Trump Says He Is Not Worried About Iran-Backed Attacks on US Soil
President Donald Trump told reporters he is not worried about potential Iran‑backed attacks on U.S. soil, despite an FBI alert warning California police of possible drone strikes on the West Coast. The warning follows U.S. and Israeli airstrikes on Iranian targets that sparked retaliatory actions from Tehran. Iran’s intelligence agencies have signaled a willingness to use unmanned aerial vehicles against U.S. interests, though a large‑scale physical attack is deemed unlikely. Federal and state officials have not responded to media inquiries for comment.
Ghana: Rebalancing of Gold Reserve Not Loss of National Asset - Governor
Ghana’s central bank announced a rebalancing of its international reserves, converting a portion of its gold holdings into foreign exchange. The move follows a Domestic Gold Purchase Programme that lifted gold stocks from 8.7 tonnes to over 40 tonnes, with a 62%...
You Can Just Do Things
The piece argues that the United States’ recent military actions against Iran are a continuation of a long‑standing American imperial habit that disregards international norms. It frames former President Donald Trump as both a symbol and accelerator of this “late‑imperial...
Will Iran War Make the UK Cost of Living Crisis Worse? – The Latest
The looming conflict between Iran and Israel is pushing global oil prices higher, stoking concerns that the United Kingdom’s cost‑of‑living crisis could deepen. Analysts warn that tighter energy markets may lift household electricity and gas bills, while inflationary pressure could...
GEP: Global Manufacturing Levels Rose in February, Led by Asia
The GEP Global Supply Chain Volatility Index shows global manufacturing activity rose in February, driven by a surge in Asian factories that reached the busiest level since October 2022. North America’s index slipped into negative territory, indicating under‑utilized supplier capacity,...
War in Iran and Afghanistan Threatens Central Asia’s Gateway to Global Markets
The escalating war between Iran and the Taliban‑Pakistan front is jeopardizing Central Asia’s planned southbound trade routes. Ongoing fighting threatens the Uzbekistan‑Afghanistan‑Pakistan railway, the TAPI gas pipeline, and the CASA‑1000 power line, while U.S.–Israel attacks on Iran disrupt shipping and...
Trump Administration to Announce New Trade Investigations
The Trump administration is set to announce new trade investigations under Section 301 of the 1974 Trade Act, targeting practices such as excess manufacturing capacity, forced labor, digital service taxes, and currency manipulation. The inquiries, led by the Office of the...
World’s Top Bauxite Producer Considers Export Curbs After Supply Glut Leads to Price Slump
Guinea, now the world’s largest bauxite producer, is weighing export curbs as a glut has driven prices down roughly 50% since January 2025. Export shipments surged 25% to 183 million tonnes last year, far exceeding licence‑based production plans. The government is...
2 U.S. Senators Propose Gas Tax Holiday Until October in Response to Rising Prices
Two Democratic senators, Mark Kelly and Richard Blumenthal, introduced the Gas Prices Relief Act to suspend the 18.4‑cent‑per‑gallon federal gasoline tax until October 1. A companion bill will be filed in the House by Rep. Chris Pappas. The proposal aims to...
Maersk Forced to Ship Fuel From US, Europe as Asia Bunkers Start to Run Dry
Maersk has begun sourcing marine fuel from the United States and Europe to supply its Asian fleet, after recent disruptions in the Strait of Hormuz left key Middle‑East and Asian bunkering hubs unable to meet demand. Chief commercial officer Karsten...
World Leaders Will Release 400 Million Barrels of Oil to Stabilize Prices
World leaders agreed to release 400 million barrels from strategic reserves, the largest coordinated IEA drawdown ever, to counter a sharp Brent price surge after the Iran war began. Despite the announcement, Brent crude rose to about $91 per barrel, indicating...
Strait of Hormuz Strikes Fuel Fresh Fears over Bond Volatility
Bond market volatility spiked on Wednesday after three cargo vessels were struck near the Strait of Hormuz, pushing 10‑year U.S. Treasury yields from just above 4.14% to near 4.20%. The attacks revive concerns over oil‑supply disruptions, keeping Brent crude roughly...
