Middle East Conflict Strains Global Energy and Impacts Economies

Middle East Conflict Strains Global Energy and Impacts Economies

The heads of key international organizations including the International Energy Agency, International Monetary Fund, World Bank, and World Trade Organization have raised alarms about the Middle East conflict’s impact on global energy supplies and economies. The ongoing U.S.-Israel war on Iran has caused significant disruptions in trade and financial markets, disproportionately affecting vulnerable economies worldwide….

Read More
Iran’s active role in Eurasian bloc reflects its strong commitment to development: President

Iran’s active role in Eurasian bloc reflects its strong commitment to development: President

Iranian President Masoud Pezeshkian says the Islamic Republic’s active participation in high-level meetings of the Eurasian Economic Union (EAEU) demonstrates Tehran’s determination to expand trade and economic relations with all five member states and observer countries. In a message to the meeting of the Supreme Eurasian Economic Council on Friday, Pezeshkian said Iran has remained…

Read More
Airfares to Rise Again as US-Israel-Iran War Drives Jet Fuel Prices Up 121% and Squeezes Middle East Travelers

Airfares to Rise Again as US-Israel-Iran War Drives Jet Fuel Prices Up 121% and Squeezes Middle East Travelers

Passenger demand plummets Middle Eastern airlines experienced a 46.6 per cent year-on-year drop in passenger demand in April 2026. This collapse in the Middle East also dragged the entire global passenger market down into a 3.4 per cent contraction. However, there seems to be a silver lining. The numbers also mark a noticeable improvement from…

Read More
Current War Crisis and Transportation Challenges

Current War Crisis and Transportation Challenges

The ongoing geopolitical conflicts across several regions of the world, particularly the escalating tensions in the Middle East and the continued Russia-Ukraine conflict, are creating major disruptions to global transportation and supply chain networks. These crises are affecting shipping routes, fuel prices, airline operations, freight costs, and international trade, placing enormous pressure…

Read More
Kazakhstan, Russia transport trade reaches 92 mln tons in 2025 – Tokayev

Kazakhstan, Russia transport trade reaches 92 mln tons in 2025 – Tokayev

ASTANA, Kazakhstan, May 28. Bilateral freight transportation between Kazakhstan and Russia reached 92 million tons in 2025, marking an increase of nearly 3.5% year-on-year, Kazakhstan’s President Kassym-Jomart Tokayev said, Trend reports via the Kazakh government. Tokayev emphasized that energy cooperation has become one of the most successful areas of partnership between the two countries, alongside…

Read More
Spain Becomes the First EU Country to Enforce Trade Ban on Israeli Settlements

Spain Becomes the First EU Country to Enforce Trade Ban on Israeli Settlements

The Spanish government has implemented the first operational ban within the European Union on imports originating from named Israeli settlements, moving to enforce what much of Europe has long only stated. Spain is turning a long standing EU position that settlements are illegal under international law into an enforceable trade restriction establishing that Israeli settlements…

Read More