President Donald Trump says he is “low-keying it” with Iran as sanctions and a naval blockade compound Tehran’s financial crisis and inflation.
Trump scoffs at Iran’s demand for war reparations and other Mideast developments
President Donald Trump is scoffing at Iran’s demands that the U.S. pay for devastation caused by five months of war. A spokesperson for Iran’s foreign ministry stressed Monday that reopening …
5 charts show how nearly 6 months of war have hammered Iran’s economy
Trump signaled that he’s ready to let the economic toll of the war be the force that brings Iran back to the negotiating table.
5 charts show how nearly 6 months of war have hammered Iran’s economy
Trump signaled that he’s ready to let the economic toll of the war be the force that brings Iran back to the negotiating table.
Trump’s Iran strategy depends on economic pain. The pain is mounting
Deepening poverty, rising household debt, rampant inflation, hidden unemployment.
China is now the world’s great oil power
Yet even when fighting was most intense, oil prices never reached the $150 a barrel many analysts had predicted at the start of the conflict. For this, thank a few governments. Soon after Iranian …
Iran war: Is Iran’s middle class being pushed into poverty?
The war has intensified Iran’s economic crisis, squeezing household budgets, hurting businesses and raising fears that millions of middle-income families are slipping closer to poverty.
Iran ties Hormuz reopening to US concessions on several demands
By Nayera Abdallah, Steve Holland and Enas Alashray DUBAI/WASHINGTON/CAIRO, Aug 10 (Reuters) – Iran said it was nearing a final pact with Oman defining new shipping lanes between them through the …
U.S. Patriot shortage raises air-defense concerns in South Korea
Heavy Patriot use in the Iran war is depleting U.S. interceptor stocks and raising concerns about missile defenses in South Korea and Asia.
Yemen’s Houthis attack Saudi refinery after kingdom signs defence pact
Aug 9 (Reuters) – Yemen’s Iran-aligned Houthis said they had attacked Saudi Aramco’s Jazan refinery on Sunday, two days after the kingdom signed a defence pact with Turkey and Pakistan in response to …