Browsing Tag
Iran war
13 posts
The Turnberry Agreement: Inside the asymmetric United States and European Union trade framework now under strain
Brussels accepted a 15 per cent tariff ceiling for stability. Trump just breached it. The Turnberry Agreement was the floor, not the deal.
Turnberry Agreement under strain: Trump hikes European Union car tariffs to 25% from next week
European Union autos face a 25 per cent United States tariff next week. Brussels says it complied. Trump says it did not. The Turnberry deal hangs in the balance.
South Africa records largest diesel price increase in history as Strait of Hormuz closure drives fuel shock
South Africa's diesel price rose a record R7.51/litre on 1 April 2026 after Iran's Strait of Hormuz closure. Godongwana cut the fuel levy by R3 to cushion the shock.
Federal Reserve holds rates steady as Jerome Powell pledges to stay until DOJ criminal probe is resolved
Federal Reserve Chair Jerome Powell says he will not leave until DOJ investigation ends. Fed holds rates at 3.5-3.75% as judge quashes subpoenas.
ASX copper stocks plunge up to 10% as Iran war and LME stockpile surge push copper to US$5.49/lb
ASX copper stocks drop 3-10% after copper falls 5% to US$5.49/lb overnight. Iran war, LME stockpile surge, and China demand softness are behind the selloff. Read the full analysis.
Fire forces USS Gerald R. Ford out of Red Sea on day 18 of US war with Iran
USS Gerald R. Ford exits Red Sea combat operations for Souda Bay, Crete after a non-combat fire displaced 600 sailors on day 18 of the US war with Iran.
Joe Kent resigns as Trump’s top counterterrorism official, citing lack of imminent threat from Iran
Joe Kent, director of the National Counterterrorism Center, resigns over the United States war with Iran, saying Tehran posed no imminent threat to national security.
Hezbollah link in Michigan: IDF says Temple Israel attacker’s brother ran weapons ops for Badr Unit
IDF says Michigan synagogue attacker Ayman Ghazali's brother was a Hezbollah Badr Unit commander killed in an Israeli airstrike days before the March 12 attack.
Brent crude tops $105 as Strait of Hormuz remains shut in largest supply disruption in global oil market history
Oil rises to $105 as US-Israeli war on Iran threatens Gulf export terminals and keeps Strait of Hormuz shut in the biggest supply disruption in history.
Trump administration authorises 172 million barrel SPR drawdown as 32 IEA nations coordinate record emergency oil release
US releases 172 million barrels from the Strategic Petroleum Reserve as IEA coordinates a record 400 million barrel drawdown amid Iran war supply disruption.