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The country is collapsing even as its regime survives.
The war against Iran is putting new strains on U.S. military readiness by consuming munitions and missile defense interceptors, as well as through extended deployments, sustained operational demands, and the diversion of forces and attention from other theaters. Mark Cancian (Center for Strategic an
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Iran submits conditions for reopening of Hormuz to U.S. representative, state media says Reuters
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Trump supports diesel export ban as fuel prices hit records Reuters
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Dollar holds near 2-month high as markets weigh rate hikes, Iran diplomacy Reuters
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Rupee hooked to oil prices as markets gauge Iran diplomacy hopes Reuters
Hong Kong Financial Secretary Paul Chan says the city is working to build its infrastructure for yuan product offerings as international usage of the currency is expected to grow. He speaks on "Bloomberg: The China Show." (Source: Bloomberg)
The real barriers to competitiveness and innovation are still in place.
A diplomatic strategy to end the war.
The global oil market has relied on five key buffers to cushion the impact of the Iran war: Western strategic reserves, bypass pipelines, commercial stockpiles, clandestine tanker runs across the Strait of Hormuz and lower Chinese buying.