Tag: west asia war

Manufacturing PMI slows to 54.2 in June, second-lowest in four years

July 1, 2026 admin

The report says the primary driver of the slowdown was the capital goods sector, with the fall in growth rates in this area contrasting with accelerations at consumer and intermediate goods makers. (Representational image) | Photo Credit: Getty Images/iStockphoto Manufacturing activity slowed to 54.2 in June 2026, its second-lowest level in four years, according to…

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Iran attacks Bahrain, Kuwait following U.S. strikes, threatens to end talks to end war

June 28, 2026 admin

The ‘Al-Riqqa’ oil tanker (L) and ‘Al-Yarmouk’ oil tankers sail in the Arabian Gulf waters, off the coast of Kuwait City on June 27, 2026. Kuwait came under attack from “hostile” missiles and drones, the country’s army said on June 28, while in Bahrain, air-raid sirens sounded following fresh US strikes against Iran. | Photo…

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War on Iran | The story of a shipwrecked hegemon

June 27, 2026 admin

“When we are finished, take over your government. It will be yours to take. This will be probably your only chance for generations,” President Donald Trump told Iranians on February 28, after the U.S. and Israel launched an all-out war on their country. He asked the Islamic Revolutionary Guard Corps (IRGC), armed forces and police…

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UN says Iran nuclear pledge needs ‘very strong’ verification

June 26, 2026 admin

The UN’s nuclear chief said on Friday (June 26, 2026) that Iran’s pledge not to build a nuclear weapon would need “very strong” verification, as the United States and the Islamic republic negotiate a permanent settlement to end their war. Iran’s nuclear programme is a key sticking point in talks to end the West Asia…

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Iraq urges OPEC to raise its quota

June 25, 2026 admin

Image used for representative purpose only. | Photo Credit: Reuters Iraq has urged OPEC to increase its oil production quota considering the country’s history of conflicts and the recent regional war that have damaged its industry, the Oil Ministry said on Thursday (June 25, 2026). Like other oil producers, Iraq, a founding member of OPEC,…

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Pakistan says Iran-U.S. talks expected to resume next week

June 25, 2026 admin

Pakistan’s Prime Minister Shehbaz Sharif receives the President of Iran, Masoud Pezeshkian, upon his arrival at the Prime Minister’s House in Islamabad, Pakistan on June 23, 2026. | Photo Credit: Reuters Pakistan has said talks between the U.S. and Iran are expected to resume next week. In a statement issued late on Wednesday (June 24,…

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Iran says deal to end West Asia war ‘declaration of U.S. defeat’

June 24, 2026 admin

Iranian Parliament Speaker Mohammad Bagher Ghalibaf. File picture | Photo Credit: Reuters The deal between Iran and the United States to end the West Asia war is “America’s declaration of defeat”, Mohammad Bagher Ghalibaf, the head of the Iranian negotiating team, said on Wednesday (June 24, 2026). “The Islamabad understanding was not the result of…

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U.N. nuclear agency boss signals that inspectors will visit Iran’s nuclear sites

June 24, 2026 admin

The comment by International Atomic Energy Agency (IAEA) head Rafael Mariano Grossi was the firmest yet from the United Nations agency, which is viewed as key in determining the status of Iran’s nuclear stockpile. File | Photo Credit: AP The head of the U.N.’s nuclear agency signalled Wednesday (June 24, 2026) that his inspectors would…

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Global economic landscape remains fragile: RBI Bulletin

June 22, 2026 admin

The uncertainties concerning the U.S.-Iran peace agreement could have an impact on the outlook through international trade, cost pressures, capital flows and commodity prices, a Reserve Bank of India (RBI) official said in the June edition of RBI Bulletin, which was released on Monday (June 22, 2026). “The global economic landscape remains fragile despite some…

Business

Qatar brings LNG tankers into Hormuz despite shipping slowdown

June 22, 2026 admin

The Marshall Islands-flagged dry bulk ‌vessel ⁠Summit Success also entered the Gulf on Monday (June 22, 2026), LSEG data showed. File (Representational image) | Photo Credit: Reuters Four liquefied natural gas tankers controlled by Qatar were heading into the Strait of Hormuz on Monday (June 22, 2026), despite a fall in ship traffic ⁠after Iran…

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