India Contracts Fertilizer at Nearly Double Pre-War Price

India, the world’s top importer of urea, has booked the nitrogen-based fertilizer at sharply higher prices than in a previous tender as the Middle East conflict disrupts supplies and pushes global benchmarks higher. Indian Potash Ltd., which imports the crop nutrient...

Pentagon Seeks $75 Billion for Drones in Record Budget Ask

The Pentagon’s largest-ever budget request earmarks $75 billion for drones and technologies to counter them, mainly for a massive increase for a little-known office working with US commandos to test and evaluate various systems, according to defense officials. The...

Oil Traders Warn of Recession Impact as Hormuz Hits Demand

The world’s top oil traders warned that the ongoing closure of the Strait of Hormuz is increasing the risk of a global recession as fuel demand takes a hit. The vital energy channel has been largely closed to non-Iranian shipping since war began at the end of...