America’s Operation Epic Fury is now Operation Economic Fury. The US is targeting Iran’s cryptocurrency networks. This aims to stop Iran from moving money globally. Hundreds of millions of dollars in …
Pakistan opens up road trade routes into Iran amid Hormuz blockade
With shipping disrupted by US-Iran tensions, Islamabad activates overland corridor to move stranded cargo into Iran.
Bangladesh seeks LDC graduation deferment at UN hearing
Bangladesh cited gaps in readiness, incomplete core reforms, and economic fallouts from the Iran war as reasons for seeking an extension of the transition period for graduation from the least …
India’s weak currency reflects deeper problems than the Iran war
India’s currency lost around a tenth of its value against the dollar in the fiscal year to the end of March. The GDP rankings do not matter (beyond wounded pride). India, which is growing five times …
Japan’s factory output in surprise fall as Iran war takes toll on petroleum-based products
By Kantaro Komiya and Leika Kihara TOKYO, April 30 (Reuters) – Japan’s factory output unexpectedly fell in March as production tumbled for a range of chemical and petroleum-based goods, data showed on …
Pakistan opens land routes to Iran: How this move exposes Islamabad’s double-game with the US
Pakistan’s decision to open six overland trade routes to Iran amid a US naval blockade has raised questions about where Islamabad’s priorities lie. The move offers Tehran a critical economic lifeline …
Oil price rises above $120 after reports of ‘extended’ Iran blockade
Oil prices have climbed sharply following reports that the US is preparing for an ‘extended’ blockade of Iran. Brent crude rose to around $115 (£85) a barrel on Wednesday, having …
Pakistan facing major economic fallout due to Iran war, 2-year progress reversed: Shehbaz Sharif
Shehbaz said Pakistan’s oil import bill had surged from $300 million before the conflict to $800 million, placing additional pressure on the economy.
‘Pakistan double-deals America again’: Expert flags land routes allowing Iran to bypass US blockade
By granting Iran six overland routes to trade with Russia, China, and beyond, Pakistan has helped the Islamic Republic bypass the American blockade and double-crossed President Donald Trump, national …
US sanctions on China’s Hengli mark escalation in Iran oil crackdown
The U.S. Treasury imposed sanctions on China’s Hengli Petrochemical (Dalian) Refinery on Friday, accusing it of buying billions of dollars in Iranian oil, in a significant escalation of Washington’s …