May 11: Impact of US-Iran Conflict on International Economy, Financial Markets, and Livelihoods
The stalled US-Iran negotiations have heightened Middle East tensions, leading to a surge in international oil prices. In response, India will resume its work-from-home policy, and Sri Lanka has increased electricity prices by up to 18%. A poll also reveals that over half of US voters are dissatisfied with President Trump's handling of inflation and the economy.
📋 Article Processing Timeline
- 📰 Published: May 11, 2026 at 17:20
- 🔍 Collected: May 11, 2026 at 17:32 (11 min after Published)
- 🤖 AI Analyzed: May 11, 2026 at 20:17 (2h 45m after Collected)
US-Iran War Key News
Central News Agency
(Central News Agency, Taipei, 11th, comprehensive foreign report) US-Iran negotiations have stalled, and the tense situation in the Middle East has led to a sharp rise in international oil prices. To cope with the potential impact, India will resume its work-from-home policy. Sri Lanka's electricity prices will increase by up to 18% starting from the 11th, mainly due to the Middle East conflict pushing up thermal power generation costs.
The latest situation regarding the impact of the US-Iran conflict on the international economy, financial markets, and people's livelihoods is as follows:
India to resume work-from-home policy
Indian Prime Minister Narendra Modi stated that the work-from-home policy will be resumed and called for a reduction in non-essential international travel.
Oil prices surged sharply at the opening on the 11th after US President Donald Trump rejected Tehran's response to Washington's peace proposal, and Iran again threatened violent action in the Strait of Hormuz.
Hindustan Times reported on the 11th that Modi said at an event: "During the COVID-19 (2019 coronavirus disease) pandemic, we adopted work-from-home, online meetings, video conferences, and developed many similar systems, and we gradually got used to these methods. Now it's time to restart those practices, because it is in the national interest, and we must prioritize those methods again."
Sri Lanka to raise electricity prices from May 11
The Public Utilities Commission of Sri Lanka announced on the 10th that electricity prices will increase by up to 18% starting from the 11th, due to the Middle East conflict pushing up thermal power generation costs.
Agence France-Presse reported that users consuming more than 180 units (kilowatt-hours) per month will have to pay 18% more for electricity starting from the 11th; those consuming less than 180 units per month will not be affected.
The Public Utilities Commission of Sri Lanka stated in a statement: "This increase applies to industries, hotels, businesses, government agencies, and religious places with monthly electricity consumption exceeding 180 units."
This price hike comes after a 40% increase in electricity prices last month.
Qatar LNG tanker crosses Strait of Hormuz, first time since Iran conflict erupted
Shipping tracking information indicates that a Qatari liquefied natural gas (LNG) tanker crossed the Strait of Hormuz on the 10th, the first time since the US-Iran conflict erupted. The ship is expected to sail to Port Qasim, Pakistan.
Reuters reported that data from shipping tracking agency Kpler showed that the LNG tanker Al Kharaitiyat, operated by QatarEnergy, safely crossed the Strait of Hormuz and is currently sailing to Port Qasim, Pakistan.
Financial Times: Over half of US voters dissatisfied with Trump's handling of inflation and economic performance
According to a report by the British "Financial Times," a recent poll shows that over half of US voters are dissatisfied with President Trump's handling of inflation and the economy, indicating that tariffs and the Iran conflict are impacting the Republican midterm election prospects.
The national poll conducted last week by data research firm Focaldata found that more than half, nearly 58%, of registered voters said they were "strongly" or "somewhat" dissatisfied with the president's handling of inflation and the cost of living.
Slightly more than 50% said they were dissatisfied with the president's handling of employment and the economy, while a larger proportion, 55% of voters, said Trump's tariffs harmed the US economy. Only about a quarter of voters said the president's trade policies helped the economy.
The new Financial Times poll was released at a critical moment for the Trump administration, with only six months remaining until the midterm elections.
