Page 46 - Us-iran Tensions

Higher prices for gas, groceries and flights to outlast Iran war: Experts

A tentative deal to end the Iran war makes it reasonable to ask how soon prices will drop for gasoline, groceries, airline tickets and other items that got more expensive during the conflict. Not so fast, experts say. Even after oil starts flowing again from the Middle East, it could take a while for consumers to see a difference at local fuel pumps, supermarkets and other places they shop, according to economists and industry analysts. Fighting over the Strait of Hormuz disrupted not only supplies of crude and refined fuel but also the supply chains for fertiliser, food and even footwear. Businesses expect higher costs to linger, which means their customers might need to prepare for that too. "It is not clear, despite three months of war, that anything has been achieved that makes the American consumer better off," Brett House, an economist who teaches at Columbia Business School, said. "In fact, by almost any measure, not just the American consumer, but the world, is worse off as

Higher prices for gas, groceries and flights to outlast Iran war: Experts

A tentative deal to end the Iran war makes it reasonable to ask how soon prices will drop for gasoline, groceries, airline tickets and other items that got more expensive during the conflict. Not so fast, experts say. Even after oil starts flowing again from the Middle East, it could take a while for consumers to see a difference at local fuel pumps, supermarkets and other places they shop, according to economists and industry analysts. Fighting over the Strait of Hormuz disrupted not only supplies of crude and refined fuel but also the supply chains for fertiliser, food and even footwear. Businesses expect higher costs to linger, which means their customers might need to prepare for that too. "It is not clear, despite three months of war, that anything has been achieved that makes the American consumer better off," Brett House, an economist who teaches at Columbia Business School, said. "In fact, by almost any measure, not just the American consumer, but the world, is worse off as

Deal done, but don't count on cheap Oil yet; cautions Mirae Asset Sharekhan

Shipping data firm Kpler estimates that daily transits may rise to around 40 vessels within the first month - less than half the pre-war average of 100, says Mohammed Imran, of Mirae Asset Sharekhan.

Iran war is 'wake-up call' for Southeast Asia's energy sector, says report

The war in Iran has exposed major risks for Southeast Asia that could cost the region many billions of dollars if it does not diversify sources of energy more quickly, according to an International Energy Agency report released Tuesday. An overreliance on oil and gas transported through the Strait of Hormuz left the region particularly vulnerable to shocks from the Iran war, a "stark wake-up call" for its energy security, the report says. It notes that rising sales of electric vehicles, a renewed interest in nuclear power and a boom in rooftop solar and other renewable energy installations show the war is spurring change. But more sweeping reforms are needed. Otherwise, Southeast Asia's energy import bill could rise to $245 billion by 2035, tripling from $80 billion in 2024, the report warns. "Diversification of energy sources and supply routes is now a central priority," said Fatih Birol, the IEA executive director. Iran war exposes Southeast Asia's energy ...

Iran war is 'wake-up call' for Southeast Asia's energy sector, says report

The war in Iran has exposed major risks for Southeast Asia that could cost the region many billions of dollars if it does not diversify sources of energy more quickly, according to an International Energy Agency report released Tuesday. An overreliance on oil and gas transported through the Strait of Hormuz left the region particularly vulnerable to shocks from the Iran war, a "stark wake-up call" for its energy security, the report says. It notes that rising sales of electric vehicles, a renewed interest in nuclear power and a boom in rooftop solar and other renewable energy installations show the war is spurring change. But more sweeping reforms are needed. Otherwise, Southeast Asia's energy import bill could rise to $245 billion by 2035, tripling from $80 billion in 2024, the report warns. "Diversification of energy sources and supply routes is now a central priority," said Fatih Birol, the IEA executive director. Iran war exposes Southeast Asia's energy ...

Oil prices fall as markets weigh return of supply, US-Iran peace deal

On Monday, oil prices fell nearly 5 per cent to their lowest close since March 4, after US President Donald Trump said a memorandum of understanding was signed to end the US-Israeli war with Iran

Oil prices fall as markets weigh return of supply, US-Iran peace deal

On Monday, oil prices fell nearly 5 per cent to their lowest close since March 4, after US President Donald Trump said a memorandum of understanding was signed to end the US-Israeli war with Iran

Trump's Iran deal faces scepticism, scrutiny as US lawmakers seek answers

Republicans on Capitol Hill said Monday they need more information about the agreement between the United States and Iran announced by President Donald Trump, and some are expressing scepticism as they ask the White House for details. The agreement announced Sunday to end the war in Iran, set for a ceremonial signing Friday in Geneva, is centered around reopening the Strait of Hormuz and lifting the United States' naval blockade in the region, along with financial incentives for Iran if it meets certain benchmarks. But Senate Republicans and Democrats who returned to Washington on Monday said there were still many unanswered questions about the deal and they need thorough briefings before it is finalised. "I just don't know enough about it," Senate Majority Leader John Thune told reporters in the Capitol. "Even the people who follow this stuff closely up here don't know that much about it." Congressional leaders and intelligence committees generally receive higher-level intelligenc

Trump's Iran deal faces scepticism, scrutiny as US lawmakers seek answers

Republicans on Capitol Hill said Monday they need more information about the agreement between the United States and Iran announced by President Donald Trump, and some are expressing scepticism as they ask the White House for details. The agreement announced Sunday to end the war in Iran, set for a ceremonial signing Friday in Geneva, is centered around reopening the Strait of Hormuz and lifting the United States' naval blockade in the region, along with financial incentives for Iran if it meets certain benchmarks. But Senate Republicans and Democrats who returned to Washington on Monday said there were still many unanswered questions about the deal and they need thorough briefings before it is finalised. "I just don't know enough about it," Senate Majority Leader John Thune told reporters in the Capitol. "Even the people who follow this stuff closely up here don't know that much about it." Congressional leaders and intelligence committees generally receive higher-level intelligenc

