Page 6 - Us-iran Tensions

Iran conflict costs surge to $45.1 billion: Pentagon tells Congress

However, the Pentagon's estimate does not represent a complete accounting of the financial cost of the conflict

US renews West Asia travel alert, warns Iran conflict may escalate rapidly

At least 11 US embassies cautioned about possible travel disruptions

US renews West Asia travel alert, warns Iran conflict may escalate rapidly

At least 11 US embassies cautioned about possible travel disruptions

US, China trade teams set to meet in New York on AI, Iran ahead of summit

US Trade Representative Jamieson Greer will also attend talks, according to a statement from his office

Why oil prices have avoided worst-case surge as Iran war enters sixth month

It could be much worse. When President Donald Trump launched his war against Iran in late February, energy analysts issued dire warnings that oil prices could more than double during a protracted conflict and urged investors and motorists to buckle up for a bumpy ride. The war grinds on and oil prices certainly remain volatile. But the most dire projections have not yet come to pass six months into a conflict that has no end in sight. Chinese President Xi Jinping, who is making a much-anticipated state visit to Washington next week, could make a credible argument that the world has his country's energy strategy to thank for that. It's unclear how much the two leaders will discuss Iran during the visit, which comes as Trump's Republican Party faces pressure from voters over high gasoline prices, and as China's buffer is being further tested as the conflict in the Middle East spreads. Trump, who has sought to keep a fragile trade truce with Beijing intact, has been careful in public

Iran war's cost grows to $43.6 bn, weapons bill hits $28.1 bn: US military

The US military's price tag for the Iran war has grown to USD43.6 billion as of September 3, according to a new estimate provided this week to lawmakers. The figure from US Central Command, which oversees operations in the Middle East, offers the most up-to-date cost for the conflict since it was launched by the United States and Israel on February 28. A Congressional Budget Office report released Tuesday said the war had cost USD 38 billion through August 1 and will continue to rack up expenses of around USD 3 billion a month depending on the conflict's intensity. The new breakdown, seen by The Associated Press and reported earlier by Punchbowl News, also showed the continued use of expensive munitions by American forces. Weapons costs jumped by more than USD 6 billion in just over a month, from USD 21.7 billion listed in the CBO report to USD 28.1 billion in US Central Command's estimate. The financial cost is just one measure of the impact of the Iran war, which also is affecting

Iran war's cost grows to $43.6 bn, weapons bill hits $28.1 bn: US military

The US military's price tag for the Iran war has grown to USD43.6 billion as of September 3, according to a new estimate provided this week to lawmakers. The figure from US Central Command, which oversees operations in the Middle East, offers the most up-to-date cost for the conflict since it was launched by the United States and Israel on February 28. A Congressional Budget Office report released Tuesday said the war had cost USD 38 billion through August 1 and will continue to rack up expenses of around USD 3 billion a month depending on the conflict's intensity. The new breakdown, seen by The Associated Press and reported earlier by Punchbowl News, also showed the continued use of expensive munitions by American forces. Weapons costs jumped by more than USD 6 billion in just over a month, from USD 21.7 billion listed in the CBO report to USD 28.1 billion in US Central Command's estimate. The financial cost is just one measure of the impact of the Iran war, which also is affecting

Russia's wartime economy faces strain from debt, military spending

The frictions in Russia's wartime economy are growing, as massive military spending balloons the budget deficit. Consumers and businesses are gloomier. Growth has slowed. None of that, however, signals an imminent financial crisis or economic collapse, economists say. With crucial oil export revenues holding up due to high prices from the Iran war, the government is able to find the money to pay for its four-and-a-half-year-old invasion of Ukraine, at least for now. Meanwhile, low unemployment and government largesse in poor regions help keep a lid on consumer grumbling. That picture suits the Kremlin's narrative of stability ahead of Russia's stage-managed parliamentary election that got underway Friday and concludes Sunday. But economists warn that longer-term problems are gnawing at the foundations - and could one day result in a crisis. Consumers and businesses are more pessimistic --------------------------------------------------------- Indicators of consumer sentiment hav

Two vessels with Indian crew onboard attacked near Strait of Hormuz

Six Indian-flagged vessels and eight foreign-flagged vessels of Indian interest are currently in the Persian Gulf, carrying a total of 153 Indian seafarers

US approves visas for top Iranian leaders to attend UN high-level meeting

The Trump administration has approved visas for top Iranian officials, including the president and foreign minister, to attend next week's UN General Assembly high-level meeting in New York even as the two countries are locked in a stalemated war. The State Department said Thursday that it had approved visas for Iran's "core delegation," along with essential staffers to participate in the UN meetings. The core delegation includes President Masoud Pezeshkian and Foreign Minister Abbas Araghchi, according to US officials, who spoke on condition of anonymity due to visa privacy laws. "Consistent with our host country obligations, the core delegation from the Iranian regime will be able to attend the UN General Assembly High Level Week. The delegation will be under travel restrictions and will face prohibitions on the purchase of luxury and other goods per our policy. The delegation is smaller than last year," the statement said.

