By providing this strategic lifeline, Islamabad risks a severe diplomatic rift with the US, signalling a tactical shift towards regional alliances and Iranian energy dependence.
India central bank’s FX forward book balloons to over $100 billion as Iran war pummels rupee
By Jaspreet Kalra MUMBAI, Apr 30 (Reuters) – The Reserve Bank of India’s short dollar positions in the FX market ballooned to a record high $104 billion in March, data showed on Thursday, highlighting …
How the US managed to seize $500M of crypto from Iran
US Treasury Secretary Scott Bessent said that the US seized about $500 million in Iranian cryptocurrency. Scott Melker discusses the details in the video above “The Daily Wolf with Scott Melker” airs …
Trump’s new front against Iran: The US hunts hidden crypto networks
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 …