IMF warns of global shock from Iran war
Washington, April 12 (IANS) The head of the International Monetary Fund has warned that the Iran war has triggered a “large” disrupting energy supplies and pushing up prices worldwide, with the impact expected to linger well into next year. Kristalina Georgieva, Managing Director of the IMF, said the scale and duration of the disruption would […]
Gulf council says members want to be involved in all Iran war talks
DUBAI(RAHNUMA): The Secretary-General of the Gulf Cooperation Council (GCC) on Thursday accused Iran of driving regional escalation and called for an immediate halt to attacks targeting energy infrastructure across the Gulf, while urging that Gulf states be included in any diplomatic efforts to resolve the crisis. In a series of statements, Jasem Mohamed Al-Budaiwi said […]
Raising diplomacy to end Iran war, UN chief appoints personal envoy
United Nations, March 25 (IANS) UN Secretary-General Antonio Guterres raised his diplomacy to end the Iran War, appointing a personal representative on Wednesday to support the mediation efforts. Guterres said he was hopeful that despite the differing positions of the sides in the conflict, “there will be a way in which they can come to […]
White House rebuts NCTC exit over Iran war claims
Washington, March 17 (IANS) The White House on Tuesday forcefully rejected claims by outgoing National Counterterrorism Center (NCTC) Director Joe Kent that Iran posed no imminent threat, even as his resignation marked the first high-level exit from the Trump administration in protest against the war. “There are many false claims in this letter, but let […]
DGCA eases FDTL norms for Air India amid airspace curbs due to Iran war
New Delhi, March 15 (IANS) The Directorate General of Civil Aviation (DGCA) has allowed temporary relaxations in flight duty norms to Air India for long-haul flights to Europe, USA, and Canada as the airline has been forced to take longer routes due to airspace restrictions on account of the Iran war which has adversely impacted […]
Oman postpones Muscat International Book Fair amid Iran war
LONDON(RAHNUMA): Oman has postponed the Muscat International Book Fair due to the Iran war and increased tensions in the Gulf region. Minister of Information Abdullah bin Nasser Al-Harrasi, who chairs the fair’s committee, said the event would be held at a later date, the Oman News Agency reported. The 30th edition of the fair was […]
India has sufficient stocks of oil, petroleum products amid Iran war
New Delhi, March 6 (IANS) India is currently placed in a comfortable position with sufficient stocks of crude oil, petroleum products such as petrol, diesel, and LPG, and the country’s oil companies are sourcing imports from countries outside the Gulf region to make up for the disruption in supplies due to the Iran war. “Today, […]
Qatar Energy Minister warns oil could touch $150 in weeks if Iran war continues
New Delhi, March 6 (IANS) Qatar’s Energy Minister Saad al-Kaabi has warned that war in the Middle East continuing for a “few days” could cause Gulf exporters declaring force majeure, halting deliveries, pushing oil to $150 a barrel and natural gas to $40 per MMBtu (Metric Million British Thermal Unit) within weeks. “Everybody that has […]
Damage to Israeli economy from Iran war could top $2.9 billion a week, ministry says
JERUSALEM(RAHNUMA): Damage to Israel’s economy from the air war with Iran could reach more than 9 billion shekels ($2.93 billion) a week, the Finance Ministry said on Wednesday. Under current “red” restrictions by Israel’s Home Front Command that limit traveling to work and school closings, along with callups to the reserves, economic loss is estimated […]
