Crisis

01 Mar

Global Oil Shock: India Braces for $100 Crude as Hormuz Closure Ignites Energy Security Crisis

Gurpreet Singh0 CommentsBusiness, IndiaCrisis, Crude, Energy, Hormuz, India, Iran, Oil

New Delhi (Gurpreet Singh): The Indian economy is facing a critical strategic challenge as global oil prices surged nearly 10 per cent on Sunday, March 1, 2026, following a dramatic military escalation in West Asia. Brent crude jumped toward $80 a barrel in over-the-counter trading after joint US and Israeli strikes on Iranian leadership prompted Tehran to move toward shutting the Strait of Hormuz. This narrow maritime corridor is the primary artery for nearly one-fifth of global oil and gas supplies, and any prolonged blockage threatens to drive prices toward the $100 mark, significantly straining import-dependent nations. The crisis acquired…

28 Oct

Deepening Cost-of-Living Crisis: Alberta Among the Hardest Hit

Rajeev Sharma0 CommentsCanadaAlberta, Cost of Living, Crisis

Calgary (Rajeev Sharma): Canada is experiencing unprecedented levels of food insecurity, with food bank visits doubling compared to six years ago. According to new national data, nearly 2.2 million visits were recorded in a single month this year the highest ever reported.Food Banks Canada attributes the surge in demand to rising inflation, escalating housing costs, and wages that fail to keep pace with living expenses. The organization warns that food banks were never intended to replace the social safety net, and many are now struggling to meet the growing demand.The report reveals that one-third of all visits are made by…