The Iran conflict has led to sharp increases in gasoline and other consumer prices, splitting Trump's "Make America Great Again" (MAGA) base; these supporters helped him win the White House in 2024 because of his promises to curb inflation and his "America First" policies. (Editor: Yang Zhao-yan) 1150511
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The text, images, and videos on this website may not be reproduced, publicly broadcast, publicly transmitted, or utilized without authorization.
Central News Agency
(Central News Agency, Taipei, 11th, comprehensive foreign report) US-Iran negotiations have stalled, and the tense situation in the Middle East has led to a sharp rise in international oil prices. To cope with the potential impact, India will resume its work-from-home policy. Sri Lanka's electricity prices will increase by up to 18% starting from the 11th, mainly due to the Middle East conflict pushing up thermal power generation costs.
The latest situation regarding the impact of the US-Iran conflict on the international economy, financial markets, and people's livelihoods is as follows:
India to resume work-from-home policy
Indian Prime Minister Narendra Modi stated that the work-from-home policy will be resumed and called for a reduction in non-essential international travel.
Oil prices surged sharply at the opening on the 11th after US President Donald Trump rejected Tehran's response to Washington's peace proposal, and Iran again threatened violent action in the Strait of Hormuz.
Hindustan Times reported on the 11th that Modi said at an event: "During the COVID-19 (2019 coronavirus disease) pandemic, we adopted work-from-home, online meetings, video conferences, and developed many similar systems, and we gradually got used to these methods. Now it's time to restart those practices, because it is in the national interest, and we must prioritize those methods again."
Sri Lanka to raise electricity prices from May 11
The Public Utilities Commission of Sri Lanka announced on the 10th that electricity prices will increase by up to 18% starting from the 11th, due to the Middle East conflict pushing up thermal power generation costs.
Agence France-Presse reported that users consuming more than 180 units (kilowatt-hours) per month will have to pay 18% more for electricity starting from the 11th; those consuming less than 180 units per month will not be affected.
The Public Utilities Commission of Sri Lanka stated in a statement: "This increase applies to industries, hotels, businesses, government agencies, and religious places with monthly electricity consumption exceeding 180 units."
This price hike comes after a 40% increase in electricity prices last month.
Qatar LNG tanker crosses Strait of Hormuz, first time since Iran conflict erupted
Shipping tracking information indicates that a Qatari liquefied natural gas (LNG) tanker crossed the Strait of Hormuz on the 10th, the first time since the US-Iran conflict erupted. The ship is expected to sail to Port Qasim, Pakistan.
Reuters reported that data from shipping tracking agency Kpler showed that the LNG tanker Al Kharaitiyat, operated by QatarEnergy, safely crossed the Strait of Hormuz and is currently sailing to Port Qasim, Pakistan.
Financial Times: Over half of US voters dissatisfied with Trump's handling of inflation and economic performance
According to a report by the British "Financial Times," a recent poll shows that over half of US voters are dissatisfied with President Trump's handling of inflation and the economy, indicating that tariffs and the Iran conflict are impacting the Republican midterm election prospects.
The national poll conducted last week by data research firm Focaldata found that more than half, nearly 58%, of registered voters said they were "strongly" or "somewhat" dissatisfied with the president's handling of inflation and the cost of living.
Slightly more than 50% said they were dissatisfied with the president's handling of employment and the economy, while a larger proportion, 55% of voters, said Trump's tariffs harmed the US economy. Only about a quarter of voters said the president's trade policies helped the economy.
The new Financial Times poll was released at a critical moment for the Trump administration, with only six months remaining until the midterm elections.
The Iran conflict has led to sharp increases in gasoline and other consumer prices, splitting Trump's "Make America Great Again" (MAGA) base; these supporters helped him win the White House in 2024 because of his promises to curb inflation and his "America First" policies. (Editor: Yang Zhao-yan) 1150511
Choose to stand with facts, every sponsorship you make is a force to protect press freedom.
Download the Central News Agency's "First-hand News" APP to stay updated with the latest news.
The text, images, and videos on this website may not be reproduced, publicly broadcast, publicly transmitted, or utilized without authorization.