkers from across the world.
South Korea will import 18 million barrels of Kazakh oil via routes bypassing the Strait of Hormuz, as it seeks to shield its energy supply from mounting instability in the Middle East.
A preliminary round of Lebanon-Israel talks has concluded in Washington, marking a tentative diplomatic step as regional tensions rise. The development comes as the United States launches a naval blockade of Iranian ports.
Donald Trump has warned that countries providing military weapons to Iran could face sweeping new tariffs, in a move that risks escalating economic tensions despite a recent ceasefire.
Lebanese President Joseph Aoun urged the world on Sunday to step in and help halt the ongoing war between Israel and Lebanon, warning that diplomacy is the only way to end the conflict and ease civilian suffering.
A new proposal to end hostilities between the United States and Iran could come into effect as soon as Monday, potentially reopening the vital Strait of Hormuz, a source familiar with the plan said on Monday.
Oil prices rose sharply on Monday as fears deepened over potential supply shortages caused by the ongoing conflict in the Middle East, unsettling global energy markets and the row over the Strait of Hormuz, raising concerns for consumers and businesses alike.
India has purchased crude oil from Iran for the first time in seven years, as supply disruptions in the Middle East threaten global energy markets.
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