Iran
Middle East conflict fallout to slow growth, push up inflation in Emerging Europe and Mediterranean region, EBRD says
Development bank says economic fallout is already spreading, through higher energy and fertiliser costs, damage to tourism and higher debt-servicing costs.
How Iran’s strike on Qatar is choking the global AI economy
The world has fixated on oil prices and LNG disruption. It has almost entirely missed the far more consequential story: Iran’s asymmetric strike on Qatar’s Ras Laffan facility has severed one-third of the global supply of helium.
Iran says 39 suspected Israeli spies arrested
Iran's intelligence ministry said it had identified and arrested 39 people it described as operatives working for Israel and terrorist groups in Tehran.
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Hormuz closure threatens global chemicals supply chains, Fitch warns
Fitch warns a prolonged Hormuz closure threatens global chemicals supply chains, with force majeure declarations already emerging and material credit risks building across Gulf, European and Asian producers.
Qatar LNG plant damage could take five years to fix if key components destroyed
Iran targeted and hit Qatar’s Ras Laffan gas plant on March 18, the backbone of Qatar's LNG exports and source of a third of the world’s supply of liquid gas. If key components were destroyed the plant could take five years to fix.
Riyadh betting on Iran war escalation in trade off of short-term damage for long-term regional dominance
Saudi Crown Prince Mohammed bin Salman (MbS) is taking a big gamble. He is pressing Washington for a more aggressive stance in its Iran campaign betting the short term damage cost is the price of leaving the Kingdom as the dominant regional power.
Iran rejects US proposal and sets five conditions for ending war
Iran rejects a US peace proposal and sets five conditions for ending the war, including reparations, a Hormuz sovereignty guarantee and a halt to what it calls aggression, a senior official tells Press TV.
Seven Iraqi soldiers killed in airstrike on Anbar military base
Seven Iraqi soldiers were killed and 13 wounded in an airstrike on a military base in Anbar province, Iraq's defence ministry says, describing the targeting of a medical facility as a violation of international law.
Israel strikes Iranian Caspian port used by Russia to supply arms, food
More evidence emerged that the CRINK alliance (China, Russia, Iran, and North Korea) are supplying Iran with arms on March 24, after an Israeli strike on a Caspian sea smuggling route used by Moscow to supply Tehra
Spain granted permission to sail through Hormuz, as Trump's energy dominance policy failing
Iran grants Spanish vessels unrestricted access through Strait of Hormuz Spain has joined the club of Iran’s “friendly nations” after Tehran granted Spanish vessels a permits-for-passage unfettered access to the Strait of Hormuz on March 24.
The Philippines declares national energy emergency
The Philippines has declared a nationwide energy emergency, becoming the first country to take such a step in response to disruptions caused by the ongoing conflict involving Iran.
Iranians freeze gas supplies to Turkey following Israeli strike on South Pars
Ankara yet to comment on whether it could face significant gas shortages.
Number of ships passing through Hormuz rising after toll system established
The number of ships passing through the Strait of Hormuz is increasing as after a $2mn fee was established and the inform permits-for-passage system is smoothed by use.
ADNOC restarts Habshan gas plant while LNG export disruptions continue
The United Arab Emirates has resumed operations at its largest gas processing facility following an attack that halted output, even as exports of liquefied natural gas remain severely constrained by disruption in the Strait of Hormuz.
Israel welcomes Lebanon move to expel Iranian envoy
Israel’s foreign minister Gideon Sa’ar has welcomed Lebanon’s reported decision to expel Iran’s ambassador-designate, urging Beirut to take further steps to curb the influence of Hezbollah amid heightened regional tensions.
Pakistan offers Islamabad as venue for US-Iran peace talks
Pakistan offers Islamabad as a venue for US-Iran peace talks as Prime Minister Sharif confirms back-channel diplomacy with both Washington and Tehran, with a US delegation expected within days.
Tel Aviv stocks plummet despite brief recovery after US halt on Iran strikes
Israeli stocks on the Tel Aviv Stock Exchange deepened their losses on March 24, hitting a new intraday low at approximately 16:53 local time. The TA-35 index fell approximately 2%, whilst the TA-90 index declined 1.8%.
Iran parliament deputy speaker rules out any negotiations with US
Iran's parliament deputy speaker says there will be no negotiations with the US, the Strait of Hormuz will not reopen, and Tehran will push the conflict into the energy and economic sphere.
Middle East conflict causes surge in gas flaring and emissions
The war in Iran has caused a spike in gas flaring across the Middle East is adding to greenhouse gas emissions as energy infrastructure disruptions linked to regional conflict force producers to burn excess fuel.