The decision reflects growing concerns over supply disruptions linked to the Iran conflict and instability surrounding the strategically important Strait of Hormuz, through which a major portion of global oil shipments passes every day. According to China’s state economic planner, retail gasoline prices will rise by 320 yuan per metric ton while diesel prices will…
Abdel Raouf Arnaout 08 May 2026•Update: 08 May 2026 Warnings have intensified in Israel over a looming economic crisis threatening the country’s export and technology sectors as the shekel climbs to its strongest level against the US dollar in more than three decades, according to local media reports. The Times of Israel daily reported Friday…
This handout photo provided by Syria’s SANA news agency’s Telegram channel, shows Syrian President Ahmed al-Sharaa (R) meeting with Lebanese Prime Minister Nawaf Salam at the People’s Palace in Damascus. AFP Speaking at Damascus International Airport after concluding his visit, Salam said discussions with Syrian officials had focused on strengthening bilateral ties and resolving long-standing…
The Middle East has once again become the center of global attention as tensions involving Iran, Israel, the United States, and regional powers continue to escalate in 2026. What began as a prolonged shadow conflict has evolved into one of the most dangerous geopolitical crises in recent years, raising fears of wider military confrontation, disruption…
The U.S.-Israeli war against Iran threw renewed attention on the often-overlooked geopolitical importance of the Caspian Sea as a trade corridor linking Russia and Iran, according to a New York Times report published Saturday. Iran faces economic pressure as US blockades ports The example provided by the authors was Israeli attack on Iran’s naval command…
Russia is using the Caspian Sea to ship drone components to Iran in order to help the Islamic Republic rebuild its offensive capabilities, the New York Times reported on Saturday, citing US officials. The report stated that the Caspian Sea has now become a vital trade route between the two allies. Russia is now sending…
Greece and Cyprus held separate high-level meetings with United Arab Emirates President Sheikh Mohamed bin Zayed Al Nahyan in Abu Dhabi this week, as the United States moves to formally integrate the Eastern Mediterranean into the India-Middle East-Europe Economic Corridor (IMEC). The diplomatic activity comes amid growing geopolitical competition over trade, energy and transport routes…
Saturday May 9, 2026 Mogadishu (HOL) — A Somaliland delegation led by Trade and Tourism Minister Abdirahman Hassan Nur met Israeli business representatives in Addis Ababa on Thursday to discuss strengthening trade and investment cooperation between the two sides. According to a statement from Somaliland’s Ministry of Trade and Tourism, the talks focused on expanding…
American exports to GCC down Imports from Saudi and Oman rose US maintains trade surplus US exports to the six GCC countries – Saudi Arabia, the UAE, Qatar, Bahrain, Oman and Kuwait – dropped sharply in March after logistics bottlenecks constrained international commerce in the first full month of the US-Israeli war with Iran. However,…
US President Donald Trump warned the European Union on Thursday that it must eliminate its tariffs by the 250th anniversary of American independence or face significantly higher trade barriers. “I’ve been waiting patiently for the EU to fulfill their side of the historic trade deal we agreed in Turnberry, Scotland, the largest trade deal ever,”…
