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China's exports grew 2.5 per cent in March from a year ago, significantly slowing from the previous two months as uncertainties rose from the Iran war and its impact on energy prices and global demand. The March export data released by China's customs agency Tuesday missed analysts' estimates and was sharply down from the 21.8 per cent export growth recorded for January and February. Imports last month surged 27.8 per cent, up from the 19.8 per cent year-on-year increase in the first two months of this year. Technology-related exports including a jump in shipments of semiconductors from China on the global artificial intelligence boom have powered its robust exports in early 2026, but economists say impacts from the prolonged Iran war could affect overall global demand for Chinese exports this year.
China has also criticised the military action against Iran and warned it risks plunging West Asia into deeper instability
Iran, according to Nomura's estimates, has been the biggest beneficiary since the war broke out in terms oil revenues that rose 36 per cent y-o-y in March 2026 to $5.7 billion
If US enforces the blockade, the Iranian economy will suffer an enormous blow on top of the war destruction and will need to start shuttering oil wells in next few days as its storage tanks fill up
Iran's Ambassador to UN Amir Saeid Iravani denounced Washington's move as an 'illegal act of aggression' that threatens regional and international peace and security
The US and Iran may again hold negotiations on April 16 after Islamabad talks failed; Tehran has offered a 5-year pause on uranium enrichment, shorter than the US's 20-year demand
US military has provided few details on how it might carry out President Trump's orders as he seeks to pressure Tehran on a peace deal; but history and established practices offer some clues
The negotiations, set to take place at the United States Department of State, will also include US Ambassador to Lebanon Michel Issa and State Department counsellor Michael Needham
US President Trump is trying to choke off the country's lifeline with a blockade of the Strait of Hormuz; but the Iranians are betting that his tolerance for political pain is limited
The US military announced it will begin a blockade of all Iranian ports and coastal areas on Monday, tempering US President Donald Trump's previous vow to entirely block the strategic Strait of Hormuz, as early reports indicated that ships had stopped crossing the waterway. However, Trump warned on social media that any Iranian warships that come "anywhere close" to the US blockade will be destroyed. It wasn't clear whether the blockade had started by the designated time of 10 a.m. EDT. The move sets the stage for a showdown as Iran has responded with threats against ports in the Persian Gulf and the Gulf of Oman. The war, now in its seventh week, has killed thousands of people and shaken global markets. Ceasefire talks between the US and Iran over the weekend ended without an agreement, raising questions about what happens when the current two-week truce expires on April 22. Meanwhile, the Israeli military is pushing ahead with its air and ground offensive in southern Lebanon, ...
Trump alleged that despite media portrayals, Iran had been 'totally obliterated, militarily, and otherwise'
Pezeshkian asserted that the enemies' objective of destabilising Iran had failed, as the Iranian people demonstrated significant resistance and perseverance
It remains unclear which specific vessels are positioned or designated for participation in the blockade
Brent futures declined by $1.86, or 1.87 per cent, to $97.50, while US West Texas Intermediate (WTI) crude fell $2.25, or 2.27 per cent, to $96.83 by 0003 GMT
The Lebanese militant group Hezbollah will not abide by any agreements that may result from the direct Lebanon-Israel talks in the United States, negotiations it firmly opposes, a senior Hezbollah official said Monday. Wafiq Safa, a high-ranking member of Hezbollah's political council, spoke on the eve of the talks expected in Washington between Lebanese and Israeli ambassadors to the US It will be the first time in decades that envoys from Lebanon and Israel, which do not have diplomatic relations, meet face-to-face in direct talks. "As for the outcomes of this negotiation between Lebanon and the Israeli enemy, we are not interested in or concerned with them at all," Safa told The Associated Press. "We are not bound by what they agree to," he added in a rare interview with international media. He spoke next to a cemetery as an Israeli drone buzzed overhead. Historic negotiations at a sensitive time ----------------------------------------- Lebanese officials are looking to broke
US President Donald Trump signalled his own openness to more talks earlier Monday, saying good people from Iran had reached out
Shortly before addressing reporters, Trump wrote on Truth Social that maritime activity in the strait had surged
He issued a stark warning that any such vessels approaching a US "blockade" would be "immediately eliminated," describing the response as "quick and brutal"
US forces will begin restricting Iran-linked ships in the Strait of Hormuz starting today. While others can pass, the move puts focus on key Gulf ports and risks to global oil supply routes
Gaps in India's surveillance fleet highlight serious vulnerability in a conflict situation