The war in Iran has cost the United States $29 billion so far, but how much have the costs to European consumers and the economy amounted to?

Continue reading: https://dailynewshungary.com/the-cost-of-iran-war-for-europe/

Early this week, Iranian state-linked media floated a plan to charge the operators of undersea internet cables in the Strait of Hormuz for access to what they say is Iran’s offshore territory. The suggestion comes after Iranian warnings that several important cables in the strait were a vulnerable point for economies in the Middle East. […]

The post Iran is threatening undersea cables. The…

Southeast Asia highly exposed to war’s energy shock ASEAN chair Marcos says mechanism of oil-share plan yet to be agreed Philippines proposes maritime centre to handle South China Sea issues ‘Vibrant and emotional’ talks among leaders on Myanmar engagement, Marcos says CEBU, Philippines — Southeast Asian leaders were united on Friday in calling for a regional fuel-sharing […]

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ASEAN chairman Marcos calls for resilience amid war fallout ASEAN set to call for Strait of Hormuz reopening Southeast Asia highly exposed to war’s energy shock CEBU, Philippines — Leaders of Southeast Asian countries holding a summit on Friday are expected to thrash out a coordinated response to the impacts of the Middle East crisis, as they aim to ease pressure from an energy […]

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Thai, Cambodian leaders to meet on sidelines amid ceasefire Chair Philippines says ASEAN must strengthen crisis coordination ASEAN to call for opening of Strait of Hormuz Bloc will also frame regional response on oil supplies Myanmar seeks ASEAN detente under new army-backed government CEBU, Philippines — Conflicts far beyond Southeast Asia are expected to dominate meetings of the regional ASEAN…

CEBU, Philippines — The Philippines’ foreign minister on Thursday told Southeast Asian ministers the ASEAN bloc needs to strengthen its crisis coordination, as the region reels from the economic fallout of the Middle East conflict. “Our discussions at the special meetings have pointed out that ASEAN needs to strengthen our crisis coordination and institutional readiness in times […]

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Two months into the Iran war and the Strait of Hormuz is still mostly shut. Vessel traffic is running at a fraction of pre-war levels, with the patchwork of ceasefires, blockades and re-closures since February 28 not restoring confidence on the bridge of any tanker. Hormuz has long been understood as one of the world’s […]

The post What alternatives do Gulf states have to the Strait of Hormuz?…

• Seven ships pass vital waterway in a day, compared to pre-war average of 140
• Iranian lawmaker says military to manage maritime route as UN chief urges toll-free waterway
• UAE rebukes Gulf allies for ‘meek’ political and military response to Tehran strikes
• Germany’s Merz says US being humiliated by Iranian leadership

LONDON/TEHRAN: Amid the US-Iran conflict that led to the closure of the…

President Donald Trump has canceled a trip by U.S. envoys Steve Witkoff and Jared Kushner to Pakistan for talks with Iran, citing the United States' strong negotiating position. The move adds uncertainty to ongoing diplomatic efforts to resolve the conflict between the two nations.

Iran’s military might was never going to be a match for the US and Israel. So instead it turned to the highly effective weapon it has at its disposal – geography. Blocking off the Strait of Hormuz has shaken the global economy. It has doubled the price of a barrel of crude oil, which has […]

The post The Strait of Hormuz shows how everything is now about leverage appeared first on Interaksyon.

Over the past several days, there have been conflicting reports about the Strait of Hormuz. It’s difficult to know what’s happening from one moment to the next. Iran said the waterway was open to commercial shipping again, then turned around and said it was closed. Iran then fired at two Indian-flagged ships going through the […]

The post Both the US and Iran are firing on commercial ships in…

The fallout from war between the United States, Israel and Iran has dominated global oil markets. And not just because the Strait of Hormuz, which normally carries about 20% of global oil and gas, remains effectively closed to shipping traffic. Deep uncertainty about how long the disruption will continue has added a persistent “risk premium” […]

The post Will oil prices ever truly go back to…

The Strait of Hormuz exists in the eye of the beholder. While everyone agrees that, geographically speaking, it is a strait – a narrow sea passage connecting two places that ships want to go – its political and legal status is rather more complicated. The United States and Iran both eye the strait – a […]

The post Strait of Hormuz: Why the US and Iran are sailing in very different legal waters…

WASHINGTON — U.S. President Donald Trump issued a scathing attack on Pope Leo late on Sunday, calling him “weak” on crime and “terrible” for foreign policy after the religious leader criticized Trump’s foreign and immigration policies. “Pope Leo is WEAK on Crime and terrible for Foreign Policy,” Trump wrote in a lengthy post on Truth Social. Leo, who is […]

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Just hours after the leaders of the United States, Israel and Iran reached a temporary ceasefire, it was clear that each party had its own version of what had been agreed to. Hundreds of people in Lebanon have been killed in Israeli airstrikes in the past 24 hours, immediately threatening to undermine the fragile agreement. […]

The post Will the conflict in Lebanon destroy the US‑Iran ceasefire?…

J.D. Vance unexpectedly left Budapest early after the White House tapped him for some critical talks: here's what happened.

