The United Arab Emirates said on Tuesday it was quitting OPEC, dealing a heavy blow to the oil producers’ group as an unprecedented energy crisis triggered by the Iran war exposes discord among Gulf …
4 charts show how war is throttling Iran’s economy
The economic damage to Iran has accelerated since the US imposed a naval blockade, which has hit Iran’s oil sales and cut the nation off from imports.
4 charts show how war is throttling Iran’s economy
The economic damage to Iran has accelerated since the US imposed a naval blockade, which has hit Iran’s oil sales and cut the nation off from imports.
Iranian economic collapse may come too late for Trump
By Parisa Hafezi and Angus McDowall DUBAI, April 30 – Weeks of conflict have aggravated Iran’s dire economic problems, risking calamity after the war, but the Islamic Republic looks able to survive a …
Pakistan double crosses America, announces 6 new land routes to Iran amid Hormuz blockade
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 …