New Delhi, April 5 (IANS) The ongoing war in Iran is creating real economic pressures in Bangladesh, affecting fuel, fertiliser, freight, and foreign exchange, a report has said. While the country is geographically distant from the conflict, its highly connected economy is feeling the impact quickly, as per The Daily Star report.The main channel of this disruption is the Strait of Hormuz, through which about one-fifth of the world’s oil and LNG normally move.Any interruption in this route affe…
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Washington, April 5 (IANS) World leaders are moving to contain the Strait of Hormuz crisis without direct US leadership, as deepening divisions emerge between Washington and its European allies over the Iran war and its global fallout.Countries heavily dependent on Gulf energy supplies are scrambling to reopen the Strait of Hormuz, even as frustration grows over the US approach to the conflict, according to The Hill .The United Kingdom convened more than 40 nations this week to coordinate effort…
Sofia, April 4 (IANS) China is exploiting the security vacuum in the Middle East to position itself as a “strategic alternative”, amid growing doubts in Beijing over the viability of US bases in the region following repeated attacks on American and Israeli interests, a recent report has highlighted. According to a report in Bulgaria-based ‘Modern Diplomacy’, Beijing has adopted an “encirclement of the encirclement” strategy, expanding its military bases and strengthening regional alliances to co…
Washington, April 3 (IANS) Latest US intelligence assessments show that roughly half of Iran’s missile launchers are still intact and thousands of one-way attack drones remain in Iran’s arsenal more than one month after the United States and Israel launched massive strikes on Iran, CNN reported.”They are still very much poised to wreak absolute havoc throughout the entire region,” a source familiar with the intelligence told the US media outlet.According to the report, the assessments also indic…
Washington, April 2 (IANS) US President Donald Trump has said that countries that depend on key global routes should take responsibility for securing them. He questioned why the United States should continue to police critical energy corridors such as the Strait of Hormuz.“Let China do it. Let Japan do it. Let South Korea do it… what the hell are we doing it for?” Trump said in his remarks at a White House Easter lunch. The video of the event was posted by White House on its YouTube channe…
Washington, April 1 (IANS) The White House said it was making “serious discussions” with Iran’s new leadership and was confident a deal could be reached soon, even as China and Pakistan called for an “immediate cessation of hostilities” in the Gulf and Middle East.A senior administration official told IANS that “as President Trump stated, the United States is in serious discussions with the new leaders in Iran and great progress has been made.” The official was responding to a ques…
New York, March 31 (IANS) As the Israel-United States campaign against Iran veered off course from its claimed aims and began hitting global economies, President Donald Trump told his allies on Tuesday, “The hard part is done. Go get your own oil,” hinting he may be ready to wind down the war without a definitive opening of the Hormuz Strait. Trump’s hint came after a Wall Street Journal report on Monday that he told aides he would be willing to drop demands on opening the Strait, leavi…
New Delhi, March 31 (IANS) Abdulnasser Alshaali, Ambassador of the United Arab Emirates (UAE) to India, has commended New Delhi’s role in the ongoing West Asia crisis, emphasising that India’s deep regional engagement and constructive diplomatic tradition gives considerable weight to its voice. The Ambassador noted that Prime Minister Narendra Modi’s telephonic conversation with the UAE President Sheikh Mohamed bin Zayed Al Nahyan was viewed as a gesture of solidarity and reflected the close tie…
Washington, March 31 (IANS) The United States is intensifying strikes on Iran while pursuing a deal to end Tehran’s nuclear ambitions, the White House said Monday, describing a dual-track approach of military pressure and diplomacy. Press Secretary Karoline Leavitt said the ongoing operation was “moving ahead successfully and according to plan”, with more than “11,000 enemy targets” struck so far.She said the campaign had sharply degraded Iran’s military capabilities. Ballistic…
Islamabad, March 29 (IANS) Amid the economy suffering with many loose ends on energy, logistics, digital infrastructure, education, poverty, and employment, the Pakistani government wants to establish itself as a major exporter of fighter jets, according to a report. “To be clear, an economy struggling to meet its ends-meet needs to focus on producing necessary goods for mass consumption, in order to ensure the welfare of its citizens; otherwise, the scarcity can lead to a spiral of rising infla…