Vast global flows of recycled petrodollars and investment capital from the Gulf are drying up. The Gulf states and Saudi Arabia have accumulated $6tn (£4.5tn) of assets in 11 different sovereign wealth funds.
Greece has enough fuel supplies for the next two months, but a prolonged Gulf crisis could increase crude costs and put added pressure on refinery reserves ... if the crisis in the Persian Gulf continues.
Nigeria . 7 seconds ago ... •Fund warns country’s limited fiscal space weakens response to food inflation shock ... He said ... He said ... He said ... She said ... So we are already seeing quite a bit of a pinch from the crisis on people, making life difficult,” he said ... .
She reiterated that the fund was coordinating closely with the International Energy Agency (IEA), the World Bank, and other partners, including at the regional level, to maximise a combined response in mitigating this crisis ... Gulf Coast and North Sea.
In response, the African Export-Import Bank has stepped in with a bold and timely intervention a $10 billion Gulf Crisis Response Program (GCRP) designed to stabilize African and Caribbean economies at a critical moment.
With large numbers of oil tankers remaining stuck in the Gulf, the US vice-president, JD Vance, blamed the collapse of the talks on Tehran’s refusal to abandon its nuclear weapons programme, while ...
Three weeks ago, I noted that the Gulf conflict had delivered Nigeria a windfall with a sting ... The crisis has deepened considerably ... The human cost of this crisis is being felt most acutely at the pump.
This includes AI-generated online videos circulating after the conflict that claimed the island faced a “devastating” energy supply crisis, according to an internal government memo reviewed by Reuters ...