IRAN BORDER CROSSINGS
US asks Iraq to shut most Iran border crossings, Iraqi foreign minister says
The US Treasury has requested Iraq to close most border crossings with Iran for increased economic pressure. Iraqi Foreign Minister Fuad Hussein mentioned the challenges of implementing these closures due to economic concerns. Currently, Iraq is negotiating with the US regarding the border situation. Recently, Iraq closed the Sheeb border crossing for security and anti-smuggling measures. The discussions reflect ongoing tensions between the US and Iran affecting Iraq's border policies.
Yemen urges Lebanon to curb Hezbollah's military support to Houthis, seeks joint action
Yemen's Foreign Minister Afrah Al-Zouba called on Lebanon to take action against Hezbollah's military support for Houthis. She emphasized the need for coordination between the two nations to protect their sovereignty and security. Lebanese Prime Minister Nawaf Salam condemned external military activities by Lebanese elements in Yemen's affairs. Salam stressed the importance of maintaining Lebanon's independence and avoiding involvement in foreign conflicts.
US Embassy in Saudi Arabia warns citizens of possible Houthi attacks, airport disruptions amid rising tensions
A security alert was issued by the US Embassy in Saudi Arabia regarding potential attacks and disruptions. The alert highlights recent hostilities involving Iran-backed Houthi forces targeting civilian infrastructure. Airports in Riyadh, Jeddah, and Dammam are operational, though delays and cancellations have been reported. American citizens are advised to exercise caution, especially at airports, amid rising tensions. Regulatory restrictions prohibit sharing information about missile interceptions to avoid legal issues.
4 stocks with consistent score improvement and upside potential of up to 31% in 1 year, according to analysts
Although the indices are in the green on Monday, the market is extremely volatile. The upmove is being attributed to some recovery in oil prices as a reaction to talk of renewed negotiations to end the US-Iran conflict. But don’t be lulled into complacence by the recent uptick in the indices. The results of the US mid-term elections is the event the market will be watching closely. And which way they go will impact how the global markets behave in the coming weeks.
Saudi-led coalition says it destroyed drone fired by Yemen's Houthis over Mecca
The Saudi-led coalition said it intercepted and destroyed a drone launched by Yemen's Houthi rebels in the Mecca region on Friday. The incident marks the latest reported cross-border attack involving drones and missiles targeting Saudi military installations, airports and energy infrastructure. The Houthis have not commented on the latest incident but have previously denied targeting Mecca and Medina, Islam's two holiest cities.
Who sent $2 bn military equipment to Iran past US blockade? More than 5,000 agencies
Iran has developed a clandestine network involving over 5,000 agencies to import military equipment and evade sanctions. This network functions despite ongoing US naval blockades and sanctions since the war began. Extensive investigations reveal significant transactions and military logistics supporting their activities. The secretive agencies have been linked to the Islamic Revolutionary Guard Corps and elite controlled businesses.
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Pakistan running out of gas: 12 kg LPG cylinder costs PKR 7000
Pakistan’s gas crisis has intensified as LPG prices climb to PKR 600 per kg in some areas following disruptions to imports from Iran. Domestic gas production has fallen nearly 20% in five years, while circular debt and outstanding supplier payments have reached PKR 5.454 trillion. The country also faces challenges managing surplus imported LNG despite household fuel shortages.
Trump's cure for Republicans' midterm woes is more Trump. Will it work?
US President Donald Trump is actively campaigning in various states to energize Republican voters ahead of the midterm elections. His rallies are designed to focus on personal appeals and past grievances instead of upcoming policy proposals. Despite Trump's popularity among core supporters, Republican candidates may face challenges due to his low approval ratings on critical issues. Many voters, particularly independents, express strong opposition to Trump, which impacts Republican candidates' chances.
India-US ties shift to deal-making as Trump's Iran policy looms
India must adapt to a US relationship driven by pragmatic deal-making, rethink its diaspora policy amid anti-immigrant sentiment, and play a bigger role in easing Iran tensions and shaping the global order.
