One month of war on Iran cost Arab countries up to $194bn: UNDP
Even if conflict is ‘short but intense’, countries like Sudan, Yemen, Lebanon will see major increases in poverty rates.
![A man walks on a street as Cuba's national electric grid collapsed for the second time in a week amid the US-imposed oil blockade, according to officials, as the communist government struggles to keep the lights on for about 10 million people with decrepit infrastructure, in Havana, Cuba on March 21, 2026. [Norlys Perez/Reuters]](/wp-content/uploads/2026/03/image-1774896935.jpg?resize=770%2C513&quality=80)
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EXPLAINER
Trump wants to ‘take Iran’s oil’: Can he, and what would that mean?
Donald Trump says US forces could seize Iran’s oil export hub at Kharg Island as the war enters its second month.
Australia to halve fuel tax as global energy crisis deepens
Prime Minister Anthony Albanese announces the tax cut as the price of crude oil tops $116 a barrel.
Oil tops $116 a barrel as Iran accuses US of preparing invasion
Crude prices continue to climb as world faces its biggest energy crisis in decades.
![A worker collects engine oil as he works at a degassing station in the Zubair oilfield near Basra, Iraq, on March 28, 2026 [Leo Correa/AP]](/wp-content/uploads/2026/03/AP26087465268697-1774828127.jpg?resize=770%2C513&quality=80)
From: NewsFeed
‘We can insure the ship, but we cannot insure a human life.’
International Maritime Organization chief Arsenio Dominguez warns of 20,000 seafarers stranded in the Strait of Hormuz.
Published On 29 Mar 2026
Pakistan maintains ‘delicate balancing act’ as it hosts Iran talks
Foreign ministers meet in Islamabad, seeking to de-escalate the US-Israel war on Iran.
Philippine transport strikers say Marcos Jr failing to control oil prices
Transport workers call on Philippines President Marcos Jr to focus on price caps and reining in oil companies.
US-Israel war on Iran: What’s happening on day 29 of attacks?
Tensions continue to rise with Iran warning a ‘heavy price’ will be paid after Israeli air attacks.
From: Inside Story
How important are the Gulf economies to the world?
Impact of US-Israeli war on Iran poses serious risks beyond energy sector.
Published On 27 Mar 2026
US diplomat Marco Rubio denounces settler violence, tolls in Hormuz strait
Rubio reiterated President Donald Trump’s call for other countries to participate in securing the Strait of Hormuz.
From: Counting the Cost
Is Europe heading to an energy crisis?
Europe is bracing for a supply crunch and a price shock as the Iran conflict drags on.
Published On 27 Mar 2026