Italy to Ask for Immediate EU ETS Suspension
Italian Prime Minister Giorgia Meloni announced that Italy will request an immediate suspension of the EU Emissions Trading System for fossil‑fuel‑fired power generators, arguing the scheme adds roughly €30/MWh, or about a quarter of household electricity costs. The move is...
Iran Attacks Oil Facilities and Dubai Airport as Concerns Mount over Global Energy Supplies
Iran escalated its campaign against Gulf allies by launching drones that struck Dubai International Airport, wounding four people, and by hitting commercial vessels in the Strait of Hormuz. The Iranian military also announced plans to target banks and financial institutions...
World Briefs | Russian Oil Output Dips Slightly in February Despite Sanctions Pressure
Russian crude output slipped 0.6% in February, falling to 9.184 million bpd, as sanctions pressure persisted but a U.S. waiver helped Indian imports rebound. Saudi Arabia simultaneously boosted production to over 10.1 million bpd, citing a contingency plan amid escalating U.S.-Israeli strikes...
Japanese Automakers Earned Canada's Trust. Will China Do the Same with EVs?
Ottawa has opened the Canadian market to Chinese electric‑vehicle imports, reviving a debate that first surfaced when Japanese automakers entered in the 1960s. At that time, unions feared job losses, but Japanese firms eventually built plants in Ontario, creating thousands...
Countries Must Seek Energy Independence Through Renewables and Nuclear, Says John Kerry
Former US secretary of state John Kerry warned that the recent oil price surge caused by the war in Iran underscores the security risks of dependence on fossil fuels. He called for countries to achieve energy independence by accelerating deployment...
Can the IEA Put a Lid on the Price per Barrel by Releasing Oil Stockpiles?
The International Energy Agency announced a historic release of 400 million barrels of emergency crude, the largest drawdown in its history and about one‑third of members’ total reserves. The move aims to temper soaring oil prices triggered by the U.S.–Israel conflict...
Trump’s Actions in Iran and Venezuela Show Limits of U.S. Sanctions
The Trump administration abandoned its long‑standing maximum‑pressure sanctions campaigns against Iran and Venezuela, turning to direct military operations to achieve regime change. Repeated sanctions over the past years failed to topple Tehran’s leadership or remove Nicolás Maduro, partly due to...
Thai Oil Fund Spending B1 Billion a Day on Subsidies
The Thai government is using the state‑run Oil Fuel Fund to subsidise diesel and gasoline as global oil prices climb, spending over one billion baht a day on the program. Losses are projected to hit ten billion baht by March 18,...
Legislation Aims to Exempt Small Businesses From Trump’s Latest Tariffs
Senate Democrats introduced the Small Business Liberation 2.0 Act to shield small importers from President Trump’s newly imposed 10 percent tariffs. The bill mandates a 90‑day refund of duties already collected and bars unreasonable price hikes for five years. It follows a...
US Inflation Stable Ahead of Iran Shock
US consumer price index held steady in February at a 2.4% year‑over‑year increase, matching the previous month. The pause came just before the US‑Israel conflict in Iran sparked a sharp jump in oil prices, pushing gasoline above $3.50 per gallon....
Government to Review Planned Fuel Duty Rise as Iran War Causes Price Surge at Pumps
The UK government will review its planned September removal of the fuel‑duty freeze after the Iran war drove crude oil prices to about $90 a barrel, pushing petrol up 6p and diesel up 12p in a week. Prime Minister Keir...
Trade Tensions and Tariffs: What They Mean for Europe’s Startups
The U.S. Supreme Court overturned President Trump’s global tariff framework, leaving the 15% EU‑US tariff rate in limbo and prompting the European Parliament to pause ratification of the new trade pact. EU exports to the United States fell 25% in...
Foe or Friend? US-Turkey Bilateral Relations Seem Set to Improve as Interests Align
U.S.–Turkey relations are moving toward greater cooperation as shared strategic interests outweigh public rhetoric. An analysis of sixteen regional and global issues finds eleven areas of full alignment, four with friction and one mixed, yielding a net positive score. The...
