Middle East oil producers face a reckoning. The Iran war exposed the dangers of relying on a single chokepoint for vital oil and gas exports, leaving Gulf governments with a clear strategic imperative: diversify – at all costs.
Author: admin
Chaiyaporn Arunrasamee hunched over his fishing nets, overlooking the waters of the Andaman Sea, where Thailand’s government is proposing an ambitious “Land Bridge” that will ferry goods between ports on opposite sides of the peninsula.
Japan is ready to respond appropriately to exchange-rate moves at any time, the government’s top spokesperson said on Thursday as the yen’s renewed slide tests Tokyo’s resolve to prop up the sagging currency.
A look at the day ahead in European and global markets from Ankur Banerjee
Oil prices fell in early trading on Thursday after the U.S. and Iran signed an interim agreement that would end the Iran war, reopen the Strait of Hormuz and waive U.S. sanctions on Tehran’s oil, resolving the largest energy supply disruption in history.
Asian stocks were steady and oil prices dipped on Thursday as investors assessed progress toward ending the war in the Middle East after the presidents of the U.S. and Iran signed an interim peace deal, though uncertainties still hovered.
It’s the latest in a series of actions by Trump that have upended Senate Republican plans to move major legislation intended to forward his agenda.
Russia accused Ukraine of conducting a deadly drone strike on a bus carrying Belarusian schoolchildren on Wednesday, an allegation that Ukraine’s military said was “false”.
U.S. President Donald Trump on Wednesday described Chinese President Xi Jinping and Russian President Vladimir Putin as “neutral” during the war with Iran, saying they had not thwarted his efforts to curb Tehran’s nuclear ambitions.
President Donald Trump on Wednesday expressed confidence in Federal Reserve Chairman Kevin Warsh after the new central bank chief concluded his first rate-setting meeting with a decision to leave interest rates unchanged and published projections that showed nearly half of U.S. central bankers feel a rate hike will be needed this year.