Wars often show a clear economic contradiction. Huge amounts of money are spent on military operations, while many basic development needs in the world remain underfunded. The current conflict is a clear example. The cost of direct military operations is estimated at about two billion dollars every»»»

BAGHDAD — Iraq's economy depends almost entirely on its crude oil sales, now seriously threatened by the Middle East war with Iran choking the crucial Strait of Hormuz.Oil exports and production have nearly come to a standstill with the waterway all but shut by Iran's attacks and threats against sh»»»

Capitals, March 14 (SANA) – The economic fallout from the ongoing U.S.-Israeli–Iranian war is increasingly spilling into global energy markets, raising concerns about oil supply disruptions, shipping security, and rising fuel prices worldwide. The conflict, now entering its third week, has placed t»»»

Approached by journalists here on Saturday, former president Rumen Radev (2017-2026) said that Bulgaria must support all initiatives aimed at preventing and resolving conflicts, but this must be based on a clear analysis of the country's responsibilities and commitments, and above all on internatio»»»

DOHA: Fitch Ratings has reaffirmed the sovereign credit rating of Qatar at ‘AA’ with a stable outlook, highlighting the country’s strong financial position, high national income, and promising long-term growth prospects driven by expanding liquefied natural gas (LNG) production. The rating reflects»»»

Two weeks after the US and Israel attacked Iran, prompting Tehran to block the Strait of Hormuz, US President Donald Trump on Saturday urged France, Britain, China, Japan and South Korea to help secure the shipping lane through which 20% of global oil and gas travels. Iranian strikes hit the US emb»»»

Lithuanian start-up Saltz has raised EUR 20 mln in a Series A funding round to expand its online platform for wholesale food trade. The investors include the European Bank for Reconstruction and Development, venture funds such as Inovo VC, which invested EUR 7 mln, as well as Lifeline Ventures and »»»

Cuba's government says it has been holding talks with the US - confirming ongoing speculation - as officials try to find a way forward amidst a severe energy crisis. President Donald Trump has made no secret of his desire to see the island nation's leadership change. Details by Catherine Viette.»»»

Manila: The Philippines is accelerating one of its most ambitious energy transitions yet. It involves two additional multi-billion-dollar pumped-storage hydropower projects (PSHP). As of Friday (March 13), funding has been reportedly secured for the twin PSHPs, which could help bolster the Asian co»»»

As Israel has ramped up attacks on south Lebanon it has called for residents to evacuate – but some in the Hezbollah stronghold of Tyre are refusing to leave their homes and businesses despite the danger. As fierce fighting continues in southern Lebanon, Israel has issued mass evacua»»»

Explosions rocked cities across the Middle East on Saturday as the US embassy in Baghdad was hit by a drone strike and Tehran warned Emiratis to stay away from ports as it targets the world's energy supply lines. Details by Caroline Baum.»»»

Dubai: Two weeks after launching a war against Iran that was meant to be swift and decisive, US President Donald Trump is grappling with an escalating conflict, global economic shock and growing questions about Washington’s strategy. What the White House initially envisioned as a focused military c»»»

In recent days, questions have circulated widely in economic circles and among the Egyptian public about the state of the economy, particularly after inflation rose in February and fuel prices were increased recently, and what these developments may mean for the exchange rate and interest rates. Da»»»

The US has bombed military installations on Iran’s critical Kharg island that is responsible for more than 90% of Iran’s oil exports and is moving thousands of troops into the Gulf in preparation for a possible ground invasion to take control of the Straits of Hormuz. »»»

The US has bombed military installations on Iran’s critical Kharg island that is responsible for more than 90% of Iran’s oil exports and is moving thousands of troops into the Gulf in preparation for a possible ground invasion to take control of the Straits of Hormuz. »»»

The US has bombed military installations on Iran’s critical Kharg island that is responsible for more than 90% of Iran’s oil exports and is moving thousands of troops into the Gulf in preparation for a possible ground invasion to take control of the Straits of Hormuz. »»»

The US has bombed military installations on Iran’s critical Kharg island that is responsible for more than 90% of Iran’s oil exports and is moving thousands of troops into the Gulf in preparation for a possible ground invasion to take control of the Straits of Hormuz. »»»

