America | DD News

April 8, 2026 10:56 PM

Wars impose deep and prolonged economic costs on countries, IMF research finds

Wars cause large and persistent economic losses in countries where fighting takes place, with output declining by roughly 7% over five years on average, and economic scars lasting for more than a decade, the International Monetary Fund said in research released on Wednesday. The IMF examined the cost of active conflicts - now at the highest levels since the end of World War Two - and the macroeconomic consequences of sharp increases in military spending in two chapters of its forthcoming World ...

April 8, 2026 8:35 PM

West Asia situation: Government assures energy security, citizen safety and supply stability

The Centre on Wednesday held an inter-ministerial briefing at the National Media Centre to update on the evolving situation in West Asia, outlining measures to ensure energy security, maintain supply chains, and safeguard Indian nationals in the region. Officials from multiple ministries, including Petroleum and Natural Gas, External Affairs, Coal, and Shipping, highlighted coordinated efforts to manage fuel availability, logistics, and citizen assistance amid geopolitical tensions. India Welc...

April 8, 2026 3:21 PM

India welcomes US-Iran ceasefire, hopes for lasting peace in West Asia

India on Wednesday welcomed the ceasefire agreement between the United States and Iran, expressing hope that the development would pave the way for lasting peace and stability in West Asia. The Ministry of External Affairs (MEA) said, "We welcome the ceasefire reached and hope that it will lead to a lasting peace in West Asia. As we have continuously advocated earlier, de-escalation, dialogue and diplomacy are essential to bring an early end to the ongoing conflict." "The conflict has already ...

April 7, 2026 10:55 PM

Fuel prices could keep rising for months even if Hormuz reopens, US EIA says

Fuel prices could keep rising for months even after the Strait of Hormuz reopens, the U.S. Energy Information Administration said on Tuesday, deviating from President Donald Trump's assurances that consumers will see immediate relief when the war with Iran ends. The U.S.-Israeli war with Iran, now in its second month, has sent oil and fuel prices skyrocketing around the world as Iran has blocked the Strait of Hormuz, a key trade chokepoint responsible for the transiting of one-fifth of the worl...

April 7, 2026 10:56 PM

‘A whole civilisation will die tonight’ says Trump as Iran defies looming deadline

U.S. President Donald Trump threatened that "a whole civilization will die tonight" as Iran showed no sign of accepting his ultimatum to open the Strait of Hormuz by Tuesday evening. Trump has given Iran until 8 p.m. in Washington - 3:30 a.m. in Tehran - to end its blockade of Gulf oil or see the U.S. destroy every bridge and power plant in Iran. Iran says it would retaliate against U.S. allies in the Gulf, whose desert cities would be uninhabitable without power or water. As the clock ticked ...

April 7, 2026 10:27 PM

Gunfight outside Israeli consulate in Istanbul leaves one attacker dead

One attacker was killed and two others were wounded in an extended gun battle with police outside the tower building housing the Israeli consulate in Istanbul on Tuesday. Footage showed the backpack-wearing attackers firing with automatic rifles and handguns, and police officers returning fire and seeking cover, as they manoeuvred among parked white police buses near a checkpoint. One body lay on the street. Shots rang out for at least 10 minutes among the glass towers in Turkey's main financi...

April 7, 2026 10:26 PM

Russia delays lunar missions as US marks historic flight

Russia has pushed back the launch of three moon missions, the Interfax news agency said on Tuesday, a setback to its ambitious lunar exploration programme as longtime space rival, the United States, celebrated an historic flight around the moon. The launches of Russian spacecraft Luna-28, Luna-29, and Luna-30 have been postponed to 2032–2036, Interfax quoted Russian Academy of Sciences Vice President Sergei Chernyshev as saying. It did not say when they had originally been slated to lift off...

April 7, 2026 10:23 PM

Russia says Middle East war disruption opens up new trade opportunities

Global supply disruptions caused by the war in the Middle East have opened up new trade opportunities for Russia, but price stability in the domestic market remains a priority, Russian Prime Minister Mikhail Mishustin said on Tuesday. Russia, the world's second-largest oil exporter, the largest wheat exporter, and a major producer and exporter of fertilisers, is seen by many experts as one of the main economic beneficiaries of the conflict. "For our country, the current situation - if we consi...

April 7, 2026 10:17 PM

Oil prices mixed; Brent flat, US crude up as Iran keeps Hormuz shut ahead of Trump deadline

Oil prices were mixed on Tuesday with Brent futures flat, while U.S. crude remains on track for its highest close since 2022, ahead of a deadline set by U.S. President Donald Trump for Iran to open the Strait of Hormuz or face attacks on power plants and other infrastructure. Brent futures fell 29 cents, or 0.3%, to $109.48 a barrel at 11.59 a.m. EDT (1559 GMT), while U.S. West Texas Intermediate crude rose $2.58, or 2.3%, to $114.99. Typically WTI trades at a discount to Brent, but this has r...

April 7, 2026 10:14 PM

US hits military targets on Iran’s Kharg Island, Vance says no change to strategy

U.S. strikes on Iran's Kharg Island do not represent a change in American strategy, U.S. Vice President JD Vance said on Tuesday as a U.S. official separately told Reuters the additional strikes on military targets did not impact oil infrastructure. The official, who spoke to Reuters on condition of anonymity, described at least some of the strikes as targeting sites that had been previously struck before and said the attack occurred in the early morning hours of Tuesday. Vance, speaking separ...