United Nations, Amid the crisis in West Asia, India has urged the early restoration of safe and unimpeded sea lanes in the Strait of Hormuz, while expressing concern for the safety of its seafarers and stressing that any “alleged closure” of the vital waterway would have a direct impact on the global economy. United Nations … Read more
According to the Washington Post, Washington, China and Iran have weaponized the global economy, pushing the United States into a corner by squeezing the global supply chain and leveraging commercial ties to gain strategic interests. China, Iran weaponize global economy to beat US at its own game: report The report cited China’s restrictions on exports … Read more
stock market The global economy was rocked on Monday by concerns about whether the global economy could withstand a surge in oil prices, which briefly rose to nearly $120 a barrel, the highest level since the summer four years ago. Global stock markets fell on Monday on concerns about rising oil prices, which are approaching … Read more