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Iran war: Deal, no deal, on Tuesday — what happens next? How Hormuz shock could redefine energy, markets, and risk
The disruption of crude oil tanker and cargo traffic through the Strait of Hormuz did more than send oil prices sharply higher.It exposed a hard truth: the global economy — for all its digital sophistication, financial complexity, space and tech progress — still rests on physical corridors, pipes, ports, and sea lanes that can be blocked.What followed was not a typical supply shock: Oil did not vanish underground, refineries did not disappear.Instead, movement stopped. Insurance evaporated. Ris...
Opportunity inside uncertainty: A smarter approach to your finances
Financial uncertainty has a way of revealing exactly how prepared we are. And in his experience, most people are far less prepared than they think, not because they lack discipline, but because they lack visibility.Get updated faster and for FREE: Download the Gulf News app now - simply click here.The most common mistake in volatile times is reacting before understanding. Most people have no clear picture of their own financial position. Across the UAE, professionals are managing bank accounts,...
PM Shehbaz notes 'no energy crisis' in country despite oil disruptions
Prime Minister Shehbaz Sharif on Tuesday said that despite disruptions in oil supply due to regional tensions, no electricity crisis had emerged in the country owing to a significant share of renewable energy in electricity generation. The prime minister, while chairing a meeting regarding long-term energy planning and export strategy during the current international situation, directed authorities to expedite work on the Battery Energy Storage System project. “Solar energy and othe...
Air India CEO Campbell Wilson resigns amid mounting losses; successor to be named
The CEO and managing director of Air India, Campbell Wilson, has resigned, the airline announced on Tuesday, adding: "Air India Board has constituted a committee that will find the successor in the coming months.""Mr. Wilson had conveyed his intention to step down in 2026 to Air India Chairman N. Chandrasekaran in 2024 and, since then, has been working to ensure the organization and leadership team is on a stable footing for the transition. He will remain in the role until his successor is anno...
Rising gas prices are driving fresh interest in EVs — but affordability is a major barrier
ConsumerRising gas prices have sparked fresh interest in EVs — but affordability is a major barrierThe cost of fuel is putting a fresh focus on electric vehicles. But U.S. prices and China’s lead abroad complicate the math for consumers and automakers.Listen to this article with a free account00:0000:00An electric vehicle charges at an EVgo electric charger on March 30, in Monrovia, Calif. As gas prices surge amid the war in Iran, online automotive resource Edmunds reported a 22% increase in sea...
How the crisis in key waterway is affecting fuel supplies for different countries
Fears of fuel shortages have been sparked recently as the number of tankers passing through the Strait of Hormuz was reduced to a trickle amid threats from Iran, which experts say effectively controls the waterway.
Fuel protests in Ireland as slow moving convoys to cause chaos on roads
NewsWorldEuropeFuel protests in Ireland as slow moving convoys to cause chaos on roads Gardai warned the protest could lead to ‘significant’ traffic disruptionBairbre Holmes Tuesday 07 April 2026 09:53 BSTBookmarkCommentsGo to commentsBookmark popoverRemoved from bookmarksClose popover{"translations":{"comments":"Go to comments","share":"Share","copyLink":"Copy link","bookmark":"Bookmark","removeBookmark":"Remove bookmark"},"showComments":true,"showBookmark":true,"articleId":"b2952839","articleM...
تغییر حساب بانکی بازنشستگان نیروهای مسلح از سپه به تجارت پس از هک
بر اساس گزارش شهروندان، پس از بروز اختلالات اینترنتی و حملات سایبری به زیرساختها و نرمافزارهای بانک سپه، سپاه پاسداران برای برخی بازنشستگان نیروهای مسلح، بدون اطلاع قبلی به آنها و به شکل خودسرانه، حسابهایی در بانک تجارت افتتاح کرده است.
Japan's record $760 billion fiscal 2026 budget passes Upper House
Japan's fiscal 2026 budget was enacted Tuesday following its approval in the Upper House, with the total general account expenditures amounting to 122 trillion yen (about $760 billion), the largest ever, local media reported on Tuesday.
China’s PBOC Keeps Up Gold-Buying Spree as Iran War Dents Prices
China’s central bank scooped up more gold for its reserves in March, demonstrating that a key pillar of support for the precious metal remains intact even as prices come under pressure amid the Iran war.
