"This is a system shock," says Nigel Green, CEO of deVere Group. "You have a material energy supply disruption and a structural shift toward fragmentation."
China's exports have decelerated as the Iran war starts to affect global demand and supply chains, according to Gary Ng, a senior economist for Asia Pacific at French bank Natixis.
President Trump stated that Iran's naval forces were 'lying at the bottom of the sea' and warned that any ships approaching the blockade would be 'immediately ELIMINATED.' He compared the blockade enforcement to US counter-narcotics operations at sea.
The price of oil has jumped again to above $100 a barrel after President Trump said the US would blockade the Strait of Hormuz from Monday. The US president threatened to stop tankers from entering or leaving the key oil and gas shipping lane in response to the failure of talks with Iran.
Bahrain's Ministry of Foreign Affairs strongly condemned the continued malicious drone attacks launched from Iraq towards Bahrain and several Gulf Cooperation Council countries, calling on Baghdad to address these threats and attacks urgently and responsibly.
People must forget about democracy. If an African wants to tell you about democracy, you should run away. Democracy kills. This statement by Traore reflects a stark rejection of democratic principles in favor of military governance.