A Chinese supertanker carrying two million barrels of Iraqi crude passed through the Strait of Hormuz on Wednesday after being stranded in the Gulf for more than two months amid the U.S.-Iran war, according to LSEG and Kpler ship-tracking data. The Very Large Crude Carrier Yuan Hua Hu was seen heading toward eastern China’s Zhoushan…
Turkish President Recep Tayyip Erdoğan and Kazakh President Kassym-Jomart Tokayev have pledged to deepen bilateral ties across energy, trade, transport, defence, and technology following high-level talks in Astana. On Thursday, the two leaders held a one-to-one meeting at Astana’s Palace of Independence before jointly chairing the sixth meeting of the Türkiye-Kazakhstan High-Level Strategic Cooperation Council….
Sharren Haskel and Harry Theoharis met this week to strengthen economic cooperation between Israel and Greece, highlighting growing trade and investment ties between the two countries. Following the meeting, Haskel said economic relations between Israel and Greece are currently at “an all-time high,” with major opportunities for further collaboration across key sectors including water technology,…
The “Development Road” agreement signed between Iraq and Turkey, along with the “Four Seas Plan” once again being debated along the Syria-Turkey axis, have emerged as key projects in these discussions. What these projects share in common is that they all pass through Kurdistan. The ‘Four Seas’ plan returns to the agenda “Syria’s Four Seas…
President Recep Tayyip Erdoğan said that the Turkic world has an increasingly important role in promoting peace, prosperity and stability across Eurasia, while stressing the need for a fairer international system amid ongoing global crises. Erdoğan made the remarks in an article titled “The Key to Peace in Eurasia: The Turkic World,” published Thursday by…
Finland might be quite vocal against Israel, but that did not stop a large delegation from the Israel Defense Ministry (IMoD) from visiting for a defense seminar in the Nordic country. Earlier this week, IMoD’s International Defense Cooperation Directorate (SIBAT) led a delegation of 32 Israeli defense companies to the second Finnish-Israeli Defense Industry Seminar….
ASTANA In this handout photo released by the Turkish Presidency, Kazakhstan’s President Kassym-Jomart Tokayev, right, welcomes President Recep Tayyip Erdoğan upon Erdoğan’s arrival to attend the Organization of Turkic States summit in Astana, Kazakhstan, on Wednesday, May 13, 2026. President Recep Tayyip Erdoğan arrived in Kazakhstan on May 13 for talks with Kazakh President Kassym-Jomart…
US President Donald Trump arrived at the Great Hall of the People on Thursday to launch a high-stakes summit with Chinese leader Xi Jinping. The visit, characterized by grand military displays and symbolic gestures, comes at a critical juncture as the international community grapples with the fallout of the war in Iran and a volatile…
A Chinese VLCC carrying nearly 2 million barrels of Iraqi crude has exited the Strait of Hormuz after more than two months stranded in the Gulf, heading to Zhoushan with an expected June 1 arrival. Info via Reuters. Summary: The VLCC Yuan Hua Hu, carrying nearly two million barrels of Iraqi Basrah Medium crude, transited…
Manu Sharma” post_date=”May 13, 2026 06:58″ pUrl=”https://www.fairobserver.com/world-news/middle-east-news/fo-talks-the-iran-war-could-crash-the-global-economy-heres-how/” pid=”162442″ post-content=” Editor-in-Chief Atul Singh and FOI Partner and geopolitical analyst Manu Sharma discuss how the Iran war reaches far beyond the battlefield into everyday economic life. What began as a military conflict in the Gulf has quickly spread through shipping lanes to fuel markets, agriculture, finance and…