Dollar and other Currency Rates in Pakistan Today- April 07, 2026
Karachi, April 07, 2026 – The State Bank of Pakistan (SBP) has published its latest Mark-to-Market (M2M) currency rates for authorized dealers, providing updated reference rates for foreign currency transactions against the Pakistani Rupee (PKR). Here’s a comprehensive breakdown of today’s key currency rates for traders, importers, exporters, and remittance senders. US Dollar (USD) at PKR 279.06 The US Dollar, Pakistan’s most traded foreign currency, is quoted at PKR 279.06 (r...
Lawmakers call for fuel subsidies, citing loss-making bus service amid oil price spike
A Hong Kong coach operator’s failed attempt to reduce its services was only the “tip of the iceberg” of cuts in bus rides amid rising fuel costs, lawmakers have warned, as they urged the government to quickly address soaring oil prices. Legislators on Tuesday also called on authorities to approve applications by non-franchised bus companies to increase fares, and to provide subsidies to cushion the effects of higher fuel prices caused by the war in the Middle East. Their appeals came after the.....
Luxury Palm Jumeirah apartment sold for Dh65.4 million
Dubai: A luxury off-plan apartment on Palm Jumeirah has been sold for Dh65.4 million, underlining continued strong demand for high-end property in the emirate despite wider regional tensions.Sign up for our daily business newsletter, Cheques & Balances.According to data from the Dubai Land Department’s Dubai REST platform, the apartment covers about 8,391 square feet (approximately 780 square metres), with an average price exceeding Dh7,797 per square foot, Emarat Al Youm reporte...
Oil prices top $110 after Trump says Iran can be ‘taken out’ in one night
Mixed stock market reaction to president’s comments, while IMF chief warns of inflation and slower growthBusiness live – latest updatesOil traded at more than $110 a barrel on Tuesday after Donald Trump said all of Iran could be “taken out” in one night.Brent crude, the international benchmark for oil prices, rose by 1% to $111 a barrel. New York light crude rose 2.6% to $115.3 a barrel. Continue reading...
Resident doctor strike cost tops £3bn as new strike begins
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Oil prices nudge higher amid caution ahead of Trump’s Iran deadline
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Trading Ban Upends Biggest Indian Bank’s $5 Billion Rupee Short
India’s biggest bank had about $5 billion of bets against the rupee that were impacted by the regulator’s crackdown on potential speculators, according to people with knowledge of the matter, roughly 20% of the total exposure.
Germany Power Prices Turn Deeply Negative on Renewables Surge
MarketsGermany Power Prices Turn Deeply Negative on Renewables SurgeFacebookXLinkedInEmailLinkGiftExpandRailway and tram electric cables in Berlin.Photographer: Krisztian Bocsi/BloombergFacebookXLinkedInEmailLinkGiftGift this articleContact us:Provide news feedback or report an errorConfidential tip?Send a tip to our reportersSite feedback:Take our SurveyNew WindowFacebookXLinkedInEmailLinkGiftBy Eva BrendelApril 7, 2026 at 7:55 AM UTCBookmarkSaveGermany’s power prices slid on Easter Monday as a...
Cross-border partnerships usher in new era of economic expansion across GCC
The unique convergence of innovation and dynamism is reshaping the growth story of Gulf Cooperation Council (GCC) economies as the focus shifts to strengthening non-oil sectors like tourism, renewable energy and technology. Cross-border industrial partnerships are leading this transformation, reflecting a shared vision to achieve economic diversification, attract global investments and build a sustainable future.Get updated faster and for FREE: Download the Gulf News app now - simply click here...
ING Scraps Agreement to Sell Its Russian Operations
MarketsING Scraps Agreement to Sell Its Russian OperationsFacebookXLinkedInEmailLinkGiftExpandThe headquarters of ING Groep NV in AmsterdamPhotographer: Lina Selg/BloombergFacebookXLinkedInEmailLinkGiftGift this articleContact us:Provide news feedback or report an errorConfidential tip?Send a tip to our reportersSite feedback:Take our SurveyNew WindowFacebookXLinkedInEmailLinkGiftBy Sarah JacobApril 7, 2026 at 7:53 AM UTCBookmarkSaveING Groep NV has ended an agreement to sell its Russian busines...