The new measures are focused on Chinese companies that supply Iran’s military with materials to make drones.
Category: United States International Relations
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Trump’s Latest Tariff Setback Looms Over China Talks
For the president, a major legal defeat could undercut his leverage as he prepares to head to Beijing next week for high-stakes trade negotiations.
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The World’s Central Banks Are Wrestling With a Gigantic Problem
Inflationary surges and economic slowdowns set off by the war in Iran, tariffs and other Trump policies have forced monetary officials to adjust, our columnist says.
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Loss of Emirates Further Weakens OPEC’s Influence
The exit of the United Arab Emirates is the most significant in a series of departures from the oil cartel in recent years.
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Prime Minister Mark Carney Says Canada’s Economy Is Expected to Grow and Deficit to Fall
Prime Minister Mark Carney’s budget update keeps to his path of diversifying away from the United States.
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Bessent Backs Financial Support for Oil-Rich U.A.E.
The Treasury secretary said that currency swap line would benefit both the United Arab Emirates and the United States.
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U.S. Considers Financial Support for Oil-Rich U.A.E.
President Trump acknowledged that the Gulf state has incurred significant damage during the war with Iran.
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Strait of Hormuz May Not Return to Normal, Whether It’s Open or Closed
The energy industry is planning for a future where the choke point on Iran’s southern coast is a lot less important.
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Reopening Strait of Hormuz Would Ease Oil Crisis but Only So Much
Analysts said energy and shipping companies would be reluctant to fully restore operations until they were confident that hostilities were over.
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Oil Prices Fall Sharply After Iran Says Strait of Hormuz Is Open
But analysts said it was not clear how quickly the oil industry in the Persian Gulf would be able to get back to normal.