German industry reports rising material shortages as ifo survey shows 15.9% of firms affected German industry faces rising material shortages—ifo survey: 15.9% of firms hit in May. Oil and petrochemical …
Iran
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Politics
Iran halts talks with US, threatens full blockade of Strait of Hormuz
by Hans Ottoby Hans OttoIran Halts Talks with U.S., Warns of Full Strait of Hormuz Blockade Iran reportedly stopped negotiations with the United States and has warned it could fully block the Strait of …
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World
US Strikes Southern Iran Radar and Drone Sites, Advances Lebanon De-escalation Plan Amid Retaliation
by anna walterby anna walterUS strikes on southern Iran escalate tensions as diplomacy continues US forces struck radar and drone sites in southern Iran, targeting Goruk and Qeshm Island, while talks with Tehran and …
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World
Moody’s finds Israeli-US war on Iran has cost US consumers almost $60bn
by anna walterby anna walterIsraeli-US war on Iran costs U.S. consumers nearly $60 billion, Moody’s says Moody’s Analytics: Israeli-US war on Iran has cost U.S. consumers nearly $60 billion in three months, driving up …
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Iran says Iran-US agreement “has not been finalised” after US signalled decision Iran denies a final Iran-US agreement after the US signalled a decision; Tehran says talks remain unfinished and …
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World
Iran International Ties to Saudi Investors Revealed in $870m Debt Relief Documents
by anna walterby anna walterFT Report Links Iran International to Saudi Investors via $870m Debt-Relief Deal FT says an $870m debt-relief deal links Iran International to Saudi investors; documents show Volant Media UK losses …
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US war on Iran seen as strategic failure as energy and finance replace battlefield goals US war on Iran has failed to meet military objectives, shifting toward energy and financial …
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Business
German import prices jump 5.3% in April amid Iran war energy shock
by Leo Müllerby Leo MüllerGerman import prices jump 5.3% in April as Iran conflict fuels energy costs German import prices rose 5.3% year‑on‑year in April, driven by soaring oil, kerosene and gasoline after the …
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Politics
Iran Denies US Framework Agreement Finalized, Pakistan Mediator Not Informed
by Hans Ottoby Hans OttoIran-US framework agreement not finalized, Tehran and Tasnim say Tehran says an Iran-US framework agreement is not finalized and Pakistan’s mediator has not been informed, Tasnim reported, denying Western media …
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Politics
US strikes Iran again undermine Trump’s midterm prospects amid energy crisis
by Hans Ottoby Hans OttoUS Strikes Iran Again as Tentative Ceasefire Talks Stall, Raising Political and Energy Risks US strikes Iran again amid stalled talks, while a tentative ceasefire extension awaits presidential sign-off; the …