Inflation in the United States rose sharply in March, government data showed Friday, as higher energy prices due to the war in the Middle East hit Americans hard.

LPG exports from the Middle East, Asia’s top supplier of the ‌fuel used for cooking and feedstock for petrochemical plants, have plunged since the US-Israeli war with Iran started in late February.

For the week, all three major US indices advanced by more than three percent

Gasoline prices surged by 21.2 percent between February and March

The International Monetary Fund expects to have to provide up to $50 billion in immediate financial assistance to countries affected by the Middle East war, its managing director said on Thursday, with the crisis likely to have lasting economic effects.

One day after warning of the end of Iranian civilization, Donald Trump has proclaimed “a big day for World Peace”.

The war in the Middle East could weigh on Bangladesh’s economy, disrupting output in key sectors, particularly the readymade garment (RMG) industry, according to a study by the South Asian Network on Economic Modelling (Sanem)

The Fund mission approved the latest tranche of its four-year $2.9 billion bailout provided officials restore cost recovery in energy pricing

Traffic through the Strait of Hormuz remained extremely limited on Wednesday

Equity markets across the globe soared and crude plunged Wednesday after US President Donald Trump announced the two-week halt in the war, and the Islamic republic said it would reopen the Strait of Hormuz as peace talks took place.

Pakistan’s solar power push has cushioned the full impact of the war in the Middle East, analysts said, despite lingering concerns over fuel supplies and rising prices.

The World Bank projects lower economic growth for Bangladesh in the current fiscal year, stating that 12 lakh poor people will remain below the poverty line mainly due to the impact of the US-Israel war on Iran.

Middle East stocks also rallied, with Dubai jumping 8.5 percent

The Dutch TTF natural gas contract slumped to 42.5 euros

At around 8:10 am (0610 GMT), dollar was trading at 1.17 euros

US President Donald Trump said he agreed to suspend bombing and attacks on Iran for two weeks and that a long-term peace agreement was in progress.

India has moved closer to producing its own nuclear fuel after a domestic-designed reactor began a controlled nuclear reaction, an important step before it can start generating power.

The world’s worst energy crisis, caused by the Middle East war, will accelerate the development of renewables, nuclear energy and electric vehicles, the head of the International Energy Agency has predicted.

Farmers around the world may be switching to less nutrient-hungry crops as the Iran war hits the supply ​of fertilisers, but in China, they’re sitting pretty with plenty of stock thanks to the country’s rather unique reliance on coal to ‌produce urea.

The Strait of Hormuz’s closure and the resulting surge in global oil prices have handed financial windfalls to Iran, Oman and Saudi Arabia, while other states that lack alternative shipment routes have lost billions of dollars, a Reuters analysis found.