The country has long faced some of the world’s heaviest sanctions. The lifting of restrictions could open new vistas on trade and financial access.
An imploding economy is causing hopelessness among both pro- and anti-government Iranians. And for those who wished for regime change, the letdown is palpable.
The Organization for Economic Cooperation and Development, in a report, said the Middle East war’s consequences “are likely to be felt for some time.”
The United States and Europe were at odds over the Trump administration’s decision to ease oil sanctions on Russia.
Iranian attacks and the stoppage of seaborne transit have paralyzed Qatar’s vital gas exports, stalling the economic pivots intended to anchor the country’s growth.
An analysis of oil export data offers clues about which nations have benefited from higher prices, and which have lost a lot of revenue.
The president is expected to urge the Chinese leader to help ease tensions in the Middle East by helping to persuade Iran to end the war.
President Trump said the fragile cease-fire was on “life support,” and India’s leader urged residents to cut back on purchases and travel.
Despite the fragile cease-fire in the Middle East, many Africans say they are bracing for tougher times ahead and making difficult decisions about the future.
The energy industry is planning for a future where the choke point on Iran’s southern coast is a lot less important.