Iran says US is 'struggling' to end the five-month old war as Netanyahu arrives in Washington, DC, for talks with Trump.
Southeast Asia’s governments have spent months trying to blunt the effects of war-driven energy shocks from the Middle East, but renewed fighting between the United States and Iran has exposed how limited those defences are, analysts have warned. The latest flare-up has revived fears of a second round of fuel disruption across the region, where many economies remain heavily dependent on imported oil and shipping routes linked to the Gulf. Southeast Asian leaders expressed “grave concern” over...
The US says it has spent more than $37.5 billion on the Iran war so far.
US and Iran trade new threats as more explosions are reported in Iranian cities, including Sirik, Ahvaz and Bushehr.
Yields on 10-year US Treasury bills, a bellwether for inflation, are up 60 basis points since the start of the Iran war.
Oil prices are set to rise once more as renewed US attacks on Iran leave the Strait of Hormuz, a major artery of oil trade, closed again. With US strategic petroleum reserves at their lowest in over 40 years, America will have trouble keeping oil prices below US$100 a barrel, as it has mostly done in the war so far. Analysts warn that sustained oil prices above US$100 risk accelerating inflation, depressing consumption and inviting recession. They have also turned their attention to China and...
Trump has expressed sadness and vowed to hit Iran 'very hard' to honour killed US soldiers.
The Irish airline said oil prices had increased costs meanwhile Brent crude surpassed $90.
US president says death of soldiers in Jordan a 'sad thing' as US forces attack Iran for the eighth consecutive night.
Officials report power outages, attack on train station in Bandar, as Iran says Hormuz won't return to pre-war status.
The US vice president says he thinks some Israeli politicians are trying to detail efforts to end the conflict.
Weak demand domestically and the impact of the Iran war on oil prices overshadowed the country's strong exports.
The abrupt about-face from the US president was the latest twist in a conflict that has now lasted more than four months.
The Senate voted 50-46 to block debate on the annual defence bill over war funding and defence cooperation with Israel.
Global economy to grow 3 percent in 2026, as AI demand partly offsets energy shock from Iran war, IMF says.
The US-Israeli military campaign against Iran was more than another Middle Eastern conflict. It became a defining stress test for the expanded Brics (Brics+), the grouping that is frequently portrayed as the flagship political platform of the Global South and a cornerstone of an emerging multipolar order. The war showed that the grouping – which has grown beyond its founding members Brazil, Russia, India, China and South Africa – is neither a military alliance nor an ideological bloc. Rather, it...
The International Monetary Fund on Wednesday modestly downgraded its outlook for the world economy this year, citing the energy shock caused by the Iran war. But the fallout from the conflict is being partially offset by booming investment in artificial intelligence and other technologies. The IMF now expects the global economy to expand by a sluggish 3 per cent in 2026, down from 3.5 per cent last year and from the 3.1 per cent it had forecast for this year back in April. The fund expects...
Australia forecasts a A$38 billion (US$26 billion) lift in its export income as commodity and energy prices rise because of the war in Iran. The nation’s resources exports are set to rise almost 3 per cent to A$416 billion in the financial year through June 2027, the Department of Industry, Science and Resources said in its latest resources and energy quarterly on Friday. The extra earnings assume trade is disrupted until end-June 2026, with a further A$7 billion windfall possible if that...