China hopes 'ceasefire will be kept, disputes be resolved via political & diplomatic means rather than reigniting flames of war & conditions be created for early return of peace to Gulf'.
Amidst the war, Tehran last month introduced its largest ever denomination–a 10 million note—as prices continue to rise across country for basic needs.
Magyar, in his victory speech, called for resignations of his nation’s top brass for having put Orban’s authoritarian system above their office’s responsibilities.
US to block ships entering/exiting Iranian ports in Persian Gulf & Gulf of Oman, but vessels transiting Hormuz to & from non-Iranian ports won't be obstructed. IRGC warns of ‘harsh’ response.
Energy blockades are acts of war. If in doubt, recall Pearl Harbor, which took place roughly six months after the US imposed a total oil embargo on Japan. They also take time to work.
The lightweight metal rose as much as 2% on the London Metal Exchange, reigniting a rally driven by supply shortages stemming from the war in the Middle East.
Prolonged disruptions to Strait of Hormuz could lift Asian spot prices above $19 per million British thermal units, traders said, though that would be lower than a wartime high of $25.
Apart from country-wide disruption to roads, the demonstrations almost resulted in a scarcity of fuel as protesters blocked Ireland’s only oil refinery.
The oil math is skewed against the White House. The blockade has a slim chance of working. Iran can remain defiant, and China unconcerned, longer than Trump can remain solvent.
According to Drop Site, under the current terms of the deal, which is entirely defensive, Saudi Arabia couldn’t request that Pakistan counterattack Iran, even from Saudi territory.
We now live in a world order that will keep shifting. India must use this window. This also means we remain disciplined enough not to be knee-jerked into reacting to what Pakistan sees as its moment in the sun.
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