Q&A with Rep. James Walkinshaw (VA-11)
Virginia Rep. James Walkinshaw, a first‑term congressman, has joined the bipartisan Caucus on US‑Turkish Relations and Turkish Americans. He argues the caucus can strengthen democratic norms in Turkey while leveraging the country’s strategic position in regional security. Walkinshaw stresses Congress’s...
Opec Keeps Forecasts Unchanged Despite Supply Outages
OPEC’s latest Monthly Oil Market Report leaves its global supply, demand and economic forecasts unchanged despite major supply disruptions in the Middle East Gulf following the US‑Iran conflict. The organization notes that geopolitical developments warrant close monitoring, but any impact...
Germany, Japan to Unblock Oil Reserves as G-7 Stands ‘Ready’ to Act
Japan and Germany announced they will tap strategic petroleum reserves to curb soaring crude prices amid the Iran‑Israel war, following an International Energy Agency request for a 400 million‑barrel release. Japan plans to act as early as March 16, while Germany will...
Mortgage Rates Climb to 6.19% in Biggest Gain Since September
U.S. 30‑year mortgage rates jumped 10 basis points to 6.19% in the week ending March 6, marking the steepest rise since September. The increase mirrors a sharp climb in the 10‑year Treasury yield, spurred by geopolitical tension after Iran’s conflict disrupted...
StoneX Slashes Global 2025/26 Sugar Surplus Forecast by 70%
Broker StoneX dramatically reduced its global sugar surplus forecast for the 2025/26 marketing year to 870,000 metric tonnes, down from the 2.9 million tonnes projected in January. The revision stems from a downward revision of Indian sugar production to 29.7 million tonnes,...
Spain Permanently Withdraws Ambassador as Rift with Israel Deepens
Spain announced on March 10 that it has permanently withdrawn its ambassador to Israel, leaving the Tel Aviv mission under a charge d’affaires. The decision follows a series of diplomatic confrontations, including Spain’s ban on weapons shipments to Israel and...
Since February, Rising Gas Prices Have Added to Inflation.
U.S. gasoline prices have surged 20% since the Feb. 28 strikes by the United States and Israel drove oil higher. The increase will not appear in the February CPI, which is released later this week, but it will feed into overall...
China-Europe Rail Traffic via Russia Keeps Plummeting
China‑Europe rail freight via Russia fell sharply in 2025, with a 14.1% drop in total TEUs and a 22.7% plunge in eastbound shipments, reaching a historic low of 38,422 TEUs. Despite the volume decline, Chinese export value to Europe rose...
A Trump-Xi Summit Nears, but China Doesn’t Know What Trump Wants
President Donald Trump and Chinese President Xi Jinping will meet from March 31 to April 2 in a summit that could extend their year‑long trade truce. Chinese officials say the White House has provided no clear agenda, leaving Beijing unsure...
US-Iran War Crimp LPG Supply, Hit Borosil’s Glass Production at Jaipur
Escalating hostilities between the United States, Israel and Iran have disrupted LPG shipments to India, prompting Oil Marketing Companies to issue a force‑majeure notice. Borosil Ltd, a major glass maker in Jaipur, said the shortage forced a temporary shutdown of...
Türkiye’s Textile Exports Hold Firm Despite Global Headwinds
Turkey’s textile and raw material exports generated $11.4 bn in 2025. This represents a modest 0.8 % decline from 2024, the smallest dip in a decade. The Istanbul Textile and Raw Materials Exporters’ Association (İTHİB) attributes the performance to resilient demand and...
India Fast-Tracks Chinese Investment Approvals in Key Sectors
India announced a fast‑track approval process for Chinese investments in selected sectors, reducing clearance time to 60 days. The new rules apply to electronics, capital goods, solar cells and battery components, but require Indian residents to hold majority stakes. The...
