Economy

Toyota, Hyundai and Chinese automakers expected to be most impacted by Iran war

While regional sales will be impacted, the closing of the Strait of Hormuz and rising oil prices will have ripple effects across the global automotive industry.

UAE Mulls Freezing Iranian Assets as Middle East Conflict Escalates: WSJ

The UAE is considering freezing billions of dollars of Iranian assets held in the Gulf state, potentially severing one of Tehran's most critical economic lifelines.

Inside India newsletter: Energy, airlines and now over $50 billion in remittances to India at risk as Middle East conflict deepens

India can't seem to escape from the fallout of the escalating conflict in the Middle East. After energy and aviation, remittances could be the latest worry.

U.S. Offers India a 30-Day Waiver for Buying Russian Oil as Iran War Deepens Energy Supply Worries

U.S. has given India a waiver to buy Russian oil for 30 days as conflict in Middle East impacts global energy supply.

Trump wants U.S. Navy to escort tankers through the Gulf. Why that plan may not work

A backup of oil tankers in the Persian Gulf is disrupting supplies, and will only get worse the longer the Strait of Hormuz is closed.

Europe faces a 'massive' gas price shock from Iran war

The Iran war has sent oil and gas prices soaring, creating huge risks in Europe's key energy-intensive sectors.