LPG cylinder costs Rs 10,000 in Pakistan as border closure triggers shortages, 6,000 dealer shops shut
Pakistan's LPG crisis has pushed prices to Rs 750 per kilogram in some areas, taking cylinder costs above Rs 10,000. The Gabd-Rimdan crossing with Iran has reopened after a week-long suspension, but dealers are protesting alleged harassment by enforcement agencies. With market rates far above the official price, households are struggling to secure affordable cooking fuel.
End 'diversionary' tactics, act against cross-border militancy: Pakistan tells Afghanistan
Pakistan has called on Afghanistan to halt alleged terrorist activities conducted by groups from its territory. The Afghan Taliban has rejected these claims, asserting that Pakistan is deflecting responsibility for its own security issues. Tensions have escalated due to accusations directed at the Taliban for supporting the Tehreek-i-Taliban Pakistan. Pakistani officials demand that Afghanistan address and combat these threats to maintain regional stability.
Pakistan reopens Iran border crossing after week-long suspension of trade
The Gabd-Rimdan border crossing between Pakistan and Iran is back in action, after being closed for a week. This suspension had a significant impact, leading to supply disruptions and increased worries about LPG shortages just as winter sets in. With enhanced security measures now in place, local officials are optimistic that this reopening will ease the strain on traders affected by the border's temporary closure.
US sanctions have India cornered. BRICS charts an escape route
US sanctions have significant implications on international trade, especially concerning countries like India. As BRICS countries explore alternative payment systems, the renminbi could become an attractive option. This change might reduce reliance on the US dollar and offer nations more strategic autonomy. The recent discussions emphasize the importance of cross-border interoperability and local-currency settlements among BRICS members. These developments highlight a potential shift in global economic power dynamics.
Iran, Pakistan temporarily suspend cross-border movement over technical issues, security concerns
Cross-border movement and exchanges between Iran and Pakistan have been temporarily suspended due to technical issues. Iranian Foreign Ministry Spokesperson Esmail Baghaei confirmed that authorities are working to resolve the situation. Pakistan also halted trade through specific border checkpoints to enhance security measures. Shahid Rind clarified that this decision is aimed at preventing smuggling and improving border administration.
'Trump may Finalise Russia Sanctions Law in 10 Days': Sergio Gor
US President Donald Trump will decide on the Sanctioning Russia and Iran Act affecting India's oil purchases. The US ambassador indicated that discussions would continue during Secretary of State Marco Rubio's upcoming visit. India has expressed concerns that tariffs could harm bilateral relations amidst ongoing trade negotiations. While progress has been made, remaining issues need resolution before a trade deal can be finalized.
From gas prices to grocery bills: How Trump’s economic policies are giving Democrats a new midterm campaign weapon
Rising living costs are becoming a focal point for Democrats in the 2026 midterm elections. Many voters are linking these economic pressures to the policies of Donald Trump and Republican lawmakers. Democratic candidates are spending millions on advertisements highlighting tariffs and the Iran war's financial impact. In response, Republicans are focusing on other issues while trying to distance themselves from Trump.
Riyadh airport rocked by Houthi missile strikes – how big is the group's arsenal and why are Saudi Arabia's air defenses struggling?
In recent days, the Houthis have intensified their missile attacks on Saudi Arabia, targeting sensitive locations. Their arsenal includes medium-range and hypersonic missiles, demonstrating boosted military capabilities. The King Khalid International Airport in Riyadh suffered devastating strikes over the weekend, resulting in several casualties and many injuries. But, why are Saudi Arabia's robust air defense systems struggling to thwart attacks?
F-35 parts were sent from Australia to Hong Kong: How a shipping error put sensitive US stealth technology near China
A shipment containing sensitive F-35 components was mistakenly routed through Hong Kong due to a communication failure. The parts were initially supposed to travel through South Korea and Taiwan, which are US allies. A missed warning from a freight forwarder, indicating US export restrictions, allowed the error to occur. US authorities are investigating the circumstances of the routing and its implications for military supply chains.
AI drives global goods trade facing Trump tariffs, war headwinds
Global goods trade is projected to grow significantly this year, driven primarily by demand for artificial intelligence products. Despite tariffs and geopolitical tensions, merchandise trade growth is expected to reach 4.6% this year. The DHL-Stern report indicates a positive outlook, as many economies adapt to a changing trade landscape.