The US has bombed military installations on Iran’s critical Kharg island that is responsible for more than 90% of Iran’s oil exports and is moving thousands of troops into the Gulf in preparation for a possible ground invasion to take control of the Straits of Hormuz. »»»

The US has bombed military installations on Iran’s critical Kharg island that is responsible for more than 90% of Iran’s oil exports and is moving thousands of troops into the Gulf in preparation for a possible ground invasion to take control of the Straits of Hormuz. »»»

The US has bombed military installations on Iran’s critical Kharg island that is responsible for more than 90% of Iran’s oil exports and is moving thousands of troops into the Gulf in preparation for a possible ground invasion to take control of the Straits of Hormuz. »»»

The US has bombed military installations on Iran’s critical Kharg island that is responsible for more than 90% of Iran’s oil exports and is moving thousands of troops into the Gulf in preparation for a possible ground invasion to take control of the Straits of Hormuz. »»»

The US has bombed military installations on Iran’s critical Kharg island that is responsible for more than 90% of Iran’s oil exports and is moving thousands of troops into the Gulf in preparation for a possible ground invasion to take control of the Straits of Hormuz. »»»

Ukrainian experts inspect a shell crater at the site of a Russian strike in Brovary near Kyiv, Ukraine, on Saturday amid the Russian invasion. Photo by Sergey Dolzhenko/EPA March 14 (UPI) -- Russian attacks on Kyiv overnight left at least four people dead and 15 injured, Ukrainian President Volodym»»»

Nine years have passed since the royal decree issued by the Custodian of the Two Holy Mosques, King Salman bin Abdulaziz, appointing Prince Mohammed bin Salman as crown prince. The prince’s presence in a leadership role that reflects the pulse and ambitions of Saudi youth, alongside the guidance of»»»

Oslo:Already the continent's biggest single supplier of natural gas since Russia invaded Ukraine, Norway is hoping to use the Middle East war to get European Union blessing to drill in the Arctic. The European Commission is revising its Arctic strategy, which has since 2021 committed the EU to work»»»

Some observers of the current EU ‘elites’, including this author, used to believe that their defining feature – apart from things such as complicity in genocide and wars of aggression with Israel and the US, bigoted xenophobia about Russia and China, and, of course, pervasive corruption – was an ab»»»

Cuban President Miguel Diaz-Canel has confirmed that officials in Havana are holding talks with the administration of US President Donald Trump, as the island grapples with a deepening energy crisis and widespread blackouts. The contacts come amid mounting economic pressure on the Caribbean nation,»»»

The launch of US-Israeli airstrikes against Iran on 28 February led to a response by the Islamic Republic that has drawn in more than a dozen countries. Less than a week into the conflict, Azerbaijan became one of them. Iran and Azerbaijan share a border, and Azerbaijan has good relations with the »»»

Quito: The United States and Ecuador have agreed to reduce tariff rates between the two nations, officials said, as countries seek to navigate US President Donald Trump's sweeping tariff campaign. The agreement was signed on Friday in Washington by US Trade Representative Jamieson Greer and Ecuador»»»

Russia hammered Ukraine with missiles and drones overnight, killing four people and causing damage across five regions of the country, Ukrainian officials said on Saturday. The main target was energy infrastructure outside the capital Kyiv, President Volodymyr Zelenskiy said, adding that residentia»»»

Already the continent's biggest single supplier of natural gas since Russia invaded Ukraine, Norway is hoping to use the Middle East war to get European Union blessing to drill in the Arctic. The European Commission is revising its Arctic strategy, which has since 2021 committed the EU to work towa»»»

MOSCOW (Sputnik) - Kirill Dmitriev, the head of the Russian Direct Investment Fund (RDIF) and Russian special presidential envoy for economic cooperation with foreign countries, on Saturday recommended that the European Union's leaders study a video by US economist Jeffrey Sachs to recognize their »»»

Donald Trump has said the US military has bombed a small island off the coast of Iran - home to a major oil terminal that is considered the country's economic lifeline. The US president said Kharg Island's military facilities were "totally obliterated" but that it had held off targeting its oil inf»»»

Dubai: Smoke was rising from the direction of a major UAE energy installation on Saturday, in what appeared to be the latest strike targeting the Gulf's petroleum facilities -- hours after the US struck Iran's Kharg Island oil hub. Clouds of dark black smoke were seen coming from Fujairah, which is»»»

