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 …
Iraq calls Saudi-US attacks a ‘flagrant violation of sovereignty’
Iraq’s National Security Council has condemned Wednesday’s Saudi-US strikes against the Iran-backed Popular Mobilisation Forces (PMF), which killed at least 20 members of the Iraqi paramilitary group.
Iraq airstrikes expand Saudi Arabia’s wartime footprint in a volatile region
Could the kingdom’s attack on Iran-linked fighters be a sign of conflicts to come?
Saudi Arabia, Middle East neighbors pressure Iraq to rein in Iranian-backed militias
Iranian-backed militias are using Iraq as a staging ground to launch attacks against neighboring countries, including Saudi Arabia, Syria, Kuwait, and Jordan.
Pentagon asks defense companies to ramp up production as stockpiles run low during Iran war
Tehran’s national security chief issued a list of demands for the US to fulfill before Iran would reopen the Strait of Hormuz. State media published the list, which includes measures such as lifting …