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The United Nations has cut its global economic growth projections, warning that the war in the Middle East threatens to derail international trade and commodity markets. UN economists now forecast global gross domestic product to expand by 2.5 percent this year. A slightly better performance of 2.8 percent is pencilled in for next year. The…
India and the United Arab Emirates signed a series of major defence and energy pacts on Friday to shield their economies from the escalating US-Israeli war on Iran. Prime Minister Narendra Modi met UAE President Sheikh Mohamed bin Zayed Al Nahyan in Abu Dhabi to formalise the agreements during a brief stopover. The diplomatic rush…
The White House confirms that Donald Trump and Xi Jinping have reached a fragile consensus to ensure the Strait of Hormuz remains open to global shipping. This agreement follows two days of intense negotiations in Beijing against the backdrop of an escalating conflict in Iran. Both leaders recognise that a total blockade of the…
Gold opened the new trading week on a cautious note, slipping below the $4,700 mark as geopolitical tensions and expectations of a hawkish United States Federal Reserve continued to weigh on the precious metal’s recent recovery. The commodity fell 0.5 percent to $4,690 per ounce at the London stock market on Monday, according…
Donald Trump has dismissed Iran’s latest peace proposal as “totally unacceptable,” pushing the Middle East back toward open warfare. Writing on his Truth Social platform, the US president gave no specifics about the counteroffer but made his disdain clear. This rejection follows weeks of Pakistani-mediated talks aimed at ending the war that began on 28…
Iran has delivered its formal response to a US peace proposal through Pakistani mediators. While the contents remain secret, the exchange marks the first significant diplomatic movement since the conflict began in February. President Masoud Pezeshkian insists that negotiation does not signal surrender. He maintains that Tehran acts only to defend national interests and sovereign…
American warplanes disabled two Iranian tankers on Friday as Washington attempts to force Tehran into a diplomatic corner. An F/A-18 Super Hornet used precision strikes to enforce a port blockade just as negotiations to end the ten-week-old Gulf conflict reached a tipping point. The strikes represent a sharp escalation of the American “maximum pressure” strategy….
The fragile ceasefire between Iran and the American-Israeli coalition is buckling under fresh naval skirmishes. Iranian Foreign Minister Abbas Araghchi claims Washington prefers “reckless military adventure” over the diplomatic deals currently on the table. Both sides exchanged heavy fire in the Strait of Hormuz this week while accusing the other of starting the fight. Despite…
A fragile truce between the United States and Iran came under severe pressure on Friday after Iranian forces launched attacks on three American destroyers in the Strait of Hormuz, triggering US retaliatory strikes on Iranian military targets and raising fresh fears that weeks of painstaking diplomacy could unravel. Despite the exchanges of fire, US…
United States President Donald Trump has issued a direct ultimatum to Tehran, demanding Iran accept a framework agreement to end hostilities or face a renewed American bombing campaign at a “much higher level and intensity.” The threat, delivered Wednesday on his Truth Social platform, marks the latest in a series of abrupt policy reversals…
