Ceasefire relief: What the US-Iran truce means for oil, equities and currencies
A fragile US-Iran truce has sparked a sharp market relief rally, but six weeks of conflict damage means full recovery remains uncertain.
Africa counts losses as US-Iran war hits 5 key sectors across the continent
Disruptions to shipping through the Strait of Hormuz are beginning to ripple across African economies, threatening fertiliser supplies, industrial inputs and trade flows while increasing freight costs and financial pressure on several countries.
Trump warns he’ll ‘reign down hell’ on Iran within 48 hours unless Strait of Hormuz is opened and peace deal is made
“Remember when I gave Iran ten days to MAKE A DEAL or OPEN UP THE HORMUZ STRAIT. Time is running out – 48 hours before all Hell will reign down on them. Glory be to GOD!” Trump said in a Truth Social post Saturday.
Trump marches up and down an Iranian hill and into a swamp
Announcing that Iran’s nuclear ambitions have been decisively thwarted and its missile programmes stilled, among other damage, Trump basically brushed off the global economic difficulties stemming from the closing of the Strait of Hormuz and gave a bit of a backhand to other Nato members who had declined to join his conflict of choice.
Hopes dim for swift end to Iran war after Trump speech, oil prices surge anew
Stocks slid and the dollar gained after Trump said military operations would be intensified without offering the timeline that investors had sought for ending hostilities against Iran.
Three scenarios for the Strait of Hormuz
The ongoing United States-Israeli war on Iran has thrust the Strait of Hormuz into the centre of a multidimensional geopolitical crisis.
Zim’s gold trade hit by global tensions, soaring shipping costs
Zimbabwe and Ghana are both facing difficulties exporting gold due to disruptions in Middle Eastern trade routes.