Israel will keep forces in Lebanon, despite US-Iran deal: Netanyahu

'The struggle has not ended,' a defiant Prime Minister Benjamin Netanyahu told Israelis

Israel will keep forces in Lebanon, despite US-Iran deal: Netanyahu

'The struggle has not ended,' a defiant Prime Minister Benjamin Netanyahu told Israelis

Lebanon's sovereignty, security integral to ending war, says Iran

According to the Islamic Republic of Iran Broadcasting (IRIB), Baghaei, on Monday (local time) said that Iran's position on Lebanon has remained consistent throughout the negotiations

Lebanon's sovereignty, security integral to ending war, says Iran

According to the Islamic Republic of Iran Broadcasting (IRIB), Baghaei, on Monday (local time) said that Iran's position on Lebanon has remained consistent throughout the negotiations

Hormuz 'already partially open', to be fully reopened on June 19: Trump

Trump said that ships, including several carrying oil, had started moving out of the Strait of Hormuz following his announcement of the completion of the Iran-US peace deal

Hormuz 'already partially open', to be fully reopened on June 19: Trump

Trump said that ships, including several carrying oil, had started moving out of the Strait of Hormuz following his announcement of the completion of the Iran-US peace deal

Peace deal restores pre-war status quo, US objectives unfulfilled: Expert

The peace deal between the US and Iran merely marks a return to the pre-war status quo and negotiations over the next 60 days will determine whether Washington is able to secure its objectives with which it attacked Tehran, according to an expert. Will Todman, Senior Fellow in the Middle East Programme at the Centre for Strategic and International Studies (CSIS), said the preliminary agreement primarily provides for a cessation of hostilities and the reopening of the Strait of Hormuz, returning conditions to where they stood before US and Israeli strikes on Iran. "No, at this point, the United States has not achieved any of the objectives that President Donald Trump set out when he launched the war," Todman told PTI. The US and Iran reached an agreement on Sunday to reopen the Strait of Hormuz, a move expected to facilitate the resumption of oil and natural gas shipments through one of the world's most important energy transit routes. Details of the agreement have not been made ...

Peace deal restores pre-war status quo, US objectives unfulfilled: Expert

The peace deal between the US and Iran merely marks a return to the pre-war status quo and negotiations over the next 60 days will determine whether Washington is able to secure its objectives with which it attacked Tehran, according to an expert. Will Todman, Senior Fellow in the Middle East Programme at the Centre for Strategic and International Studies (CSIS), said the preliminary agreement primarily provides for a cessation of hostilities and the reopening of the Strait of Hormuz, returning conditions to where they stood before US and Israeli strikes on Iran. "No, at this point, the United States has not achieved any of the objectives that President Donald Trump set out when he launched the war," Todman told PTI. The US and Iran reached an agreement on Sunday to reopen the Strait of Hormuz, a move expected to facilitate the resumption of oil and natural gas shipments through one of the world's most important energy transit routes. Details of the agreement have not been made ...

Iran will never have nuclear weapons, not today and not tomorrow: Netanyahu

Amid growing resentment in Israel over the emerging deal between the United States and Iran, Prime Minister Benjamin Netanyahu on Monday evening defended his actions, emphasising that "Iran will not have nuclear weapons, with or without an agreement". "Iran will never have nuclear weapons, not today and not tomorrow," Netanyahu asserted during a brief press conference in Hebrew. "People ask me what we have achieved? And I answer them - What we have achieved? We removed the immediate threat of annihilation from ourselves. Most importantly, we saved the State of Israel from the threat of total destruction", the Israeli Premier said following a day of criticism from the opposition as well as coalition partners. Assailing Netanyahu's leadership, former Prime Minister and prominent challenger for Prime Ministership Naftali Bennett earlier told the reporters that the term of this Netanyahu government began with a civil war, continued with the October 7 massacre, and is now ending with a .

Iran will never have nuclear weapons, not today and not tomorrow: Netanyahu

Amid growing resentment in Israel over the emerging deal between the United States and Iran, Prime Minister Benjamin Netanyahu on Monday evening defended his actions, emphasising that "Iran will not have nuclear weapons, with or without an agreement". "Iran will never have nuclear weapons, not today and not tomorrow," Netanyahu asserted during a brief press conference in Hebrew. "People ask me what we have achieved? And I answer them - What we have achieved? We removed the immediate threat of annihilation from ourselves. Most importantly, we saved the State of Israel from the threat of total destruction", the Israeli Premier said following a day of criticism from the opposition as well as coalition partners. Assailing Netanyahu's leadership, former Prime Minister and prominent challenger for Prime Ministership Naftali Bennett earlier told the reporters that the term of this Netanyahu government began with a civil war, continued with the October 7 massacre, and is now ending with a .

Vance to lead US delegation to ink Iran peace deal in Switzerland: Trump

Vice President JD Vance will lead the US delegation for the in-person signing of the peace deal with Iran in Switzerland on Friday, President Donald Trump said. Both Trump and Vance have electronically signed the framework agreement with Iran's lead negotiator Mohammad Bagher Ghalibaf, according to a senior US official quoted by The New York Times. In a media interaction in France on Monday, Trump said Vance will attend the signing ceremony. "I may be involved, I may not," the president said in response to a question on his presence at the signing ceremony. The text of the Memorandum of Understanding will be released "pretty soon... sometime after Friday", Trump said. In media interviews here, Vance said the peace agreement was signed digitally on Sunday, and its full text was likely to be made public later this week. "We already signed the deal digitally yesterday (Sunday)," Vance said on the Good Morning America programme on ABC News. The deal was negotiated through mediators