KATHMANDU: Oil prices rose sharply after Donald Trump announced a naval move targeting Iran. The decision came after ceasefire talks between the US and Iran collapsed over the weekend. The global benchmark Brent crude jumped more than 8 percent to…

KATHMANDU: China’s vehicle exports saw strong growth in March despite shipment disruptions caused by the Middle East crisis. According to the China Passenger Car Association, exports increased by 73.7 percent year-on-year to nearly 700,000 units, faster than the 54.1 percent…

KATHMANDU: The ongoing conflict involving Iran is beginning to affect the global automotive industry, with rising oil prices, disrupted shipping routes, and production adjustments already being reported. Industry analysts say the situation is evolving from a geopolitical issue into a…

KATHMANDU: Escalating tensions linked to the Iran-Israel conflict are beginning to affect global vehicle logistics, with shipments from Asia to the Middle East slowing down due to security concerns around the Strait of Hormuz. According to a report by Reuters,…

KATHMANDU: The U.S. Treasury has issued a temporary 30-day sanctions waiver allowing Indian refiners to purchase Russian crude oil that was already loaded onto ships and stranded at sea as of March 5, 2026. The waiver, announced by Treasury Secretary…