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    Tag:Strait of Hormuz

    Finance and Economy

    UN News: Fears Grow Over Global Food Supply as Strait of Hormuz Disruptions Threaten Trade Routes

    As tensions persist, the world watches closely, aware that even minor escalations could have far-reaching consequences. The Strait of Hormuz, long recognised for its strategic importance in energy markets, is now emerging as a critical node in the global food supply chain.
    OWSA Staff -
    Finance and Economy

    Iran War Could Plunge 32 Million into Poverty, Warns United Nations

    In its policy brief released on Monday, the UNDP described the conflict as “development in reverse”, cautioning that even a fragile ceasefire may not prevent long-lasting economic damage.
    OWSA Staff -
    Energy

    IEA Boss Sounds Alarm on Historic Energy Crisis as War Damages 40+ Assets

    The world has faced oil shocks before. This one, Birol made clear, is different – deeper, wider and more dangerous. How governments respond in the coming weeks will determine whether the pain remains temporary or becomes a lasting scar on the global economy.
    OWSA Staff -
    Employment

    IMF Sounds Alarm: Middle East War Risks Fueling Global Inflation Spike

    The market’s verdict has been swift and unforgiving. Brent crude futures rocketed to $119.50 per barrel – the highest since mid-2022 – while West Texas Intermediate (WTI) hit $119.48, capping a blistering 25 per cent surge in days.
    OWSA Staff -

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    Bangladesh

    Deadly Monsoon Fury: Bangladesh Battles Widespread Flooding Crisis

    This 2026 event arrives after earlier haor region floods earlier in the year, underscoring recurring pressures. Migration to urban centres and climate adaptation efforts remain critical long-term challenges.
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    Finance and Economy

    Sri Lanka Targets Poverty Eradication: Aswesuma Programme Set for Phase-Out by 2030

    Launched in 2023 amid the aftermath of Sri Lanka’s unprecedented economic turmoil, Aswesuma represented a targeted overhaul of the country’s social protection system.
    Civil society

    Civil Society Rallies Behind Bengaluru Street Vendors: “Don’t Sacrifice Livelihoods for Footpaths”

    Street vendors embody the resilience of India’s informal economy. Their struggle highlights the need for policies that listen to the voices of the working poor rather than displacing them in the name of progress.

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    Bangladesh

    Deadly Monsoon Fury: Bangladesh Battles Widespread Flooding Crisis

    This 2026 event arrives after earlier haor region floods earlier in the year, underscoring recurring pressures. Migration to urban centres and climate adaptation efforts remain critical long-term challenges.
    Finance and Economy

    Sri Lanka Targets Poverty Eradication: Aswesuma Programme Set for Phase-Out by 2030

    Launched in 2023 amid the aftermath of Sri Lanka’s unprecedented economic turmoil, Aswesuma represented a targeted overhaul of the country’s social protection system.
    Bangladesh

    Bangladesh’s Development Finance Faces Existential Threat from Global Aid Squeeze

    The OECD report and discussions underscore that while challenges are severe, opportunities exist if Bangladesh acts decisively.
    Finance and Economy

    Sri Lanka Targets Poverty Eradication: Aswesuma Programme Set for Phase-Out by 2030

    Launched in 2023 amid the aftermath of Sri Lanka’s unprecedented economic turmoil, Aswesuma represented a targeted overhaul of the country’s social protection system.
    Health Policy

    WHO Calls for Urgent Action as New Cancer Cases are Projected to Nearly Double by 2050 

    The report notes substantial gains in key policy areas. Tobacco use has declined by 27 per cent since 2010, contributing to reductions in lung cancer cases and deaths in some regions.

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