India backs Afghanistan’s sovereignty as Taliban, Pakistan clash at Moscow talks
India has expressed its commitment to Afghanistan's sovereignty and territorial integrity at the recent Moscow Consultations. A delegation led by Indian ambassador Vinay Kumar underscored India's dedication to Afghan welfare. The meeting involved officials from various countries, including officials from Russia and Pakistan. Notably, disputes arose between the Taliban and Pakistan, hindering a joint statement's adoption. The Afghan foreign minister accused Pakistan of destabilizing efforts within the region.
The day the fault lines cracked: October 7’s aftershocks travelled from Israel and Gaza to Iran, Red Sea and $100 oil
It started at the Gaza border. Then came Hezbollah, Houthi attacks, rerouted ships, an Israel-Iran war, American strikes and an oil shock. Three years after October 7, the Middle East’s fault lines have cracked open far beyond where the first shots were fired.
Pedro Sánchez prepones elctions after legislative defeat amid Spain's housing crisis
Spanish Prime Minister Pedro Sánchez has called for early elections after his government experienced a legislative defeat regarding housing measures. The elections are scheduled to take place on November 29, in response to public protests over housing affordability. Sánchez’s governmental coalition has struggled with several smaller parties impacting legislative progress. The conservative Popular Party, which holds the most Parliament seats, is expected to challenge Sánchez in the elections.
RBI could keep rates higher for longer amid global and local risks
With global financial risks in the spotlight, the Reserve Bank of India is indicating a shift towards higher interest rates. Governor Sanjay Malhotra has highlighted emerging challenges, including significant global debt levels and surging asset prices. The rise in US treasury yields and crude oil costs suggests trials ahead for the Indian economy.
Egypt navigates Mecca pact, steps up ties with India
President Abdel Fattah el-Sisi of Egypt met Indian Prime Minister Narendra Modi to deliberate over the Mecca Pact. Their talks centered on fostering robust bilateral strategic partnerships, amid Egypt's choice to refrain from joining the defense pact. Observers remark that the Mecca Pact's relevance is questionable due to a shared enemy's absence. Nonetheless, Egypt positions itself as a crucial stabilizing force within the region.
From motorcycles to booze, US ban on $1 billion worth of Canadian imports goes into effect
The United States of America has banned nearly $1 billion worth of Canadian imports, which includes alcoholic beverages, dairy products and motorcycles. The move comes as a rebuttal against Canada's retaliatory tarriffs against previous American tarriffs on Canadian goods. Candian Prime Minister Mark Carney is rapidly pushing for new trade partnerships.
Redefining global finance: Emergence of alternative payment infrastructure
Chairman of PSB Bank Petr Fradkov, in an interview with RBC, discusses what is happening in one of the most closed sectors of the economy, cross-border payments, and how the A7 international payment system operates, which essentially lacks international payments.
Sleeper cells and lone wolves. The West could be Iran’s next front
The arrest of five British men near RAF Fairford has revived concerns over Iran’s ability to retaliate beyond the Middle East. No Iranian link has been established, with investigators examining multiple possibilities. Western security officials have warned Iran could use proxies, covert networks, lone actors or cyberattacks.
'Worry and sorrow': Middle East war opens old wounds in Kurdistan
Residents of Penjwen express deep concern over the ongoing Middle East conflict and its impact. They recall traumatic memories from the Iran-Iraq war and fear renewed violence might affect their lives. Many residents reflect on past destruction and emphasize the long-term impact on their hometown's infrastructure.
Pak PM's UNGA speech full of misleading claims, ignores terrorism, regional tensions: Former diplomat Mahesh Sachdev
Pakistan Prime Minister Shehbaz Sharif's recent address at the United Nations drew criticism from Indian diplomats. The Indian delegation highlighted Pakistan's history of supporting terrorism and its roles in global conflicts. India emphasized its right to self-defense amid continued threats from Pakistan and addressed the Kashmir issue in its response. Furthermore, India called for international recognition of Pakistan's misleading claims regarding governance and human rights.
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