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Global economic outlook darkens as policymakers count cost of Iran war
Central bankers and economists prepare to meet in Washington to assess conflict’s damage
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Trump downplays talks for ceasefire deal with Iran, claiming military victory. ‘It doesn’t matter. From the standpoint of America, we win’
“Let’s see what happens – maybe they make a deal maybe they don’t,” the president said.
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‘This is the last warning.’ Iran threatens U.S. warships after they throw down the gauntlet for winner-take-all Strait of Hormuz
“One of the things that commercial ships were waiting to see was whether or not this strait was clear, and sailing two destroyers in is a big one.”
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The petrodollar faces increased risk, but a petroyuan is ‘far-fetched’ as fears of U.S. losing superpower status are overhyped, strategist says
“Lastly, even Iran’s proposals for yuan or crypto-denominated Strait tolls are not meaningfully dollar-bearish; most stablecoins are effectively dollar-denominated instruments.”
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The damage wrought to the Middle East’s oil and gas supplies
Saudi Arabia and Qatar have both suffered significant damage to production capacity during the US-Israeli war against Iran
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Middle East war live: Vance says US and Iran fail to reach deal
Two sides held talks in Islamabad over the weekend
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US and Iran locked in marathon talks to end war
Historic negotiations aim to end a widening conflict that has stoked a global energy crisis