Asian economies should strengthen policy frameworks and focus on stabilisation measures as the ongoing conflict in the Middle East threatens the region's energy, trade, and financial resilience, according to Albert Park, Chief Economist of the Asian Development Bank (ADB).
Trump made the announcement in a post on his social media platform Truth Social, stating, "At least 100 Billion Dollars will be invested by BIG OIL, all of whom I will be meeting with today at The White House."
The resurgence of geopolitical tensions between the United States and Venezuela is unlikely to pose any significant risk to India's oil security or trade position, according to a research note by Bank of Baroda.