Continue reading: https://dailynewshungary.com/vance-cuts-budapest-visit-short/

Leaked: Hungary offered intelligence assistance to Iran; Szijjártó confirmed it. Did it coordinate with the U.S. and Israel?

Continue reading: https://dailynewshungary.com/hungary-intelligence-cooperation-iran-pager-attacks/

In early March, a week after the first US-Israeli strikes on Iran, the White House posted a video of real American attacks mixed with clips from popular movies, television series, video games and anime. Iran and its sympathisers responded to the strikes by flooding social media with outdated war footage allegedly from the current conflict […]

The post Slopaganda wars: How (and why) the US and…

Introduction When former President Donald Trump articulates a threat to “destroy Iran and its civilian infrastructure” and send it “into the Stone Age,” this statement transcends mere political hyperbole. Analysts and strategic experts argue that such rhetoric is not an…

Irshad Ahmad Mughal

Trump says Iran proposal is basis for negotiation Ceasefire comes hours before Trump’s deadline Iran describes deal as “humiliating retreat” by Trump Trump’s earlier threat draws international condemnation DUBAI/JERUSALEM/WASHINGTON — U.S. President Donald Trump on Tuesday agreed to a two-week ceasefire with Iran, less than two hours before his deadline for Tehran to reopen the Strait of […]

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BENGUET, Philippines — Filipino farmers like Romeo Wagayan have been left with little choice but to let their vegetables rot in the field rather than sell them a loss, as rising oil prices linked to the conflict in the Middle East drive up the cost of harvesting, labor and transport. “There’s nothing we can do,” said Wagayan, a […]

The post High fuel costs forcing Philippine farmers to abandon…

The Strait of Hormuz crisis has reached a critical juncture. President Donald Trump has demanded Iran reopen the strait or the United States will further intensify its military assault. While the strait has not been totally closed to shipping, it has been substantially disrupted and transits have effectively slowed to a trickle. The strait is […]

The post How might the Strait of Hormuz be…

Strait of Hormuz closure disrupts Middle East oil exports, refiners seek alternatives Trump threatens further action if Strait remains closed, Iran allows passage for select vessels OPEC+ agrees modest output rise, but war limits actual increases; Russian supply also disrupted TOKYO — Oil prices climbed on Monday on continuing fears of supply losses because of shipping disruptions in the […]

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Energy, fertilizer, and petrochemical prices have risen sharply due to Iran's de facto closure of the Strait of Hormuz.

Continue reading: https://dailynewshungary.com/the-repercussions-of-closing-hormuz-stranded-ships-a-pharmaceutical-crisis-and-the-release-of-oil-reserves/

Iran’s war-driven energy shock is hitting Hungary hard:

Continue reading: https://dailynewshungary.com/iran-war-hungary-energy-inflation/

MANILA — The Philippines has received an assurance from Iran that it will allow the safe passage of Philippine-flagged vessels, fuel and Filipino seafarers through the Strait of Hormuz, Manila’s foreign ministry said on Thursday. The assurance came after Philippine foreign minister Ma. Theresa Lazaro spoke with her Iranian counterpart Abbas Araqchi, with the two top diplomats tackling energy…

Summer holiday plans at risk? Ryanair warns that the Iran conflict could trigger jet fuel shortages, higher ticket prices, and even cancelled flights across Europe:

Continue reading: https://dailynewshungary.com/ryanair-summer-cancellations-iran-hungary/

Pope Leo XIV has renewed his appeal for peace in a world wounded by conflict and violence. In remarks to journalists on March 31 outside the papal villa of Castel Gandolfo, the pope reminded that “Easter should be the holiest, most sacred time of the year. It is a time of peace, a time for […]

The post Pope Leo makes Holy Week appeal to Trump, world leaders to end Iran war appeared first on…

War snarls critical drug deliveries to Gulf Drugmakers reroute cargo as Dubai, Doha hubs are hit Cancer drugs face higher supply risk No major shortages yet, industry says Hospitals could face pressure within weeks LONDON — War in the Middle East is disrupting the flow of critical medicines to the Gulf, imperiling supply routes for cancer drugs […]

The post Analysis: Middle East war disrupts…

Since the United States and Israel launched their war against Iran in late February, Iran has retaliated by targeting commercial ships in the Strait of Hormuz, effectively shutting down the narrow channel of water. It’s caused a global fuel crisis, even though some ships are managing to get through the strait. US President Donald Trump […]

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