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The US-Israel war on Iran, which has prompted retaliatory strikes on US allies in West Asia, including the UAE, Qatar, Bahrain and Saudi Arabia, entered day 32 on March 31 The United States’ Gulf allies, led by Saudi Arabia and the UAE, have reportedly urged US President Donald Trump to continue military action against Iran,…
US President Donald Trump has told his aides that he is willing to end war without re-opening the Strait of Hormuz, which Iran has refused to unblock despite repeated warnings from the US president. This is another soft stance taken on Tehran as the latter has refused to budge after US-Israel initiated war.In recent days,…
As the war in the Middle East entered its second month, efforts to de-escalate and push for peace gathered pace, with Pakistan attempting to position itself as a key diplomatic player. However, an Israeli envoy firmly dismissed Islamabad’s role, instead expressing a clear preference for India as a “better mediator.”Fleur Hassan-Nahoum, special envoy at Israel’s…
Oil prices surged sharply on Tuesday, with Brent crude climbing above the $110 per barrel mark and US West Texas Intermediate (WTI) crude trading above $100, as supply concerns intensified amid the widening conflict in the Middle East.Brent crude rose $2.26, or about 2 per cent, to $115.04 a barrel in early trade, after hitting…
US President Donald Trump (AP photo) US President Donald Trump is weighing the idea of asking Arab nations to share the financial burden of the war with Iran, the White House said Monday, even as Washington signalled that diplomatic engagement with Tehran remains on track.Speaking at a press briefing, White House press secretary Karoline Leavitt…
Mohamad Safa, a diplomat and long‑time UN representative for the Patriotic Vision Association (PVA), resigned from his role, accusing the United Nations of preparing for the possible use of nuclear weapons in Iran.Safa, who served as PVA’s main representative at the United Nations for nearly 12 years, announced his resignation on X on Sunday, stating…
The ongoing Iran war, now nearing four weeks with no clear resolution, is already pushing oil prices above $100 per barrel, with visible impact on fuel and household costs. Against this backdrop, Larry Fink, chairman and CEO of BlackRock, has outlined two sharply divergent paths for oil markets and the global economy.Speaking to the BBC,…
The financial and human cost of the United States’ involvement in the Iran conflict is mounting rapidly, with early estimates pointing to tens of billions already spent.Data tracked by Iran Cost Ticker suggests US expenditure has crossed $35 billion since the strikes began, with roughly $11.3 billion spent in the first six days alone and…
Wall Street’s main indices edged higher in choppy trade on Monday, recovering from the previous session’s sharp losses, even as the Middle East conflict widened and kept investors cautious.The Dow Jones Industrial Average rose 0.48 per cent, the S&P 500 gained 0.32 per cent, and the Nasdaq Composite advanced 0.19 per cent in early trade,…
The Middle East conflict has now crossed the one-month mark, with its effects causing ripples far beyond the region and into everyday life across the globe. What began as a confrontation between Iran and Israel is increasingly disrupting global supply chains, pushing up costs, and forcing governments and individuals to adjust.The war entered a new…