Iran threatened Saturday to reduce U.S.-linked oil facilities to "a pile of ashes" as the two-week-old Middle East war spilled over into a global oil price crisis. Iranian armed forces issued the warning after U.S. President Donald Trump said he may decide to "wipe out" Iran's largest oil export hu»»»

Dubai: The Philippines has ordered a reduction in airport charges in a bid to ease the burden of passengers as jet fuel prices surge due to tensions in the Middle East. According to Giovanni Lopez, the country’s acting transportation secretary, he has directed the Civil Aviation Authority of the Ph»»»

The Russian Army launched a massive strike on facilities of the military-industrial complex and energy infrastructure of Ukraine, as well as on its military airfields, the Russian Ministry of Defense stated. "Tonight, in response to the terrorist attacks by Ukraine on civilian facilities on the ter»»»

Doha, Qatar: Qatar National Bank (QNB) said that Germany's macroeconomic outlook is improving, supported by fiscal expansion, an emerging recovery in manufacturing and more accommodative monetary conditions. While structural obstacles remain, the policy shift should mark the beginning of a better g»»»

The night of February 28-March 1, 2026, will be remembered by all those who followed the news in real time. At 1:15 AM EST, seated in the White House Situation Room, US President Donald Trump said, “Operation Epic Fury is approved. No aborts. Good luck.” Those nine words signaled the launch of the »»»

Oslo: Already the continent's biggest single supplier of natural gas since Russia invaded Ukraine, Norway is hoping to use the Middle East war to get European Union blessing to drill in the Arctic. The European Commission is revising its Arctic strategy, which has since 2021 committed the EU to wor»»»

The United States has eased some restrictions on Russian oil, letting shipments already at sea continue until early April in the aim of calming global markets amid Iran’s blockade of the Strait of Hormuz. Ukraine and European leaders criticised the move, saying it undermined peace efforts. The Unit»»»

Tunis, March 14 (TAP) - The National Agency for Energy Conservation (ANME) announced the opening of applications for the best journalistic work competition for 2026.Held under the theme "Rationalisation of energy consumption and promotion of...»»»

Caretaker Energy Minister Traicho Traikov met with the US Chargé d’Affaires in Bulgaria, H. Martin McDowell, to discuss current issues in bilateral energy cooperation and the impact of global geopolitical tensions on energy markets, the Ministry of Energy said here on Saturday. A key focus of the t»»»

British energy major BP has received approval from the Trump administration to advance its Kaskida project in the Gulf of Mexico, a company spokesperson told Reuters in an emailed statement late ⁠on Friday. The $5 billion ⁠investment would unlock 10 billion barrels of resources that BP has discover»»»

A long-running dispute about the origin of a North Sea crater has finally been settled, as new research finds a massive asteroid hit the water and triggered a towering tsunami millions of years ago. Scientists have found that the Silverpit Crater – which lies around 700 meters beneath the southern »»»

Heavy dependence on Middle Eastern oil leaves Asia vulnerable to sustained supply shocks. While inflation risks remain largely manageable at the moment given a low starting point, higher import bills will result in weaker trade balances with some currencies like PHP, THB, INR and KRW more vulnerabl»»»

Heavy dependence on Middle Eastern oil leaves Asia vulnerable to sustained supply shocks. While inflation risks remain largely manageable at the moment given a low starting point, higher import bills will result in weaker trade balances with some currencies like PHP, THB, INR and KRW more vulnerabl»»»

The US is relocating parts of a missile defence system installed in South Korea to the Middle East, according to officials cited by the Washington Post and South Korean media. The reported move comes almost two weeks into »»»

Heavy dependence on Middle Eastern oil leaves Asia vulnerable to sustained supply shocks. While inflation risks remain largely manageable at the moment given a low starting point, higher import bills will result in weaker trade balances with some currencies like PHP, THB, INR and KRW more vulnerabl»»»

Heavy dependence on Middle Eastern oil leaves Asia vulnerable to sustained supply shocks. While inflation risks remain largely manageable at the moment given a low starting point, higher import bills will result in weaker trade balances with some currencies like PHP, THB, INR and KRW more vulnerabl»»»