Washington, April 12 (IANS) The head of the International Monetary Fund has warned that the Iran war has triggered a “large” global economic shock, disrupting energy supplies and pushing up prices worldwide, with the impact expected to linger well into next year. Kristalina Georgieva, Managing Director of the IMF, said the scale and duration of the disruption would determine the long-term fallout, but cautioned that the effects are already widespread.“What I can tell you is that this shock…
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Washington, April 5 (IANS) US President Donald Trump issued a warning to Iran over the Strait of Hormuz, threatening severe consequences in a social media post that underscored rising tensions in the region.“Tuesday will be Power Plant Day, and Bridge Day, all wrapped up in one, in Iran. There will be nothing like it!!!” Trump wrote.He added: “Open the Strait, or you will face serious consequences — just watch.”Iranian officials had not publicly responded at the time of writing.The dev…
Washington, April 5 (IANS) The White House has pushed back against widespread online speculation that President Donald Trump was hospitalised, calling the claims false after rumours spread rapidly across social media following a routine press “lid”. The speculation began after the White House announced a travel and photo “lid” at 11 a.m. ET Saturday, signalling no further public appearances for the day. Posts on X suggested Trump had been taken to Walter Reed National Military Medical Ce…
Washington, March 25 (IANS) The Pentagon is preparing to deploy thousands of troops from the Army’s 82nd Airborne Division to the Middle East, signalling a potential escalation in the Iran conflict even as Washington explores diplomatic options.According to multiple media reports, it is preparing to deploy about 3,000 troops from the Army’s 82nd Airborne Division to the Middle East, adding to thousands of Marines already heading to the region.No decision has been made for US troops to enter …
Seoul, March 10 (IANS) South Korean stocks started sharply higher on Tuesday, a day after a sharp decline, as US President Donald Trump hinted the US-Iran war “is very complete.”The benchmark Korea Composite Stock Price Index (KOSPI) rose 271.34 points, or 5.17 perc ent, to 5,523.21 at the opening bell.Overnight, the Dow Jones Industrial Average gained 0.5 per cent, the tech-heavy Nasdaq Composite advanced 1.38 per cent, and the S&P 500 increased 0.83 per cent. The KOPSI fell 5.96 per cent o…
Washington, March 9 (IANS) US Senator Tim Kaine has warned that the ongoing conflict involving Iran risks repeating the mistakes of decades of American wars in the Middle East, calling the military action “illegal and profoundly unwise” while raising concerns about the safety of US personnel and civilians. Speaking on CBS News on Sunday, the Virginia Democrat said the return of the first American casualties had deepened concerns about the direction of the conflict.”With the arrival of the first …
Washington, March 8 (IANS) US Energy Secretary Chris Wright said on Sunday that more than 100 million barrels of Russian crude are currently floating at sea waiting to be delivered to China, a backlog the US believes could temporarily ease global energy market disruptions if redirected to other refineries. “There’s more than 100 million barrels of floating Russian crude waiting in line to deliver to China,” Wright said in an interview with CBS News.”That’s going to be sold, it’s going to be refi…
Washington, Feb 11 (IANS) The White House defended its immigration enforcement record, rejecting criticism that most arrests under President Donald Trump involve nonviolent offenders.Press Secretary Karoline Leavitt said the administration remains focused on removing criminals from the country.“The Trump administration has been clear from day one that any illegal alien present in this country is subject to deportation,” she said. “However, the priority, of course, is going after the convic…
Washington, Jan 14 (IANS) US President Donald Trump has warned Iran of a “very strong action” if its authorities begin hanging protesters, escalating his rhetoric amid reports of widespread killings during anti-government unrest.Speaking in an exclusive interview with CBS News on Tuesday, Trump said he had not yet confirmed reports that Iran planned to execute demonstrators but made clear the United States would respond forcefully if such actions occurred.“I haven’t heard about the hangi…
Washington, Jan 14 (IANS) US President Donald Trump has sharply criticised Federal Reserve Chair Jerome Powell as “a lousy Fed chairman” and defended the actions of an Immigration and Customs Enforcement (ICE) agent involved in a fatal incident in Minnesota, while rejecting claims of political retaliation.In an interview with CBS News conducted at a Ford assembly plant on Tuesday, Trump dismissed accusations that a criminal probe involving Powell amounted to retribution for policy disagreeme…