Bank of England says inflation will probably rise due to Iran war
The Bank of England has held interest rates at 3.75% amid growing concerns that conflict in the Middle East will drive up inflation in the UK. The decision follows rising energy prices linked…
Iran war: Trump threatens NATO allies if they do not help him
Donald Trump has warned NATO that it faces a ‘very bad future’ unless its member states help to keep the Strait of Hormuz open to global oil shipments. The waterway is a critical…
Middle East conflict: Thailand likely to be hit hardest by Hormuz closure
The war in the Middle East tensions has raised concerns about global energy supplies after Iran reportedly closed the Strait of Hormuz, a key shipping route for oil and gas. The narrow waterway…
Persian Gulf: Operation Sentinel launched
Large navy vessels will watch at chokepoints while smaller vessels will patrol key transit lanes, and airborne assets will monitor traffic in the Persian Gulf. This stems from a new coalition officially launched…
Iran: UK initiative on Strait of Hormuz
On 29 July Iran said that talks with the USA would be possible if based on an agenda that could lead to tangible results, but Washington is not seeking dialogue. Javad Zarif, Iran’s…
