Day: March 12, 2026
Inside India newsletter: How the war in the Middle East is set to determine India’s trade route to Europe
This report is from this week’s “Inside India” newsletter which brings you timely, insightful news and market commentary on the emerging powerhouse. Subscribe here. The big story India rarely ties its foreign policy to a single partner or bloc. But war has a way of forcing choices. The escalating U.S.–Israel war with Iran is now compelling […]
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A global food price shock looms as Middle East war rages on. Here’s who will be hit hardest
Mediterranean | E+ | Getty Images The Middle East conflict has disrupted trade through the Strait of Hormuz and its impact could ripple far beyond the energy markets, risking a spike in global food prices. The strait is not only a key artery for oil and gas shipments but also for fertilizers critical to global […]
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Plans for record emergency oil release signal Middle East war could drag on for months
In an aerial view, Marathon Petroleum Corp’s Los Angeles Refinery, one of the largest oil refineries in the North America, operates as gas prices rocket upward due to worldwide oil supply disruptions caused by the U.S. and Israeli attack on Iran, on March 10, 2026 in Carson, California. David McNew | Getty Images Plans to […]
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Asia-Pacific markets fall as Iran war continues to fuel oil volatility
Pump jacks operate in a field on March 11, 2026 in Gillett, Texas. Brandon Bell | Getty Images Asia-Pacific markets fell Thursday as investors grappled with volatile oil prices and escalating tensions in the Middle East, even after the U.S. and its allies announced an unprecedented emergency release of crude reserves to calm energy markets. […]
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Oil surges over 7% despite record reserve release announcement as markets doubt supply relief
A pump jack is seen at sunrise near Bakersfield, California October 14, 2014. Lucy Nicholson | Reuters Oil prices surged more than 7% Thursday, as traders appear to be unconvinced that government stockpiles can offset the massive supply shock triggered by the war in the Middle East. The West Texas Intermediate jumped 7.5% to $93.8 per […]
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CNBC Daily Open: Oil and trade tariff uncertainty rattle global markets
A vendor pumps petrol from Iranian fuel oil tankers for resale near the Bashmagh border crossing on March 11, 2026. The International Energy Agency said its member countries would unlock 400 million barrels of oil from their reserves to ease the impact of the Middle East war, the biggest such release ever. The crude market […]
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