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IMPACT OF IRAN WAR ON ECONOMY
UK economy unexpectedly grows by 0.3% in June, ONS saysBritain's economy saw unexpected growth in June, with gross domestic product rising. The economy expanded by 0.4% during the second quarter...- Trump says US has 'total control' over Strait of Hormuz, calls naval blockade a 'wall of steel'US President Donald Trump has once again claimed "total control" over the Strait of Hormuz in a Truth Social post, calling the American nav...
- Hormuz to remain closed unless US meets Iran's conditions, Iranian security council saysIran's Supreme National Security Council stated the Strait of Hormuz will remain closed. This closure depends on the United States changing...
- Pakistan sees US-Iran deal close as Hormuz standoff drags on, Trump toughens stancePakistan's defense minister indicated a potential US-Iran arrangement regarding the Strait of Hormuz. Oil prices reacted to these conflicti...
- Euro zone bond yields rise as oil climbs on Hormuz doubtsBond yields in the Euro zone saw an uptick as oil prices surged, triggered by U.S. President Donald Trump's stance on Iran. The chances for...
- Singapore says AI-related demand lifting economyStrong AI-related demand helped the electronics and precision engineering clusters of the manufacturing sector, as well as the machinery, e...
- Global Market: Singapore raises 2026 growth forecast on AI boom, resilient global economySingapore raised its 2026 economic growth forecast to 4.5%-5.5% from 2.0%-4.0%, supported by stronger-than-expected AI investment and a mil...
- US defends dollar as yen weakness threatens global currency orderThe US treasury has stepped in to bolster the Japanese yen and several other currencies, signaling a potential decline of the dollar and hi...
- Trump says US is 'low-keying it' with Iran, stresses economic painUS President Donald Trump stated his administration is observing economic pressures on Iran. Military strikes and sanctions have been impos...
- US Iran war: Trump may ditch nuclear deal plan if Tehran reopens HormuzUS President Trump seeks an exit from the Iran war as the conflict continues to escalate. The administration may set aside the nuclear issu...
- US Iran war: Iranian President Pezeshkian recently met Supreme Leader Khamenei, state media saysUS Iran war news: Iranian President Masoud Pezeshkian met Supreme Leader Mojtaba Khamenei recently. The president has given conflicting acc...
- Iran Guards say won't reopen Hormuz without US meeting all Tehran's conditionsIran's Revolutionary Guards will not reopen the Strait of Hormuz until its conditions are met. These demands include compensation for war d...
- Charting the global economy: US employment declines unexpectedlyThe El Niño on track to become the most powerful of the past 76 years is strengthening rapidly, posing a major threat to fragile economies ...
- Iran says Hormuz deal with Oman close, but strait reopening hinges on US concessionsIran and Oman are nearing a deal for a new shipping route through the Strait of Hormuz. This agreement is seen as vital for ending the ongo...
- Iran's leaders believe a victory is within reach, and that time is on their sideIran believes military pressure will force the United States to accept its control. The nation is betting that time and global energy price...
- As Iran war drags on, Americans are bracing for more chaos in Middle East, Reuters poll findsAccording to recent surveys, many Americans fear that the ongoing U.S. war with Iran could destabilize the Middle Eastern region. Disruptio...
- Iran and the US say a Strait of Hormuz deal is close, but one or both would have to back downIran and Oman are finalizing an agreement concerning the Strait of Hormuz. This potential deal could reopen the vital waterway and ease glo...
- RBI's rate, GDP and inflation verdicts also come with some stark warnings2026 RBI MPC Meeting: The Reserve Bank of India maintained its repo rate at 5.25 percent on Wednesday. This decision marks the fourth conse...
- Iran deja vu: Trump once again threatens massive escalation against Tehran only to walk backPresident Trump repeatedly threatened Iran with military action during the ongoing conflict. He then withdrew these threats, citing diploma...
- Trump says Gulf leaders' input weighed heavily in decision to hold off new Iran strikesUS President Trump opted against launching new strikes on Iran after receiving counsel from Gulf allies, advocating for diplomatic solution...
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