Soon after the first Iranian missile and drone attacks on Dubai last week, two Indian entrepreneurs based there tried to move more than $100,000 each from their local bank accounts to Singapore to hedge risk. Technological glitches in the aftermath of the Iranian attacks initially scuppered those plans, the entrepreneurs, who did not wish to be identified due to the sensitivity of the matter, told Reuters. One of them said he managed to subsequently transfer the sum to his Singapore bank account via another Emirates-based bank. Scores of other wealthy Asians are making enquiries or taking similar steps to move their Dubai-parked assets to the regional financial hubs of Singapore and Hong Kong, industry advisers and lawyers said, as the US-Israel war on Iran clouds the Gulf’s safe-haven aura and rattles investors. While the rich typically diversify their investments across regions and asset classes, they choose where to be based depending on tax, regulatory, privacy and operational considerations. Towards that...
Qatar expects all Gulf energy producers to shut down exports within weeks if the Iran conflict continues and drives oil to $150 a barrel, the country’s Energy Minister Saad al-Kaabi told the Financial Times in an interview published on Friday. Qatar halted its production of liquefied natural gas on Monday, as Iran continued to strike Gulf countries in retaliation for Israeli and US attacks. The country’s LNG production is equivalent to about 20 per cent of global supply and plays a major role in balancing both Asian and European markets’ demand for the fuel. “Everybody who has not called for force majeure we expect will do so in the next few days if this continues. All exporters in the Gulf region will have to call a force majeure,” Kaabi told the FT. “If this war continues for a few weeks, GDP growth around the world will be impacted,” he said. “Everybody’s energy price is going to go higher. There will be shortages of some products and there will be a chain reaction of factories that cannot supply,” Kaabi s...
One account, “Armenian Radical,” whose symbol includes imagery associated with Nazi Germany, has posted slurs against Jews, including use of the derogatory term “zhids,” alongside praise for Iran.
British lawmakers and the domestic spy agency have long warned of threats posed to Britain by Iran, while Australia has also linked antisemitic attacks to Tehran. 'Iran is the biggest state sponsor of terrorism globally, and sadly, that is in effect in our own society as well,' said Deputy Prime Minister David Lammy
A narrow vote in the House on Thursday rejecting limits on presidential war powers highlighted a growing clash between President Donald Trump’s approach to the conflict with Iran and Congress’s constitutional authority over military action. The House voted 219–212 against a resolution that would have required the president to seek congressional authorisation before expanding US military operations against Iran. A similar effort in the Senate failed earlier, leaving the administration free to continue its current campaign. The resolution, introduced by lawmakers from both parties, sought to reassert Congress’s authority under the Constitution to approve acts of war. Its defeat underscored the sharp partisan divide on Capitol Hill over the administration’s strategy. “Today, I voted for the War Powers Resolution to put an immediate stop to President Trump’s unlawful war with Iran,” said Representative Judy Chu, a California Democrat. She argued that the administration had presented “no imminent threat” that woul...
The girls' school in Minab, in southern Iran, was hit on Saturday during the first day of U.S. and Israeli attacks on the country. Iran's ambassador to the U.N. in Geneva, Ali Bahreini, said the strike killed 150 students. Reuters could not independently confirm the death toll
WASHINGTON: A Pakistani man accused of planning to kill President Donald Trump told jurors on Wednesday that he did not willingly work with Iran’s elite Islamic Revolutionary Guards Corps to devise the plot, media said. The Justice Department accused Asif Merchant of trying to recruit people in the United States in the plan targeting Trump and other US politicians in retaliation for Washington’s killing of the Corps’ top commander, Qassem Soleimani. The Corps has a central role in Iran, with its combination of military and economic power and an intelligence network. “I was not wanting to do this so willingly,” the New York Times quoted Merchant as telling a court during his trial for terrorism and murder-for-hire charges, adding that he participated to protect his family in Tehran. Prosecutors reject Merchant’s claim of duress, cite lack of evidence to support ‘coercion’ defence Prosecutors rejected Merchant’s claim, citing a “lack of evidentiary support for a true duress or coercion,” according to a letter s...
The former prime minister blames Netanyahu's coalition and ministers for advancing divisive political moves under the guise of the Iran war and delegitimizing opposition MKs 'as if they were the enemy and not Khamenei'
The House rejected a war powers resolution aimed at curbing the war on Iran by a vote of 212-219. Trump encouraged Iranian diplomats to cooperate with the U.S., after he said earlier that his administration should choose Iran's next leader
Social media influencers have long boasted of feeling safer in the United Arab Emirates than in their home countries. Some content creators are doubling down, even as Iran targets the Gulf – and the UAE tightens its grip
Ukrainian President Volodymyr Zelensky discussed the situation surrounding Iran and challenges in the oil market with Italian Prime Minister Giorgia Meloni.
In the U.S. president's vision for the Middle East, his goal for Iran mirrors his approach to Venezuela: Installing a compliant regime that aligns with American economic interests. Democracy is not part of the plan, and neither are Israel's long-term interests
'There is no opposition and no coalition,' wrote opposition leader Yair Lapid this week, showing how much the country has become an isolated echo chamber, feeding itself justifications for Israel's war with Iran
U.S. President Donald Trump said he does not want Netanyahu to 'focus on the fucking trial' but rather on the Israel-U.S. war on Iran; Herzog denied the claims and said he is currently not discussing the issue of the pardon, which was officially submitted in November
Israel’s Finance Ministry has put a weekly price tag on the country’s widening war with Iran, estimating that the economy could take a hit of more than 9 billion shekels (equivalent to $2.93 billion) a week if emergency limits on activity remain in place. The estimate links the economic toll to the Home Front Command’s […] The post Israel’s Iran war will soon cost the equivalent of 41,300 Bitcoin every week appeared first on CryptoSlate.
Na geruchten over Koerdische betrokkenheid bij de strijd tussen VS, Israël en Iran, werd op woensdag Azerbeidzjan doelwit van een droneaanval. Hoe groot is de kans op verdere escalatie?