French Prime Minister <strong>Sébastien Lecornu</strong> revealed in a message to his ministers that the ongoing crisis in the Middle East could lead to losses for France amounting to at least <strong>€6 billion</strong>. This figure includes <strong>€4 billion</strong> for the government and <strong>€2 billion</strong> for social security.
The Reserve Bank of India has decided to maintain interest rates in its first decision since the onset of the Middle East crisis, aiming to support economic growth amidst a sharp decline in the Indian rupee's value. This decision comes at a critical time as the Indian economy faces significant challenges.
In response to declining urea supplies due to tensions in the Middle East, India has announced a global tender to import <strong>2.5 million tons</strong> of this vital material. The tender, issued by the Indian Potash Company, will remain open until <strong>April 15</strong>.
Malaysian Prime Minister <strong>Anwar Ibrahim</strong> outlined his government's initiatives to tackle crises stemming from the Middle East conflict during the <strong>Madani Rakyat</strong> program in <strong>Perak</strong>. He emphasized Malaysia's steadfast stance against Israeli and American aggressions.
The significant increase in fuel prices due to the Middle East crisis has led to an unexpected shift towards electric vehicles in China. With oil prices surpassing <strong>$110</strong> per barrel, consumers are turning to battery-operated cars to avoid rising fuel costs.
Fatih Birol, head of the International Energy Agency, stated that the ongoing crisis in the Middle East represents the greatest threat to global energy security in history. He noted that its impact is worse than the oil crises of the 1970s and the Russian-Ukrainian war.