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ECONOMIC PRESSURE ON IRAN
Iran asks US to prove it wants peace by lifting blockade"Iran is prepared to give diplomacy another chance if we see strong evidence of a sincere desire on the part of the US to achieve a just an...
Global Market: UK inflation rises to 3.5% in September, boosting rate hike betsUK inflation rises to 3.5% in September from 3.1% in August, exceeding expectations as higher fuel prices linked to the Iran war add to pri...
Oil Price Today (October 21): Crude oil crosses $110 amid Middle East supply concerns. What lies ahead?Brent crude futures jumped more than $1 to trade at around $110 per barrel. WTI Crude futures also gained more than a dollar to trade at ar...
'Hormuz is closed until America accepts our conditions': Araghchi demands US to honour MoU commitmentsIranian Foreign Minister Abbas Araghchi insists the Strait of Hormuz will stay closed until the United States complies. He emphasizes that ...
Global Market: Eurozone bond selloff to weigh on growth, curb inflation, Lagarde saysECB President Christine Lagarde warned that a global bond selloff is tightening euro zone financial conditions, raising borrowing costs and...
- Oil Price Today (October 19): Crude oil dips 2% to $108 after hitting its highest levels since May. Here’s why
Brent crude futures dropped $1.80, or 1.64%, to $108.06 a barrel after settling at their highest level since May 19 on Friday. US West Texa...
'Iran ready for dialogue based on credible guarantees': FM AraghchiIranian Foreign Minister Araghchi criticized the United States for its aggressive actions against Iran and emphasized the need for credible...
Marco Rubio says Trump to take up to 60 days to weigh Russia sanctionsUS President Donald Trump announced a temporary waiver of sanctions and tariffs on Russian exports. Secretary of State Marco Rubio stated a...
Iran ships some LPG, jet fuel despite US blockade, data showsIran has managed to export limited liquefied petroleum gas and jet fuel despite ongoing US naval blockades. The Iranian methodology involve...
Mohammed bin Salman faces most consequential test yet as Saudi Arabia comes under Houthi fireMohammed bin Salman is currently grappling with increasing Houthi attacks that threaten Saudi infrastructure and international stability. T...
BoE's Bailey says energy price pass-through remains limited, rate risks persistBank of England Governor Andrew Bailey said rising energy prices have had limited broader inflationary effects so far, but warned that seco...
Houthis are helping Iran turn Saudi Arabia into a pressure point: Here's howHouthi attacks on Saudi Arabia are increasing, disrupting investments and key infrastructure. The Houthis are seeking recognition and an en...
US announces new Iran-related sanctions targeting 16 people, 10 entitiesThe United States has imposed sanctions on 16 individuals and 10 entities connected to Iran's financial operations. US Treasury Secretary S...
Trump's ‘mother of all bombs’ hit on Iran could be a fireworks showThe US military is contemplating a potential strike against Iran using the Massive Ordnance Air Blast bomb, known as MOAB. Proposed targets...
- Global Market: BoE's Huw Pill wary of market bets on four rate hikes over next year
Bank of England Chief Economist Huw Pill has questioned market expectations for four quarter-point rate hikes over the next 12 months as po...
Iran's President rules out talks under US pressure, warns of regional falloutThe warring parties agreed to a memorandum of understanding in June, outlining a framework for a permanent resolution to the conflict. Howe...
US imposes sanctions targeting 17 vessels of Iran 'shadow fleet'The United States has imposed sanctions on Iran's shadow fleet of tankers transporting oil. These sanctions target 17 vessels linked to the...