Economy

Escalation on Middle East can lead to the biggest gas market crisis since 2022

As noted, 20% of global LNG supplies pass through the Strait of Hormuz, and after its closure, they were effectively blocked

Ukraine is committing a crime by blocking Druzhba amid strikes on Iran

The Hungarian prime minister assured that Budapest would not yield to pressure from Ukraine and would not make concessions

Oil prices to exceed $100 per barrel

The head of the Russian Direct Investment Fund earlier said that the closure of the Strait of Hormuz would not spare the US and would lead to to a "global oil shock"

South Africa's Economic Growth Forecast to Reach 2% by 2028

South Africa's National Treasury has said the country's economic growth is largely driven by post-pandemic recovery.

Kiev still fails to set date for restart of Druzhba oil supplies

Hungary’s Foreign Affairs and Trade Minister Peter Szijjarto believes that Kiev wants to create an emergency situation in Hungary in the run-up to the elections

IMF approves $8.1 billion loan for Kiev

The International Monetary Fund has greenlighted a $8.1 billion loan for Ukraine that faces a major budget deficit this year