Aggregate worldwide oil consumption is plummeting under the ​strain of the Iran war

The IEA said on Tuesday that the conflict is the worst energy crisis the world has faced

Both main oil contracts edged down, though they fluctuated in early trade

German investor morale slid to its lowest level in over three years in April, a survey showed Tuesday, as the Middle East war threatens to snuff out a tentative recovery in Europe’s top economy.

India’s fertiliser production plunged nearly a quarter in March, official data showed, after natural gas imports used in its manufacture were hit by the Middle East conflict.

Since assuming the top job in 2011, Tim Cook has excelled in making everything at tech giant Apple run smoothly. ​

A refund system for businesses that paid tariffs, which the US Supreme Court ruled President Donald Trump imposed without the constitutional authority to do so, launched Monday.

Australian high commissioner discusses bilateral trade with the minister

The conflict between Iran and the United States and Israel is creating the ​worst energy crisis ever faced by the ‌world, the head of the International Energy Agency (IEA) said on Tuesda

US Ambassador Brent T Christensen shared the information with commerce minister

Agriculture employs more than 45 percent of people in India, the world's most populous nation

Oil prices fell on Tuesday while most stocks rose on lingering hopes for a deal to end the US-Iran war

Indian officials called for the swift implementation of a proposed regional energy hub in Sri Lanka, at the start of bilateral talks in Colombo on Sunday.

A consistent theme in global oil markets since the US and Israel attacked Iran is that the effective closure of the Strait of Hormuz will be short-lived, and therefore so will the disruption to the supply of crude and refined products.

The American Apparel and Footwear Association (AAFA), along with several other organisations, has urged the United States Trade Representative (USTR), the US government’s chief trade body, not to impose any new tariffs on countries currently under investigation over production capacity.

The dollar index was at 98.30, hovering near its highest in a week

Brent crude futures LCOc1 rose about 6% to $95.36 a barrel. S&P 500 futures ESc1 fell around 0.6% and European futures STXEc1 fell 1.2%.

The safe-haven US dollar dropped ​to multi-week lows on Friday as risk appetite soared after Iran said the Strait of Hormuz is open, boosting optimism that the Middle East ‌conflict is winding down.

It will take about two years to recover the energy ​output lost in the Middle East from the ‌conflict there, Fatih Birol, the head of the International Energy Agency, was quoted as saying on Friday in an interview with ​the Neue Zuercher Zeitung newspaper.

Shipments of oil ​and gas that were already en route to their destinations before ‌the ⁠war in Iran began have now arrived, mitigating the impact of shortages