Gulf war

The Gulf war has disrupted Dubai's informal trading, reducing unaccounted dollar inflows through Pakistan's hundi and hawala networks, which harms small exporters and domestic manufacturers. Crypto investments are now diverting billions from the local market, with dollar outflows reported through illegal channels.

The State Bank of Pakistan is expected to keep its policy interest rate unchanged amid uncertainty from the Gulf war, which has driven global oil prices above $100 per barrel. Analysts suggest the central bank prioritizes stability over growth, with the World Bank projecting economic growth below 4% in FY27 despite government targets.

The article argues that US-Israeli military actions against Iran are escalating toward a third Gulf War, with President Trump and Israeli Prime Minister Netanyahu criticized for abandoning a ceasefire deal. Both leaders face domestic backlash for the agreement, which recognized Iran's sovereignty over the Strait of Hormuz and halted Israel's military operations in Lebanon, and are now pursuing renewed conflict to secure political survival.

Pakistan recorded a $139 million current account deficit in FY26, reversing from a $1.838 billion surplus in FY25. Remittances increased to $41.585 billion, mitigating the deficit, while foreign direct investment fell 34% to $1.64 billion. The Gulf war disrupted oil prices and contributed to economic pressures.

The Gulf war has caused a significant outflow of foreign investment from Pakistan, with Bahrain withdrawing $30 million from domestic bonds in the first 10 days of FY27. The UAE also withdrew $3.5 billion, though Saudi Arabia offset this to prevent a current account imbalance, as Gulf states collectively halted investments amid rising oil prices and economic instability.

The article examines why Iran's expected global inflation crisis has not materialized despite events like the Gulf War and the combined impact of the Covid-19 pandemic and Ukraine-related price surges. It contrasts this with the stagflation seen in the 1970s.

Trojan Spirit, a program developed by the Army in 1990, enabled deployed commanders to access intelligence from agencies during operations. It overcame barriers caused by fragmented systems and databases, with its early version deployed during Operation Desert Storm, significantly impacting battlefield operations. The Army now seeks a successor to Trojan Spirit.

The KC-10A Extender, a US Air Force aerial refueling tanker in service from 1981 to 2024, refueled fighter jets, bombers, and cargo planes during conflicts like the Gulf War and Iraq War. The first KC-10A is displayed at the Air Mobility Command Museum in Delaware, offering public access to its refueling operator station. The Air Force now uses KC-135 Stratotankers and newer KC-46A Pegasus aircraft to replace the retired KC-10 fleet.

President Donald Trump pardoned Stephen Buyer, a former Republican congressman, who was imprisoned for 22 months for insider trading that generated $350,000 in illegal gains. Trump cited Buyer’s military and legislative career, while Buyer claimed the prosecution was politically motivated and denied committing the crime.

The Gulf War has increased the likelihood of oil spills in the Hormuz region and made managing such accidents more challenging due to ongoing conflicts and infrastructure vulnerabilities.

China's solar industry, once a global leader, is facing significant turmoil. The article suggests that the Gulf War will not provide a solution to the industry's current challenges.

Japan and China are leading a foreign government retreat from U.S. Treasurys due to fallout from the Gulf War and currency fears. The selloff was triggered by the U.S.-Iran conflict and surge in crude oil prices, affecting Asian currencies. This has resulted in a decline in investment in U.S. Treasurys.

CBS News Radio recalls the beginning of the Gulf War against Iraq and Operation Desert Storm in 1991. Ed O'Keefe introduces the coverage as a senior White House and political correspondent. The event marks a significant moment in history.

The UAE's departure from OPEC is unlikely to dismantle the cartel but reveals long-standing tensions worsened by the Gulf war. The move underscores internal divisions within OPEC amid geopolitical conflicts.

King Charles III is set to address a joint meeting of Congress during his first U.S. state visit as monarch, amid heightened security concerns and tensions over the war with Iran. The visit, marking America’s 250th anniversary, follows a similar historic speech by Queen Elizabeth II in 1991 and occurs as President Trump criticizes the UK for not supporting U.S. military efforts in the Gulf.

The Gulf war has entered a stalemate with fighting paused and the Hormuz Strait closed. Prospects for a resolution remain uncertain as tensions persist.

India's oil refiners are facing reduced margins due to the Gulf war and government actions. The conflict and associated factors are impacting their profitability.

The article warns that all parties involved in the Gulf War risk miscalculating their strategies, potentially leading to severe consequences. Prolonging the conflict could result in significant financial and human costs.

The article highlights that water resources may be as critical as oil in the current Gulf war, with both Arab states and Iran facing vulnerability in the conflict.

Christine Lagarde, ECB president, discusses the economic impact of the Gulf War's energy shock in an interview. The conversation highlights concerns about energy market instability and its global implications.