LONDON: The BBC has reported that the United Kingdom (UK) could face food supply shortage this summer if tensions involving Iran continue to escalate, raising concerns over supply chains linked to essential industrial gases. Read More: IMF to cut global growth forecast due to Mideast war Officials have warned that instability around the Strait of Hormuz […]
Iran tensions
Trump Iran policy shift unsettles markets and allies
WASHINGTON — Donald Trump once again demonstrated his unpredictable approach to foreign policy with a dramatic shift on Iran, sending shockwaves through global markets and raising fresh questions about the consistency of US strategy. Read More: Trump delays Iran grid attacks, says talks ongoing to end war After issuing stern warnings over the weekend, including a 48-hour ultimatum […]
Drone strike injures civilians in Bahrain amid regional tensions
A drone attack in Bahrain has injured several civilians and damaged homes, authorities said, as tensions across the Middle East continue to escalate amid the ongoing conflict involving Iran, the United States and Israel. Bahrain’s Ministry of Interior confirmed that the strike occurred in the Sitra area, where several citizens were wounded. One person was […]
Trump threatens trade cut off with Spain
U.S. President Donald Trump said on Tuesday that the United States would cut off all trade with Spain after Madrid refused to allow American forces to use its military bases for missions linked to strikes on Iran. Read More: Spain declines Trump’s Board of Peace invite Speaking during a meeting with German Chancellor Friedrich Merz, Trump criticized Spain’s […]
Trump to address state of the union amid domestic, global challenges
US President Donald Trump will deliver his State of the Union address to Congress on Tuesday at a critical moment, as his approval ratings decline, the economy shows signs of slowdown, and tensions with Iran rise. The prime-time speech offers Trump an opportunity to rally support for Republicans ahead of the November midterm elections, highlighting […]
Trump warns UK not to “give away” Diego Garcia amid Iran tensions
WASHINGTON: US President Donald Trump has issued a stark warning to UK, urging it not to “give away” the strategic Indian Ocean base at Diego Garcia, highlighting its importance for potential US military operations against Iran. Read More: UK PM urges Trump to show restraint after US approves strikes on Iran Trump’s comments came hours after the US State […]
US ramps up Middle East military presence amid Iran tensions
WASHINGTON: The United States (US) has deployed a substantial military force to the Middle East, including warships, fighter jets, and refueling aircraft, amid heightened tensions with Iran. Officials say the buildup could support a sustained campaign against Tehran if President Donald Trump orders strikes. 🚨 BREAKING: 25 US Tankers Headed to the Middle East Amid […]
Gold slides as easing geopolitical tensions and stronger dollar weigh
Gold prices extended losses on Tuesday, pressured by easing geopolitical tensions in Iran and Russia and a stronger U.S. dollar, while investors awaited the release of the Federal Reserve’s January FOMC meeting minutes later this week. Read More: Gold surge reflects deepening global and domestic uncertainty Spot gold fell 0.8% to $4,953.90 per ounce after earlier […]
Oil fears spark sharp KSE-100 decline
Pakistan’s benchmark KSE-100 index fell sharply during intraday trading on Thursday, reflecting growing market pressure. At 2:25pm PST, the index stood at 182,248.85 points, down 6,131.53 points, or 3.25 percent, from the previous close of 188,380.38. Trading volume reached 284.25 million shares with a total value of Rs34.56 billion. Stocks across multiple sectors dropped, including […]
Opposition urges joint parliamentary session on Iran tensions
ISLAMABAD: The opposition alliance, including the PTI and other parties, has called for a joint session of parliament to address growing tensions in the Middle East, particularly in Iran. They urged the government to also convene a meeting of neighbouring countries to formulate a coordinated regional strategy. Read More: Joint Parliamentary session: Opposition to thwart govt’s […]