US approves visas for top Iranian leaders to attend UN high-level meeting

The Trump administration has approved visas for top Iranian officials, including the president and foreign minister, to attend next week's UN General Assembly high-level meeting in New York even as the two countries are locked in a stalemated war. The State Department said Thursday that it had approved visas for Iran's "core delegation," along with essential staffers to participate in the UN meetings. The core delegation includes President Masoud Pezeshkian and Foreign Minister Abbas Araghchi, according to US officials, who spoke on condition of anonymity due to visa privacy laws. "Consistent with our host country obligations, the core delegation from the Iranian regime will be able to attend the UN General Assembly High Level Week. The delegation will be under travel restrictions and will face prohibitions on the purchase of luxury and other goods per our policy. The delegation is smaller than last year," the statement said.

'Hopefully we are towards end' of Iran war, says Trump as conflict drags on

Trump is expected to meet leaders or foreign ministers from six Gulf Cooperation Council states in New York next week to discuss US postwar plans, Axios reported

'Hopefully we are towards end' of Iran war, says Trump as conflict drags on

Trump is expected to meet leaders or foreign ministers from six Gulf Cooperation Council states in New York next week to discuss US postwar plans, Axios reported

War, extreme weather put Asia's food security at risk: Verisk Maplecroft

Fuel and fertiliser disruptions from the Iran war, alongside El Niño-linked weather extremes, are threatening crops and could worsen food inflation across vulnerable Asian economies

Iranian drones, missiles target US-contracted vessel near Strait of Hormuz

The strike involved four Iranian drones and at least one missile, according to Fox News; minor crew injuries were reported and several US personnel were aboard

Iranian drones, missiles target US-contracted vessel near Strait of Hormuz

The strike involved four Iranian drones and at least one missile, according to Fox News; minor crew injuries were reported and several US personnel were aboard

Oil prices fall as Saudi crude cargoes ease fears of supply disruption

Brent crude fell 1.2 per cent to $104.59 a barrel, while WTI dropped 1.1 per cent to $101.29 as concerns over Middle East supply eased

Oil prices fall as Saudi crude cargoes ease fears of supply disruption

Brent crude fell 1.2 per cent to $104.59 a barrel, while WTI dropped 1.1 per cent to $101.29 as concerns over Middle East supply eased

Iran conflict cost US more than $38 billion: Congressional Budget Office

The US war against Iran has cost the Department of Defence more than USD 38 billion through Aug 1, and will continue costing up to USD 3 billion a month or more depending on the intensity of the conflict, according to an assessment released Tuesday by the nonpartisan Congressional Budget Office. CBO said the war is expected to contribute to inflation into the first quarter of 2027, making inflation roughly 0.5 percentage points higher than they had previously estimated. That's driven largely by the reduction of oil and natural gas shipments through the Strait of Hormuz and disruptions to shipping through the Red Sea. The estimate, prepared in response to a request for information from the top Democrat on the House Budget committee, Rep Brendan Boyle, largely aligns with a previous estimate from Defence Secretary Pete Hegseth, who pinned the costs at USD 37.5 billion, according to his Senate testimony. The estimates come largely from replacing munitions and equipment lost in battle,

Iran conflict cost US more than $38 billion: Congressional Budget Office

The US war against Iran has cost the Department of Defence more than USD 38 billion through Aug 1, and will continue costing up to USD 3 billion a month or more depending on the intensity of the conflict, according to an assessment released Tuesday by the nonpartisan Congressional Budget Office. CBO said the war is expected to contribute to inflation into the first quarter of 2027, making inflation roughly 0.5 percentage points higher than they had previously estimated. That's driven largely by the reduction of oil and natural gas shipments through the Strait of Hormuz and disruptions to shipping through the Red Sea. The estimate, prepared in response to a request for information from the top Democrat on the House Budget committee, Rep Brendan Boyle, largely aligns with a previous estimate from Defence Secretary Pete Hegseth, who pinned the costs at USD 37.5 billion, according to his Senate testimony. The estimates come largely from replacing munitions and equipment lost in battle,