Economy

Press review: US blocks Hormuz Strait as Magyar win may reshape Russia-Hungary ties

Top stories from the Russian press on Tuesday, April 14th

Iran war could push 32 million into poverty worldwide due to oil and food supply shock, UN warns

The US-Israeli war against Iran could push 32 million into poverty as oil prices surge due to the Strait of Hormuz crisis, a UN report says

Russian senator sees ideal storm coming for EU in wake of Sunday’s election in Hungary

The anti-European economy 'diversified' to cater to the needs of the United States will only aggravate problems facing the unified Europe under pressure from the anti-Russian policy course, Konstantin Kosachev noted

IN BRIEF: Market reaction to US-announced blockade of Iran

Futures for Brent crude oil with June delivery on the London ICE exchange rose by more than 9%

OPEC Keeps Global Oil Demand Growth Forecast of 1.4 Mln Bpd in 2026

The forecast for demand growth in the second quarter of this year was revised downward for OECD and non-OECD countries

Trade turnover between Russia, Indonesia gains 12.5% last year

According to the Russian leader, the two countries' intergovernmental commission is actively working

Bank of Russia Catches PFL Advisors in Pump and Dump Scheme Using Telegram Channels

The investigation materials have been sent to law enforcement agencies.

Fuel protests in EU, UK only beginning

"Farmers will be the first wave, followed by industrial workers as deindustrialization accelerates," Kirill Dmitriev said

Agricultural crisis prompts panic among EU and British officials

Earlier, Kirill Dmitriev wrote that European farmers facing a shortage of fertilizers may not have enough patience, and will be the first to remind Kaja Kallas and Ursula von der Leyen of their strategic miscalculation

Three weeks of fuel, 170 million people: Inside Bangladesh’s worsening fuel shortage

As Hormuz shipping remains uncertain, Dhaka juggles rationing, early shop closures, and hybrid schooling to manage national energy use

Airplane ticket prices in Mozambique likely to rise as global fuel crisis deepens

Airlines face higher costs as jet fuel prices soar amid Middle East war, signaling potential fare hikes in Mozambique

EU energy crisis: diesel and jet fuel shortages drive prices higher, trigger protests

Diesel and jet fuel shortages are intensifying in the EU, triggering unrest and threatening the bloc’s economy