Smoke rising from an area near the Dubai International Airport is seen through the windshield of a vehicle, after a drone attack hit a fuel tank, according to Dubai autho …
Rubio tells US diplomats to push allies to blacklist Iran’s Revolutionary Guards and Hezbollah
By Humeyra Pamuk WASHINGTON, March 16 (Reuters) – President Donald Trump’s administration on Monday urged U.S. diplomats abroad to push allies to designate Iran’s Islamic Revolutionary Guard Corps and …
Hong Kong to see oil shocks and volatility from Middle East war
[HONG KONG] Hong Kong’s leader John Lee said that he was “very concerned” about the rise in oil prices due to the US-Israeli war on Iran and that the financial hub, along with the rest of Asia, would …
Trump says U.S. wants to delay his meeting with Xi in China by ‘a month or so’ due to Iran war
Treasury Secretary Scott Bessent cast doubt on the planned trip earlier, while insisting it was not meant to pressure China to help reopen the Strait of Hormuz.
Trump demands NATO and China police the Strait of Hormuz. So far they aren’t joining
With the Iran war entering a third week, Israel said it plans for at least three more weeks of war, while President Trump demanded other countries help the U.S. secure the vital Strait of Hormuz.
Iran war unlikely to trigger global supply chain crisis, Goldman Sachs says
Goldman Sachs analysis finds the Iran war will boost oil prices, increase inflation and reduce global GDP growth, but is unlikely to lead to a pandemic-style supply chain crisis.
Trump Side-Stepped Diplomacy on His Way to War in Iran. Now, He’s Asking China and Others for Help
President Donald Trump relied on his gut and largely side-stepped diplomatic coordination as he made the decision to launch strikes on Iran with Israel …
Pakistan’s Oil Dilemma: Keep IMF Happy or Protect Citizens From Rising Fuel Prices During Ramadan
Pakistan faces an energy dilemma as the Iran war pushes oil prices higher. IMF pressure for market pricing clashes with rising inflation and public anger, forcing the government to balance fiscal …
Pakistan-bound oil tanker passes through Hormuz Strait amid Iran war
By Ariba Shahid KARACHI, March 16 (Reuters) – Ship-tracking data shows a Pakistan-bound oil tanker passing through the Strait of Hormuz over the weekend, indicating that some countries are able to …
How badly has the Iran war hit the global economy? The tell-tale signs
Oil and gas price hikes due to the war have rattled the global economy.