BEIJING: China said on Friday (Aug 21) that United States “sanctions and pressure” would not resolve the Middle East conflict, after Washington urged governments including Beijing to join efforts to i …
Trump’s ‘economic D-Day’ claims first victim: Not Iran, but US markets
United States President Donald Trump has threatened a crushing financial campaign against Iran, which he has referred to as “economic D-Day”, as the war on Tehran continues to drag on. But on Thursday …
Why China Thinks It Can Resist Trump’s Economic Threats on Iran
Beijing can squeeze U.S. critical mineral supplies and has enough oil to withstand the loss of Iranian crude, Chinese analysts say.
Key Iranian trading partner China rejects Trump’s ‘economic D-Day’ threat
The Iranian Foreign Ministry condemned US President Donald Trump’s “unlawful” threat of an elevated economic campaign against Tehran on Thursday. Trump’s threat of heightened sanctions is “the other …
Iran’s South Khorasan issues first Spanish mining investment licence
By bnm Tehran bureau Iran’s South Khorasan province has issued its first investment licence to a Spanish company, for the extraction and processing of mineral deposits, state-controlled Mehr and IRNA …
Iran-US war latest: Tehran accuses Trump of ‘economic terrorism’
Iran-US war latest: Tehran accuses Trump of ‘economic terrorism’ after he vows to crush it with sanctions – Over 750 members of the US military have been injured since the Iran war began …
World in Brief: China pushes back on Iran; Treasury yields climb
Yields on 30-year Treasuries climbed on Thursday, reversing some of Wednesday’s decline, despite the Treasury secretary hinting at buying back even more long-term bonds. “Anything that happens within …
Disentangling UAE-Iran economic ties could prove difficult
Washington is convinced of the role the UAE can play in choking Iran’s economy: The US told Emirati officials that targeting IRGC-linked money flows would hit Tehran harder than the naval blockade of …
UAE economy: On the verge of collapse or on way to recovery?
On one hand, the UAE economy is suffering due to the Iran war, as residents leave and tourists cancel plans. On the other hand, UAE authorities insist everything is fine and recovery is underway. What …
Iran business leader admits U.S. blockade will inflict more economic damage than war, and the ‘worst thing that could happen’ is trying to evade it
The head of the Iran-China Joint Chamber of Commerce said “the consequences of the blockade far outweigh those of a direct war.” …