Dark Clouds Over Hawai‘i Tourism: Congressman Ed Case Warns of Impact on Visa Waiver Travelers
U.S. Representative Ed Case warned that a pending Department of Homeland Security rule could force Visa Waiver Program travelers to disclose extensive personal data, including up to five years of social‑media history. The proposal targets ESTA applicants and aims to...
Is Khamenei’s Killing Narrowing the Shia-Sunni Divide in South Asia?
The killing of Iran’s Supreme Leader Ayatollah Ali Khamenei by U.S.-Israeli forces sparked widespread protests across South Asia. In India, Bangladesh and Pakistan, Sunni‑majority crowds marched alongside Shia groups, chanting against the United States and Israel. Organizers framed the strike...
The Wisdom of Europe’s “Great Capitulation”
The European Union accepted an asymmetrical trade deal with the United States, lowering its residual tariffs while the US maintains high reciprocal tariffs. The arrangement prevents a retaliatory trade war and keeps European import costs modest. Analysts argue the deal...
ECB Preview: Time for a Panic Room in the ECB’s ‘Good Place’
The European Central Bank heads into its March 18 meeting facing a sharp shift in the macro backdrop as the Middle East war drives oil prices higher, removing any realistic chance of further rate cuts. Instead of fine‑tuning inflation forecasts,...
PBOC Employs Volatile Renminbi Fixing to Manage Iran War Fallout
China’s central bank has allowed the renminbi’s daily fixing volatility to surge to its highest level since December 2024, signalling a tolerance for two‑way price swings. The People’s Bank of China set the reference rate at 6.89 yuan per U.S. dollar,...
India Opens Door to More Chinese Investment After 6-Year Freeze
India announced a relaxation of its foreign investment rules, allowing Chinese firms to invest in a limited set of sectors after a six‑year freeze that began in 2020. The policy shift caps Chinese ownership at 49 percent in approved industries...
IOC, BPCL, HPCL Could See Margin Pressure Amid Oil Price Spike: S&P
S&P Global Ratings warns that India’s oil‑marketing firms IOC, BPCL and HPCL could see profit margins squeezed as they keep retail petrol and diesel prices steady amid a recent crude price surge. Crude oil jumped above $100 per barrel after...
Iran Conflict Already Costing Global Tourism $600 Million Per Day, WTTC Warns
The World Travel & Tourism Council warns that the Iran conflict is wiping out roughly $600 million in international visitor spending each day. Airspace closures and flight cancellations are disrupting the Middle East’s role as a critical aviation crossroads, affecting hubs...
Southeast Asia and the Middle East Energy Shock
U.S. strikes on Iran have prompted Saudi Arabia, Qatar and the UAE to suspend oil and gas operations and deter tankers from the Strait of Hormuz, sharply curtailing Middle East energy exports. The disruption threatens $208 billion in crude shipments—about 21%...
Dutch Economy Enters Middle East Crisis From a Position of Strength
The Dutch economy posted stronger‑than‑expected Q4 2025 growth, buoyed by robust goods exports and solid government consumption, creating a positive carry‑over into 2026. Manufacturing output rose 0.4% in January and consumer sales improved despite muted retail sentiment. While the Middle‑East...
Retailers and Suppliers Urge Government Action on UK-India Trade Deal
The UK‑India free‑trade agreement, finalised in July 2025, promises to remove the 8‑12% duties on most Indian textiles, garments and footwear entering the UK. Retailers and suppliers, however, are frustrated by the still‑pending ratification in the UK Parliament, leaving tariffs...
Trump’s Iran War Is Costing American Taxpayers $1 Billion a Day as the National Debt Spirals Out of Control
The Iran war, launched by the United States and Israel, is costing U.S. taxpayers roughly $800 million to $1 billion per day, far exceeding budgeted amounts. Analysts estimate that a two‑month conflict would add about $65 billion in direct war spending plus $1.4 billion...
As some Hoard Petrol, Here’s Our Last Line of Defence Against a Fuel Shortage
Australia is rapidly constructing massive, windowless steel cylinders on the outskirts of its largest cities to store fuel. Each tank, up to 50 metres in diameter and ten storeys high, can hold tens of millions of litres of petrol. The...