India faces US$22bil extra fossil-fuel import cost amid Hormuz energy shock: Report
NEW DELHI: India incurred an estimated US$22 billion in gross additional fossil-fuel import costs between March and August 2026 following the energy-price shock triggered by the Hormuz crisis, according to an analysis by the Centre for Research on Energy and Clean Air (CREA).
Japan to support alternative Mideast oil pipelines: media
TOKYO: Japan plans to provide support for alternative pipelines in the Middle East as it seeks to improve energy security in the wake of the Iran conflict, local media reported Wednesday (Aug 26).
Pakistan and Iran made 'significant progress' in talks on conflict, minister says
ISLAMABAD: Pakistan and Iran made "significant progress" in talks that focused on the US-Israeli war on Iran and a path to peace, Pakistan's interior minister said on Tuesday (Aug 25), at the end of a visit to Tehran.
Few signs of economy-wide distress, despite global situation
PETALING JAYA: Geopolitical risks stemming from the US-Iran conflict and oil price shocks may be driving more Malaysians to holiday closer to home, even as households remain financially squeezed; however, there are few signs of economy-wide distress, economists say.
Renewed tensions in Mideast could hit fertiliser supply
Malaysia is not faced with a fertiliser shortage but prices and supply can be affected with renewed tensions in the Middle East and changes in China's export policy, says the association involved.
New Zealand-led FIT trade partnership expands to 19 members
WELLINGTON: The Future of Investment and Trade (FIT) Partnership has expanded to 19 members less than a year after its launch, a senior New Zealand official said on Saturday (July 18).
‘Don’t deploy sailors on ships through Hormuz’
THE country has ordered shipowners, ship managers and recruitment companies not to deploy the country's seafarers on vessels undertaking trips through the Strait of Hormuz amid renewed fighting in the region.
Medication supply holds steady
PETALING JAYA: Malaysia's pharmaceutical supply remains stable despite uncertainty in the Strait of Hormuz, but industry players warn that prolonged disruptions could put pressure on costs and delivery timelines.
Japan’s Calbee to partially halt black-and-white packaging after Mideast situation
TOKYO: Calbee, Inc. announced Thursday (July 9) that the company would resume full colour printing on the front of packages for some of its products starting at the end of July. Some of the products included in the change are its potato chips and Kappa Ebisen shrimp-flavored snacks.
Afghan car trade screeches to a halt due to regional conflicts
SPIN BOLDAK, Afghanistan: In Afghanistan's southern Kandahar province, a once-thriving business of trading car parts from far-flung places has screeched to a halt due to conflicts at the country's borders.
